Helpful Tips for Choosing a Medical Plan
Choosing a health insurance plan can be complicated and confusing. Below you will find some tips to help you compare the offerings to make the best decision for yourself and your family.
- Your Total Out of Pocket Cost– Don’t pick a plan solely based on the copay you pay at the time of service. Plans with a lower out of pocket cost at the time of service typically have a higher out of pocket cost out of your paycheck each week. That means a higher cost to you every month regardless of if you use the coverage or not. It’s important to think about both costs and the types of services you think you may need throughout the year to help you pick the plan that feeds the budget and needs of your family.
- Provider Network– Some plan types allow you use almost any doctor or health care facility. Others can be very restrictive and limit your choices or charge you more if you use providers outside of their designated network. It’s important to check if your current providers participate with the insurance carrier before enrolling. You can do this by simply logging on to the carrier website and searching the providers name or by reaching out to your dedicated Client Care Specialist at Exude for assistance.
- Ask Questions- Make sure you understand the details of the plans that are being offered before making your selection. Many employers conduct open enrollment sessions whether it’s in person meetings, live webinars or recorded Brainsharks. Take advantage of these resources to help you better understand your options so you know what you are buying. After open enrollment, your dedicated Client Care Specialist at Exude is your day to day contact to answer any questions that you have as it relates to the plan.