How to Compare Health Insurance Plans
Lower premiums often mean higher deductibles and out-of-pocket costs. Consider your expected healthcare usage: healthy individuals may prefer high-deductible plans, while those with chronic conditions benefit from lower deductibles.
Understanding Coinsurance
After meeting your deductible, coinsurance is the percentage you pay for covered services. A 20% coinsurance means the plan pays 80% and you pay 20% until you hit the out-of-pocket maximum.