Top tips for choosing a healthcare insurance plan - WBRC FOX6 News - Birmingham, AL

Top tips for choosing a healthcare insurance plan

(Source: Raycom Media) (Source: Raycom Media)

Picking out health insurance can be tricky! There are HSA's and PPA's, marketplaces and exchanges.

There are many things to consider when picking out health insurance.

But experts say first you should check your finances especially since independent experts expect plans to cost more this year than they did in the past.

"This is the time of year where you need to compare your total cost for 2015. What did you spend on medical insurance, what did you spend on out of pocket cost?” Ted Jenkin of Oxygen Financial said.

Here are some tips to follow:

  • Know the out of pocket maximum.
  • Look at co-pays for visits or co-insurances-- to see how much extra you'll spend to see your doctor.
  • Make sure your doctors are considered in network.
  • If you have the option, contribute to a health savings account or HSA.
  • And - check your plan.

Even if you are automatically enrolled for 2016 -- review your options -- because plans can change.

These are simple tips that won't make you sick over health insurance coverage.

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