Medical Insurance

Written by Sarah Provost
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As more and more employers are reducing health care benefits or refusing to offer them at all, medical insurance is fast becoming a major expense for most families. If your employer has cut your benefits, if you're self-employed or unemployed, or if you are in transition between jobs or because of divorce, you need to do some research to find the best plan for your needs. There are a lot of providers out there competing for your business.

What with PPOs, EPOs, and HMOs, technical jargon, pages and pages of rules and exceptions to rules, choosing a medical insurance provider can be very intimidating. My last health insurance provider sent me an 8-1/2 by 11 inch book that was three inches thick! How can you make an informed decision without spending days or weeks trying to decipher such an information overload?

Charts Make Comparing Programs Easier

Several sites on the Internet allow you to make side-by-side comparisons of a number of major medical insurance providers. Of course, this would only be a preliminary step in your investigation, since you'll need to compare details of coverage and exclusions. However, it will drastically cut down the number of providers you are researching.

Does the plan allow you to use the hospital you prefer? Can you continue going to your own health care provider, or do you choose from a list of approved doctors? If you have any high-risk elements or pre-existing conditions, be sure to check how they will affect your insurance, and don't forget to compare annual caps and deductibles.

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