2. Figure out what is important to you. Do you want to see an out-of-network doctor? Do you or family member have a lot of prescriptions? By evaluating your priorities, you can make better decisions about what plan you need.
3. If you have a choice of health plans, it can be very difficult to figure out which one to choose. My husband and I figured up the costs of the premiums and the estimated costs of co-pays and out-of-pocket expenses for best and worst case scenarios the year we had a choice of plans. We determined the high-deductible plan would be the cheapest for us. Even though we were responsible for the first $1500 of expenses per person, the savings we incurred in our premiums plus the companies deposit in our HSA was greater than if we had the basic plan with co-pays. However you do it, make sure you budget what your needs will be and save that money in your HSA.
4. If two spouses both work and have health plans, you will want to consider which one offers the best coverage for your needs. If you don’t have children, it may be less expensive for you to each carry your own insurance instead of paying family premiums.
5. Make sure you know about additional benefits your plan/employer has to offer. Many companies offer extra benefits such as free preventative screenings, wellness incentives that may reduce your premium, and mail order prescription drug services where you can get 3 month prescription refills at a significantly reduce rate.