Open enrolment for 2020 (the season for choosing or changing your health insurance plan) is around the corner. There are many options to choose from during open enrolment and it can be a daunting task to choose one that will meet your needs. This article will help you choose the right plan as it will give you tips for choosing an insurance plan. So, if you would like to choose a good plan, read on to make an informed decision.
Find Out More About the Options Available
When looking for the right plan, you should note the fact that there is no specific plan that suits everyone. So, you have to look for a plan that suits your specific needs. You should consider the benefits, services, and costs of the plans available to find one that suits you.
It is a good idea to understand health insurance lingo like deductible, premium, out-of-pocket maximum, and coinsurance. If you need a refresher, check out the Health Care ABCs. If you are of a Medicare age, find out the difference between Original Medicare and Medicare Advantage. Doing so will help you choose what will work best for you.
Consider Next Year’s Health Expenses
Are you expecting a significant health event like the birth of a child or a surgery? If so, it may be a good idea to consider the plan designs including out-of-pocket maximums to choose the right plan.
Look for A Plan That Includes Virtual Visits and Telehealth Services
With a plan with 24/7 virtual visits, you can reach a doctor from the comfort of your couch. This can be beneficial especially to those who have a busy lifestyle. Virtual visits are meant to make it easier for people to talk to doctors. And the good thing is that all you need to talk to a doctor is either a tablet, computer or smartphone. Telehealth is usually included in employer-sponsored, individual, and Medicare Supplement Plans.
Ask About Wellness Programs
Most of the health plans offer financial incentives to reward those who take healthier actions such as exercising, completing a health survey, or avoiding nicotine. Most of the Medicare Advantage plans also offer their members gym memberships and wellness programs free of charge.
Consider Specialty Benefits
Additional benefits like vision, dental, hearing, or critical illness insurance can protect both you and your family. If you are a Medicare beneficiary, you should know that Original Medicare does not cover prescription drugs and most vision, dental and hearing services. However, most of the Medicare Advantage plans cover these services.
Open enrolment for U.S. employer-provided coverage lasts for 2 weeks and happens between September and December. The enrolment for those eligible for Medicare runs from October 5- December 7 every year. For most members, the changes made during this time will take effect on Jan 1, 2020.
