Many people don’t understand how health insurance works—and that’s understandable. Insurance plans can be very complicated and there are more than 1,000 plans in the marketplace. I’ll give you guidelines for choosing one that gives you the most valuable healthcare benefit: freedom of choice.
It can be difficult to wade through the huge amount of policy information that insurance companies provide, so some people skip the research and choose their plan based on only one thing: price. Buying into a plan based solely on the monthly premium is a critical mistake—if a serious illness or disability occurs, high out-of-pocket costs from insufficient coverage can send a family to financial ruin.
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