Are you ready for open enrollment?

We are now in the middle of healthcare open enrollment season. Do you know what plan is right for you and your family?

We are all pressed for time. Sometimes you just need a simple system to help you sort through your insurance options. That’s what we’re here for.

Health insurance is complicated. Period. According to a study by Fortune Magazine, four-fifths of workers picked a health plan that cost more spread out over the year than an alternative.

So how does one make the right choice? Consider the following steps when making your next health insurance decision.

Doctor Knows Best
Have you considered contacting your doctor? First, you want to make sure they accept your insurance if you are switching to a new provider.

Second, you’ll want to make sure your doctor is in network. Insurers negotiate discounts when they can direct plan participants to a narrow set of hospitals and doctors. Take advantage of this by ensuring your doctor is in your new network.

Your Health Needs
Before choosing a health insurance plan, you’ll need to estimate how much your typical health care costs are on an annual basis.

Analyze your list of medical claims based on what your annual deductible was and whether or not you hit it. If you didn’t come close, chances are you can choose a cheaper plan.

The Final Analysis
If you remember nothing else, remember to choose a plan that your doctor accepts. Once you have that covered, your next choices are easy.

If you have enough savings to cover an emergency and rarely use your healthcare, a high-deductible plan is your best option.

No matter what, take careful consideration this open enrollment season and choose your healthcare wisely!