Misconception #1:

Co-insurance

Co-Insurance levels should be given careful analysis when buying insurance. A health insurance plan premium with an 80/20 or 20% co-insurance level is much higher typically than is a 50/50 or a 50% plan. Co-insurance or shared costs between the insured and the insurance company normally have stop losses or Maximum Out-Of-Pocket amounts to [...]

I have seen several questions and responses here that suggest that it is a sign of failure that 47 million Americans are uninsured. Isn’t insurance something that responsible people purchase? If individuals put a higher value on cars, vacations, entertainment and other things, is it really the failure of their government or their [...]

1. Consider choosing a Health Savings Account – Health Savings Account’s (HSA’s for short) are becoming increasingly popular for many Americans for 2 reasons: A) Lower premiums and B) Tax breaks.

An HSA plan has a lower monthly premium than a traditional copay type plan because the HSA plan does not have copays and it typically [...]