Finding the right health insurance coverage for your family can be daunting. There are so many options -- and prices for each option -- it's not something to take lightly. And you need to understand your family's needs before you decide on a plan. Think those chemistry tests in high school were bad? See how you do on our health insurance quiz!
Coinsurance is when a provider requires you to pay a portion of all health costs, even if your deductible has been met.
Thanks to the new health care reform, if you've recently lost your job you could be eligible for Medicaid, a program that used to be reserved for the poor and disabled.
Occasionally, doctors will be open to negotiating your bill for a lower price if you do not have health insurance.
You have to look at the average costs of using the plan for at least a year to determine if it is the one that works best with your budget.
There is much anticipation around the health care reform, including the ideas that everyone will be insured, pre-existing conditions won't matter and the start date of the new plan -- all of which are true.
Trade associations and unions often offer group-discounted insurance to freelancers or the self-employed.
Every detail of a health insurance plan may vary.
Although some employers may pay a portion of the cost of your insurance, not all do. But getting a group discount is a certain benefit you will receive when you sign up through your employer.
Catastrophic insurance is meant to cover you in emergency situations when you cannot afford full health coverage. For a low monthly fee, you will be covered for major health issues, but day to day appointments are not covered.
The plan with the lowest monthly cost may be more expensive in the long-run due to copays and deductibles.
There is no law mandating that an insurance company cover any of these.
As long as the dependent is still under the policy's age limit, they may leave a parent's plan and then return to it.
COBRA allows you to keep your employee plan, but your monthly payments will be more expensive since your employer will no longer be paying its share.
Most individual, private plans do not cover pregnancy unless you've purchased a special supplement.
Coverage varies from plan to plan, so one specific plan might not cover any of these.
While most plans used to cut off dependent coverage at 21 or 23, the new health care law has extended coverage until the age of 26.
The average is about 70 percent of the cost, leaving you to pay the remaining 30 percent out of pocket.
There are many other options that are more affordable, some of which are even funded by the government.
HMO plans require you to get a referral from your primary care physician to see a specialist, but the plan will only cover a specialist within your network.
An EPO, or exclusive provider plan, functions like an HMO with a nationwide network of doctors.