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getting insured

Are the two of you covered no matter what? Find the insurance coverage you need and answers to all your insurance questions right here. Let's start with you and your honey: We've got health insurance information to help you choose the right plan and advice on how to get and keep health insurance even if your circumstances change. We've also got the inside scoop on life insurance and disability insurance. Now let's move on to some of the key parts of your life, like where you live. We have home owners insurance advice to help you understand what kind of policy you need, what's covered, and what to do when you need to use it. Besides the house, what about your wheels? You'll find answers to all your auto insurance questions, including how to cut car insurance costs. And let's not forget the little things! Ever thought about insuring your engagement ring? It might not be covered by your renter's or home owner's policy, so you ought to check if you have ring insurance. We've also got general insurance advice that can help with all your coverage, from the eight tips newlyweds need to know to tried and true tricks from real Nesties about insurance. You can also chat with other Nesties to get insurance advice right here. Whether you've got auto insurance questions, need home owners insurance advice, want help with health insurance information, or just want the dirt on insuring your engagement ring, you've hit the right spot.

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Insurance Q&A: How Should We Pick a Health Plan?

Q.

The Nest Q&A

What should we consider when choosing our health plan?

A.

When you’re weighing out health plan options, here are the key things to consider:

Cost
When you get your benefits package from your company, each plan will provide a prospectus listing the rate schedule for each option. Some companies pay 90 percent of the premium, some pay 50 percent, and others pay somewhere in between. You’ll be able to see what the copays are for office visits, prescriptions, and hospital visits, and whether you’ll need a referral to see a specialist.

Services

Look at the breakdown of services for each plan. This is when you’ll notice the real differences between Health Maintenance Organizations (HMOs), Preferred Provider Organizations (PPOs), and Point of Service Plans (POS). Each has a different way of approaching copays, referrals, and deductibles. HMOs typically require you to only see doctors within a network, while PPOs are more flexible about going outside of a network; POS plans are a kind of hybrid. All of the details will be spelled out on a list.

Physicians/Hospitals
You’ll then be able to go online or order a directory to check out which doctors and hospitals belong to the plans. If you have doctors you like, look them up and see if they participate. But beware: Not all the information is up-to-date. Call your doctor and make sure before you sign up for a new plan.

Ratings
To find out how your plans rate, there are consumer watchdog organizations out there to help you, like the National Committee for Quality Assurance.

-- The Nest Editors

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