Costs from an accident or hospitalization. The amount you will have to shell out before the plan covers the rest of your costs. Most do nothing and never even consider changing health plans.īut the primary reason people should buy health insurance is its catastrophic coverage.
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Maybe they prefer a one-stop HMO operation. They are looking for prescription or dental coverage. People buy health insurance for a variety of reasons. If you’ve been in the same plan for 3-to-5 years, it may not be your best buy. And many people are happy with the health savings accounts. Some Medicare Advantage plans can also save big bucks. Or enrolling in a high deductible plan where, with good health and a little luck, they can amass savings/investment accounts of $50,000 or more. Many could save thousands of dollars in premiums next year by considering a similar, sometimes superior, plan’s standard or basic options. The open season for federal workers, retirees and survivors ends Dec. Most stay in the same plan year-after-year, especially if, like active and retired feds, they have a bewildering array of plans and options.īut two years into a pandemic, with a new potentially deadlier variant spreading fast, lots of people are paying lots more attention to their heath coverage.
#CHECKBOOK COVERS UPDATE#
Those of us lucky enough to have an employer or union-backed health plan have a year-end open season when they are supposed to update their coverage. Many if not most people are indifferent, at best, when it comes to shopping for a new health plan.