Question to ask before choosing a health care plan

Choosing your health care is an important decision. It is confusing, it often seems as if you are not comparing apples and apples. Plans can be so different and some may offer one thing you want while others have other things. Finding the one that comes closest to filling all your needs and being affordable at the same time can be very difficult. At Bye Financial Group LLC in Grand Ledge, MI, we will work with you to make sure you understand which plan meets your needs. 

Before you choose a plan, there are some important questions you need to ask. 

How much is the premium for the plan?

In the real world, you need to be able to afford to pay the premium on whatever health insurance you choose. It is not the most important thing about any health insurance policy, but it has to be a consideration. 

Is my doctor on the network?

Every carrier has a network of health care providers that they have contracted with. These health care providers offer services to customers at pre-determined rates. Not every doctor is in every network and if you have a preference, it is important to check what networks your favorites are on before choosing a plan.

What is the annual deductible for the policy?

All plans come with a deductible. This is the amount of money you will need to pay out of pocket before your insurance starts to pay for services. 

Does the plan cover my drugs?

First, make sure the plan has drug coverage and then look at the formulary to see what drugs it covers and what the co-pays are. Some tiers of drugs may also have a deductible. 

Give Bye Financial Group LLC in Grand Ledge, MI a call to get the help you need to choose the best health care plan for you.