It’s open enrollment — time to pick next year’s insurance — for folks who buy it on their own and for many of us in our jobs. Lots of us aren’t sure we know how to pick, and research shows: We’re not wrong.
But getting that monthly payment as close to zero as possible? Probably not your best move. Not if it puts you at risk of a horror story you could avoid. • The deductible is how much you shell out before your insurance covers much of anything. The amount can be absurdly high. If your plan has a $7,000 deductible, ask yourself, “Where would I get hold of seven grand?”
• OPX stands for out-of-pocket maximum and it’s a key number: It puts a cap on how much you could pay in a given year.For the math, you’re going to want to make a spreadsheet. Maybe open yourself a beer first.1. What does this plan cost me in a normal year? Because remember that key term, “out-of-pocket maximum”? Well, in a lot of plans — including everything on the Obamacare exchanges — this threshold applies only for in-network providers.
“Your plan could have different deductibles,” she said. “It could have a general deductible, it could have a pharmaceutical deductible, it could have a hospital deductible.”Of course, the answer was: Looking pretty sad.I was, like: What do IP and OP even stand for? Just getting the answer to that required a couple of tries-and-misses with Google on my part — and I report on this stuff full time.
For the rest of us, here’s a place to find actual human beings near you whose job it is to explain this stuff. Note that you’ll find two types of folks listed:
Health Health Latest News, Health Health Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Forbes - 🏆 394. / 53 Read more »
Source: Mirror Celeb - 🏆 476. / 51 Read more »