Health reform makes shopping for a health plan easier

When shopping for health insurance, most people base their decision on the plan's monthly premium. But there are a lot of additional costs to consider: How much is the deductible? What will you pay out-of-pocket for a doctor visit? How about an ER visit? Hard to know. And it's even harder to compare these costs between plans.

But help is on the way. A new regulation under health reform is forcing health insurers to use a standard form to show potential customers the true costs of each plan. You'll also get a copy of this form each time your health plan renews - showing you any changes in costs.

Aside from the plan's average premium, the new form will include cost for a primary care visit, medications, tests, surgeries and for ER visits. Also, it'll give three coverage examples so people can better understand what they'll likely pay for having a baby, receiving cancer treatment, or managing diabetes.

The new regulation is out for public comment now and takes effect on March 23, 2012. Want to weigh in?

Share this

Related Posts

Next Post »