Understanding Deductibles, Copays & Out-of-Pocket Maximums

Deductible: What you pay before insurance kicks in

Copay: Fixed amount for doctor visits/prescriptions

Out-of-pocket max: The most you’ll pay in a year

Marketplace vs. Private Health Insurance: Key Differences

Marketplace: Government-backed, income-based subsidies

Private: More flexibility, often broader provider networks

What Does “In-Network” Really Mean for Health Insurance?

“In-network” doctors have contracts with your insurer = lower costs
Out-of-network = higher bills or no coverage

Short-Term Health Insurance: Who Should Consider It?

Great for gaps in coverage (e.g., job transitions)

Limited benefits and not long-term

5 Mistakes to Avoid When Choosing a Health Insurance Plan

Ignoring deductibles

Overlooking networks

Underinsuring your family

Not reviewing prescriptions covered

Failing to ask questions