If you’re like most Americans, you have probably put off worrying about open enrollment until closer to the deadline. Open enrollment is an intimidating and timely process, so it’s understandable if you’ve chosen to postpone the inevitable.
Problem with this strategy, however, is that apart from the unneccesary stress, it doesn’t allow for enough time to review your medical history, carefully analyze the details of the health plans and make sense of all the health insurance jargon. Luckily, many of you still have time to tackle open enrollment, but before you dive in, ask yourself these 10 questions for a smoother process:
1. Have my benefits changed?
2. What will this plan cost?
- What is the monthly premium, co-pays, deducibles and out-of-pocket costs?
- What happens if I go out-of-network?
3. Does the plan cover services that are important to me?
4. Do I (or my family members) require specialists or specific treatments?
5. Are the doctors and other health care providers that I use in the health benefit providers network?
- Can I see a doctor outside the network?
- Do I need to get a referral in order to see a specialist?
6. Who’s contributing more to the plan: me or my employer?
7. Has my company added or changed medical savings account benefits like an Health Savings Account, Health Reimbursement Account of Flex Savings Account?
8. Will my company be participating in any wellness programs this year?
9. What other factors do I care about?
- A specific doctor
- Vision or dental benefits
10. Will the location of the doctors be convenient for me?
Once you’ve answered the above questions, you should be ready to choose the best health plan for you. If you need additional assistance, sign up for Cake Health and we’ll guide you through the process.
-Consumer Union, http://www.consumersunion.org/health/opene1.htm