Top Health Insurance Companies for 2024 – Forbes Advisor


Top Health Insurance Companies for 2024 – Forbes Advisor

Health insurance is a valuable resource that covers healthcare expenses including treatments, medicine, and services outlined in your policy. You pay a premium for this coverage, regardless of whether or not you use medical services.

When you do use services covered by your plan, the health insurer will pay a portion of your healthcare costs. The amount you are responsible for paying can depend on the plan type and the specific services you receive. This may include a deductible, which is a fixed amount you must pay before coverage kicks in, a copayment, which is a set amount per service, or coinsurance, which is a percentage of the service cost.

Some health plans may require you to use providers within the network in order for services to be covered, while others may allow you to seek care out-of-network, usually at a higher cost-sharing percentage. It is important to understand the terms of your specific health insurance policy to ensure you are maximizing your coverage and minimizing your out-of-pocket expenses.

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