Category Archives: health insurance

Beyond the premium: What will you really pay for health care?

© phasinphoto Fotolia.com

© phasinphoto Fotolia.com

In 2013, Chris had inexpensive health insurance. His premiums were only $200 each month. That sounds pretty good, especially since average premiums for a single person are more than $400 per month.

This is the one of a series of articles on understanding health insurance. Click here for all of the articles. This series covers basics — exceptions and complications go beyond the basics.

Trouble was — Chris’s actual health care costs were a lot higher. Besides paying the premium, he had to pay $3,000 of medical costs out of his pocket before the insurance paid a dime. Premiums are just one of the costs to look at when you buy health insurance. Continue reading

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Open enrollment time: Should you renew or change your health insurance?

Every year that annoying notice comes. It’s open enrollment time. During this time, you can make choices about health insurance. You can compare deductibles, calculate premiums, check coverage, and read policies. Or you can do nothing, and your insurance will automatically renew. If you have employer-sponsored insurance, individual insurance, MNSure insurance, or Medicare, you need to decide. Continue reading

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Filed under health care, health insurance