GoHealth’s Vice President of Consumer Marketing, Michael Mahoney, recently visited WGN Channel 9 News right here in Chicago during their midday broadcast. Michael was on-set to share valuable tips on what to look for when searching for a health insurance plan.
Health insurance is such a high-involvement purchase, and consumers need to take the time to gather all the information they can before making a decision to buy.
Here are the top 3 things to look for when shopping for health insurance:
You’ve likely heard of PPOs and HMOs – these are groups of doctors, hospitals and medical specialists who provide health care services to members at a discount. Before choosing a specific provider network, check out how large it is and if there are participating doctors and hospitals close to where you live.
Premium and Deductible Costs
A premium is the amount you pay monthly for your health insurance coverage. A deductible is the amount you pay out-of-pocket for medical services before your health insurance coverage kicks in. In most cases, the lower the monthly premium, the higher the deductible and vice versa.
Know exactly what is covered under your specific plan. You do not want any sticker shock surprises after receiving treatment.
Watch the video below to hear further discussion on these topics, along with tips on saving on health care and choosing the right plan for you specific needs: