Open enrollment for health insurance begins November 1st, which means you’ll be able to change your coverage or enroll in a new program. Not only will you have the choice of several insurance providers, but they all carry a variety of different health care policies. However, cutting through the jargon to find the right coverage for your needs can be confusing and overwhelming. Here are a few insurance agent-recommended tips for comparing your health care options.

A Quick Guide to Health Insurance

How Do I Buy Health Insurance?

Most Americans get health insurance coverage as a benefit through their employer. While this is often less expensive, since your employer picks up some of the cost, the policies are somewhat limited. New Mexico residents whose employers don’t offer insurance benefits, or who want to choose their own coverage, can browse their selections on the health insurance exchange.

What Is a Deductible?

The monthly premium isn’t the only cost to consider when comparing health insurance policies. You’ll also have to look at the deductible, which determines how much you’ll have to spend before the coverage kicks in. Higher deductible plans often have lower monthly premiums, so they may be best for those who are in relatively good health. On the other hand, if you go to the doctor often, a low-deductible plan with higher monthly payments may be a better investment. An insurance agent can help explain the actual costs of each insurance option.

What Does Health Insurance Cover?

At a minimum, there are basic services all health insurance plans must provide, including inpatient and emergency care, hospitalization, pregnancies, and addiction recovery services.  They should also cover prescription drugs and lab tests. However, if you want additional coverage, for example, adult dental insurance, you will have to look for a plan that lists that as a benefit.

From their offices in Northern New Mexico, the insurance agents at Alcorn Insurance Agency, Inc. provide in-depth guidance informed by 35 years of experience. They’ll walk you through all the options to ensure you get coverage that’s right for you. Visit their website for more on their products and services, follow their Facebook for more helpful tips, or call (575) 756-2197 to speak with an insurance agent today.