January 31 is the very last day to enroll in health insurance coverage through the Affordable Care Act.
Todd Kiser, the Utah Insurance Department (UID) Commissioner, joined Midday with advice.
When searching for health insurance, the UID recommends using these questions as a guide and contacting an insurance agent for more information.
- Will the out-of-pocket cost be affordable? If you don’t maintain a cushion of funds in the bank, you may want a health plan with a low deductible. If you do have savings and can afford a higher deductible (if necessary), you may be able to find a play with lower monthly payments.
- Who will be covered under the plan? You are most likely looking to have coverage for you and your dependents, but there may be options that you might not have considered.
- What’s the deductible? This is the amount you pay out-of-pocket for covered health care services before your insurance plan begins paying. Plans with lower monthly premiums have higher deductibles and narrow provider networks, while plans with higher premiums often have lower deductibles and wider networks. There are a variety of plans that differ in coverage and deductibles.
- What does the policy cover? Health insurance policies vary greatly in costs and what they will or will not cover. Most plans cover at least a portion of the most important benefits, such as doctor visits, hospitalization, maternity and infant care, and preventive care.
- What question should I ask my insurance agent? Working with an insurance agent can help you select the right plan for you and your family.
Visit www.utahinsurancedepartment.com for help finding an insurance agent near you.
The Utah Insurance Department is the state agency that regulates insurance marketed and sold in Utah. They are a resource to help Utahns better understand what questions to ask and how to research the best plan for their individual needs.