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Good Way to Compare Health Plans

May 2nd, 2013 at 06:09 pm

In an earlier post I said we had met with an insurance broker about plans for our children.
Now that I learned how to use the Snip Tool I can post some screen shots of the nifty spreadsheet he gave us to compare costs. I couldn't fit all of them in (there were 66) but you'll get the idea.

For those of us who have a hard time figuring out where to start when it comes to narrowing down the choices I hope this helps - It certainly helped me.

Okay, so things to know when you look at this:
- All the numbers are doubled to account for both kids.
- It's color coded to show different companies. I didn't include the company/plan names for space reasons.
- The HSA and Tax columns are both blank because it's "child only" plans.
- Based on the best case/worst case numbers I chose four plans and investigated their specific coverage. The best thing, for me, was to remember that now with ObamaCare preventative care is covered 100% no matter what plan you have.

Best Case Scenario
Annual Premium. No other money spent.

Worst Case Scenario
Annual premium *added to* Total Out Of Pocket Limit.

I found it very interesting to see how a "full coverage/$0 deductable" policy could really cost you a whole lot more especially if you are a healthy person. You could spend as much in *Best Case* as you would in some cheaper plans *Worst Case*.

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