Premium vs. Out-of-Pocket Costs

Don't just choose a lower premium. Consider the total cost of the plan.

Plan costs include premium, plus out-of-pocket costs such as deductibles, copays and coinsurance.

With a lower premium you will pay higher out-of-pocket costs each time you use your plan for doctor's visits, lab work and drug costs.

Tip: If you choose this option, make sure you have enough money early in the plan year to cover your out-of-pocket expenses until the plan starts to help pay for your expenses. For example, if you have a $5,000 deductible, you will need to pay the first $5,000 of expenses you incur excluding the premium, before the plan begins to pay for any of your expenses.

Which plan is best for me?

Best suited for those that don't have many health care needs.

Higher Premium

Better suited for those that regularly see the doctor for ongoing conditions and/or regularly use high cost prescription drugs.