Health Insurance Reviews

Our health insurance reviews break down what you need to know before choosing and enrolling in a plan. 

Frequently Asked Questions

  • How much is health insurance?

    Consumers spent an average of $3,667 annually on health insurance in 2020, according to the Bureau of Labor Statistics. But how much you’ll spend depends on whether you have coverage through your employer, a marketplace plan, or another organization. It can also depend on your age, where you live, if you smoke, the number of people enrolled, and the type of plan you select.

  • How do you get health insurance?

    Many people get health insurance through their employer or through a spouse's plan. But if you don't have an employer (or a spouse with health insurance), you're probably eligible for coverage through the health insurance marketplace, or possibly your state's Medicaid program. Visit your state's health insurance marketplace or to apply.

  • When is open enrollment?

    The open enrollment period for your plan depends on whether it's through the health insurance marketplace, your employer, Medicare, or Medicaid. Open enrollment for marketplace plans is November 1 through December 15. For Medicare, it's October 15 through December 7. Enrollment periods for employer plans differ but are generally in the fall. If you're eligible for Medicaid, you can enroll anytime.

  • What is a health insurance deductible?

    A health insurance deductible is the amount you need to pay out of pocket for certain covered services before your insurance coverage kicks in. For example, if your deductible is $500 for a $1,000 medical bill, you would pay the first $500 of that bill and your insurer would pay the rest, subject to any coinsurance percentage that applies. Preventative services often don't have a deductible.

  • How does health insurance work?

    Health insurance pays for covered medical services in exchange for regular premium payments and cost-sharing mechanisms like copays, coinsurance, and deductibles. Like any type of insurance, it's there to protect you when you need it. Considering the high cost of medical care—a three-day hospital stay averages $30,000, for example—health insurance is an essential insurance for almost everyone.

  • When does health insurance expire after leaving a job?

    Your coverage could end the day you leave your job or at the end of the month, but you may be able to extend it through COBRA for up to 18 months. Bear in mind, you’ll be responsible for the entire premium, which could increase your costs dramatically. Reach out to HR to find out when your coverage ends, if you’re eligible for COBRA, and how much you’ll have to pay for it.

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