What to know and how to buy health insurance.?

Ok, so im 19 year old male lookin to buy health insurance. Where the problems start is when they start using strange jargon. Words such as PPO, deductable,etc. What basics should I know when buying health insurance. Also where to buy, how to buy, plan types, what to know when buying health insurence. Any helpful links or information would be helpful.

One comment

  • Arthur

    Benjamin – You’re correct, of course. Like most specialties, health insurance is chock full of jargon, acronyms, and abbreviations. To be honest, it would be probably too lengthy to go into all the vastness of them. Here’s what I would suggest as the simplest thing for you to do:

    1. Go to NAHU.org (see below) and find a broker who’s near you. NAHU is the professional association for brokers, like me, who specialize in health insurance for individuals & businesses.
    2. If you want, run a few plans & prices on your own, too. Visit my site (below) or one of the many online quoting sites, like Norvax (also below).
    3. When you’re looking, stick with the "brand name" companies, like Blue Cross, Aetna, Humana, Kaiser, etc. There are a lot of companies around that "look good," but this is one area where you don’t want to play around. If/when you have a big claim (like $50,000+), you don’t want to be surprised. Stick with the big players.
    4. Before buying, consider how "much" health care you actually use. Insurance is designed to help you pay for stuff you can’t handle yourself (think of buying new tires vs. buying a new car because a tree fell on your old one). You’ll save money by getting a plan with a big deductible ($2,500 – 5,000) and, even with this, you’ll still get benefits that folks like & use (like only paying $30-40 for a doctor visit, etc.).

    Hope this helps a bit!

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