Hassle-Free Health Coverage: Getting the Most of Your Plan

In order to get the most out of your health plan, you should stay informed. How? Read your health insurance policy and/or plan member handbook thoroughly, making sure that you understand the sections that pertain to the benefits, coverage, and limits provided under the policy.

Some companies allow you to change your mind and get your money back after you purchase health insurance -- but only if the policy has a "free look" period, which typically ranges from 10 to 30 days. So, read your policy as soon as you get it.

Insurance consumers -- like consumers of anything -- should compare the various products they are considering buying.

The problem with health insurance is that people don't always know where to look.

You should have enough insurance to cover you and your family against the most serious and financially disastrous losses that can result from an illness or accident. If you are offered health benefits at work, carefully review what each plan offers to make sure the one you select fits your needs. If you purchase individual coverage, buy a policy that will cover your major medical expenses and pay them to the highest maximum level.

Call the health plan. Most offer brochures on the various coverages, as well as the information that you should and need to know. Additionally, they may offer telephone numbers for hotlines, services, etc. which might also be useful in your search for the "best" plan for you.

You might also want to speak with the Human Resources director or health benefits officer at your workplace to learn more about your policy. They can usually provide you with some information, brochures, and personal insight as well as provide you with key contact numbers for your plan.