FAQ-Answers

How can I choose between benefits my employer offers vs. other channels benefits?

When shopping around for health insurance coverage, it’s important to carefully weigh the pros and cons of the plans offered by your employer and those available through other channels. Most experts advise to see what plans are offering and the rates through the before open enrolment periods, which can arm consumers with more information. In most cases, the group benefit plans will be three-tier, meaning you will be able to choose the deductible and out of pocket maximums that your budget will allow, along with the plan deductibles and coverage limits for yourself and dependents. Here are some good guidelines. Choose the plan that offers the greatest amount of coverage, with the lowest annual deductible, and the lowest monthly premium that you have to pay. Keep in mind that if you buy your health insurance through the marketplace, you are doing so with earnings that has been taxed. If you buy your group health insurance plan through your employer, the deductions are taken pre-tax, which means your share is actually a bit smaller.