Coverage and cost
There are so many plans. What's the difference in cost?
Some plans may seem more expensive, but you'll want to look at more than just the premium, which is the amount you pay each month to be in the plan. You should consider the total cost of the plan and how it fits into your budget.
Here are a few things to think about when trying to figure out the total cost:
- Copay - the amount you pay for covered services, like doctor visits and prescription medicines.
- Annual deductible - the amount you pay out-of-pocket each plan year before your plan starts to pay.
- Annual out-of-pocket maximum - the most that you will have to pay out-of-pocket during the plan year. This usually includes copays and your deductible.