How to choose a better health insurance plan during open enrollment

Open enrollment is now underway, and selecting the right health insurance plan can feel daunting. With unfamiliar terms, a variety of coverage choices, and cost concerns, it can be hard to know where to begin.

Michelle Hopkins spoke with Dr. Lia Rodriguez, chief health officer at Oscar Health and president of Oscar Medical Group, about common mistakes people make when shopping for coverage and how to choose a plan that meets their needs.

Dr. Rodriguez says one major mistake is assuming last year’s plan is still the best fit. She advises making a list of the doctors you see, the medications you take, and any health conditions affecting members of your household. It is also smart to think ahead about possible changes, such as having a baby or dealing with a new medical issue.

Another key step is understanding insurance language. Dr. Rodriguez breaks down the meaning of premiums, deductibles, copays, and out-of-pocket maximums so consumers can better estimate what their care may cost.

Although a plan with a lower monthly premium may seem appealing, Dr. Rodriguez says consumers should look at the full cost of care. Office visits, prescriptions, and emergency room bills can all influence what you end up spending.

For people living with chronic conditions or who expect regular medical care, a plan with a higher premium may provide better overall value.

Dr. Rodriguez adds that consumers do not have to make these choices alone. Oscar Health provides free resources to help people understand their options and make informed decisions.

To learn more about health insurance coverage and available resources, visit www.hioscar.com.

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