Unlike many adult responsibilities, like insuring our cars or making rent, we’re rarely offered the chance to ease our way into dealing with health insurance.
Health insurance is one of the most complicated and most important aspects of being a young professional (and adult), and it requires a great deal of understanding in a very short amount of time.
So let us shed some light. Here’s a look at what you’re likely to see in your job-based health insurance plan, and a guide to help you understand your options when faced with new (or changing) healthcare policies.
When you get that obligatory paperwork accompanying your new health insurance policy, it’ll be covered with insurance jargon. Bear in mind that the numbers, breakdowns, and providers for your coverage will be policy-specific, but here’s a glossary of the basic vocab you should know:
HMOs vs. PPOs
The managed-care policies offered by many companies will let you chose between an HMO and a PPO option. This is great—as long as you know what your needs are. Take your personal situation into account, and use the following list of questions to help you make a smart decision:
Still have questions? Healthcare is complicated! These websites are great resources for questions on your health insurance policy terms and coverage:
Photo courtesy of Fifikins .
Claire J. Dunn is a native Austinite who spends her days breaking the internet through SEO. She moonlights as a writer and has previously worked for top universities in the US and UK, as well as for The Daily Muse as a marketing associate. Claire’s side-projects include academic research on teen television and improving her completion time for the NYT crossword.More from this Author