Five things to consider when shopping for health insurance
1. Monthly premiums
Know what you will be required to pay monthly to maintain your coverage. You’ll also want to know the monthly premium cost for your spouse’s and qualifying dependents’ coverage.
2. Deductibles, copayments and coinsurance
These forms of cost-sharing only come into play when you receive medical care. You’ll want to make sure they’re affordable for you, both for regular medical care as well as for more serious or unexpected medical conditions.
3. Provider networks
If you have a preferred doctor or hospital, make sure they’re in-network for any plan you’re considering. If they’re out-of-network, your claims may be denied or paid at a lower level. At Sanford Health Plan, we have tools to help you determine providers that are in-network for our various plan options.
4. Prescription drug coverage
Depending on the plan, you may see differences in what prescription drugs are covered and how much your plan will pay toward them. You can review the list of covered drugs, called a formulary. You can use this document and review the plan’s Summary of Benefits to determine how much you will pay for prescriptions.
5. Member perks and discounts
With coverage from Sanford Health Plan, your benefits go beyond health insurance – with discounts for vision, hearing and weight loss services. Under certain plans, we also offer no-cost acute virtual care and monthly gym reimbursements at participating facilities. With a plan that includes perks and discounts, you can save more and do more.