Insurance is defined as the transfer of risk so when buying health insurance it follows that a consumer would be looking to minimize his or her financial exposure in case of a health related incident.  Surprisingly, though, this is not what the majority of people look at when comparing policies and many don't even consider the risk they are taking on at all when buying one.  So often, after someone makes a purchasing decision based on the cost of a doctor visit or a low deductible they are shocked when, after a hospitalization, they owe upwards of $5,000.   The most important question to be asking when buying a health insurance policy is, what is my worst case scenario.   What is the most I would have to pay in a given year?  Information which is clearly spelled out in most insurance proposals but which, unfortunately, is so often overlooked.

Video: 5 things to always do when buying health insurance.

Ronald Haines
ronald@hcibenefits.com
www.hcibenefits.com