Choosing health care coverage is one of the most important financial decisions people can make – and there can be a lot of factors to consider. Are you prepared to maximize your benefits? When signing up, most people want to know how to save time and money.
While 77 percent of Americans say they are prepared for open enrollment, a recent study found that only 6 percent of Americans have a full understanding of basic health care terms, such as premium, deductible, co-insurance and out-of-pocket maximum.
With Americans looking to get greater value for their health care dollars, it is crucial for consumers to understand plan comparisons, cost calculations and industry terminology to maximize their benefits and improve their personal and financial wellness.
This morning at 6:50 a.m., Paul and Mae will talk to chief consumer officer at UnitedHealthcare, Rebecca Madsen about some tips on navigating this important process during the fall’s open enrollment season.