{"id":7022,"date":"2024-10-31T08:06:31","date_gmt":"2024-10-31T08:06:31","guid":{"rendered":"https:\/\/finderica.com\/how-to-pick-the-right-plan\/"},"modified":"2024-10-31T08:06:31","modified_gmt":"2024-10-31T08:06:31","slug":"how-to-pick-the-right-plan","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=7022","title":{"rendered":"How to Pick the Right Plan"},"content":{"rendered":"\n
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\"ScoreCard<\/p>\n

Whether you\u2019re fresh out of college or upgrading to a new employment adventure, a new job comes with a lot of questions. We can\u2019t answer all of them (we have no idea where your cubicle will be or if you\u2019ll like your boss), but we can make picking the right health insurance at a new job a little easier.<\/p>\n

To successfully pick a health insurance policy, you need to know how insurance works and what you need. Follow these guidelines to make the right choices for your health insurance at a new job.<\/p>\n

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What To Know About Your Health Insurance at a New Job<\/h2>\n

It might sound like a no-brainer, but you need to find out if your new employer offers health insurance. Don\u2019t panic if they don\u2019t. There are other options for health care (although employer plans are often the most convenient). In fact, there are four main ways people get health insurance: an employer, HealthCare.gov, Medicare or Medicaid.<\/p>\n

If your employer offers health insurance, they likely contracted an insurance company to provide policies for their employees. The insurance company secures business from this deal and in turn provides lower costs. Plus, the employer often covers some of the monthly premiums for employees. In theory, employer-offered insurance policy is more affordable than buying insurance on the open market.<\/p>\n

Next, comes the open market. Because of the Affordable Care Act, the U.S. government established a health insurance marketplace that allows everyone to buy insurance on the open market. Some states run state specific websites, but HealthCare.gov<\/a> is a good place to get started. Sometimes figuring out the best policy can be difficult this way because of the sheer number of choices. Luckily, HealthCare.gov<\/a> has free health insurance assistants who can help you find the best policy to fit your needs\/budget. These assistants can also help find any tax credits you may be eligible for to lower your monthly premiums.<\/p>\n

You also may qualify for federal (and state) programs. The government offers Medicare for adults 65 and older and Medicaid for low income families or individuals. Medicare is a federal program, the qualifications are standard. But Medicaid is a state run program, so qualifications will vary state to state.<\/p>\n

Types of Insurance<\/h2>\n

Within each of these ways to get insurance, there are different types of plans.<\/p>\n

In general, types of insurance policies are referred to by acronyms that are meaningless if you don\u2019t understand them. Most of the differences boil down to whether or not you have access to a large or small network, if referrals are required, or whether or not you have out-of-network coverage. Take a look at the breakdown of each type to understand what you\u2019ll be signing up for.<\/p>\n

Terms to know:<\/h3>\n