Tag: Insurance

Health Insurance Considerations

When choosing a health insurance plan there is much to consider. What benefits do you need? Which health care providers do you prefer to use, and which can you use? What costs are you comfortable paying? Do you have an emergency or “rainy day” fund to cover expenses in case of sickness, job loss, or economic downturn?

Many factors should be considered when deciding which policy best suits your needs. The right plan for you will depend on your health and your financial situation.

  • Determine which benefits beyond the essential health benefits covered by all policies are most important to you and your family.
  • Check the drug formulary for your prescription drugs and the list of network pharmacies when looking at your options.
  • Check to make sure the providers you want to use are in the plan’s provider network.
  • Weigh the costs of not only the premium, but also the deductible, coinsurance, and copayments for the plans you are considering.

The University of Maryland Extension has some great tools to help consumers be smart about buying and using health insurance. Contact Nora Rhoades at nrhoades@ksu.edu or 785-346-2521 to access the resources available from K-State and other extension networks.

By:  Nora Rhoades

Buying and Using Health Insurance – Consumer Resources

Nora Rhoades
Family and Youth
Development Agent

When choosing a health insurance plan for you and your family there is much to consider. The right plan for you and your family will depend on your health and your financial situation. The University of Maryland Extension provides some helpful consumer resources. These tools can help consumers be smart about buying and using health insurance. To access the resources visit https://extension.umd.edu/insure/consumer-resources.

By:  Nora Rhoades

Know Fact from Fiction about Insurance Coverage

Taking the time to read the fine print of health, auto and home insurance policies may not always happen with consumers. But it pays to understand what you’re purchasing so there are no surprises if you ever need to file aclaim.

Understand 9 common insurance misconceptions that may occur from a lack of policy knowledge. They were compiled from questions to the Kansas Insurance Department Consumer Assistance Division and the National Association of Insurance Commissioners (NAIC). Ken Selzer, CPA, Kansas Commissioner of Insurance provides insight about each misconception in the July 2017 column, “Insurance Matters”: http://www.ksinsurance.org/documents/department/insurance-matters/July2017-insurance-matters.pdf

By:  Nora Rhoades