What Is The Best Health Insurance You Can Buy?

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   Christopher Lawrence

   Insurance Broker | Financial Consultant, Lawrence Insurance Consulting, Southern New Jersey

   Although there are several ways to qualify "best", I will try to adress some of the most popular views of what would be best. If you are refering to the best coverage then a "Platnum" plan- 90% coinsurance coverage from the insurance company, with little to no deductable, this type of coverage would be structured as a PPO plan. If you are refering to the best coverage at the lowest cost then a Consumer Directed Health Plan would be the best way to ballance the two opposing variables. CDHP's are health insurance policies that combine a variety of different structuring options(PPO,POS,HMO, etc..), however they have a high deductable that must be meet before the policies coinsurance would cover many medical services (except for routine, and preventitive care). The high deductable reduces the cost of the plan and is offset by a Medical Savings/Expense account.

   Answered on June 21, 2013

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