When does having health insurance offer you no greater protection against financial ruin than having none at all?
This isn’t a riddle or some joke with a witty punch line. This is a serious question that all health care consumers need to ponder. The sad truth is that any health insurance – even a “good” plan – can leave you high and dry when you need it most. But there are at least five insurance plan characteristics that are almost sure to fail you every time. The only thing worse than not having health insurance when you really need it is to find out you’ve been paying your hard-earned money for a plan that never had much of a chance of helping you in the first place.
If you’re considering buying into or currently have a plan with one of the following five features, consider looking for another insurer or policy.
#1. Health plans with no out-of-pocket limits. When reviewing a new health plan…
