If you’ve already started looking at individual health insurance plans, you might (with good reason) be feeling overwhelmed and confused 🤯. Depending on where you live and the size of your household, you could have upwards of 50 different plans to choose from. For each plan there is a lot of detail about the costs and coverage to wade through and make sense of. Trying to sort through the details for each plan and make a final decision can become a tough task. But choosing health insurance doesn’t need to be something that you have to set aside a full day for.
With the Catch Health Explorer, you can quickly and easily find the plan that is best for you.
What is the “right” plan
Choosing the “right” health insurance plan requires understanding what it means to be the “right” plan. There is no perfect answer to this. Health insurance covers your future medical needs. Given the uncertainty of health, it’s not possible to know 100% what your future health needs will be.
So, how should you pick a plan? The decision comes down to two key considerations: (1) your medical situation and (2) your financial situation.
The “right” plan should:
- Cover your known medical needs (e.g. current doctors, current medicines, other needs for existing conditions)
- Be the most affordable option that meets your needs (considering all costs, not just the premium)
- Give you peace of mind that you’re prepared for unexpected medical needs (e.g. an accident, a new diagnosis)
How does the Catch Health Explorer work?
The Catch Health Explorer prompts you to answer a few questions about your medical needs and your financial situation.
Once you’ve entered some information, the Catch Health Explorer then takes the available plans (varies by where you live) and assesses them across multiple data points. Here are some of the things it looks at for each plan:
- Monthly premium
- Your eligibility for subsidies
- Deductible
- Coverage for your doctors
- Coverage for your medicines
The Catch Health Explorer uses this information to recommend the best plan for you. It also sorts the plans based on how well they fit your needs so that you can look at other options.
You may notice that your recommended plan isn’t necessarily the one with the lowest monthly premium and wonder why. With health insurance there is a tradeoff between fixed costs (i.e. the monthly premium) and usage dependent variable costs (i.e. deductibles, copays, coinsurance). Our recommendation looks at your all in cost of medical care, not just the premium, for your known healthcare needs and the unexpected.
What else can the Catch Health Explorer do?
If you’re the type of person that likes to dig into the data and do your own analysis, the Catch Health Explorer is ready for you. You can use it to filter and sort the list of plans based on a variety of criteria.
Still not sure?
If you’re still not sure and want to talk to one of our experts, we’re here to help. You can message in through the Catch chat tool to talk to a Catch agent (yes, there’s a real-person behind the chat tool, not just a bot) or you can schedule a video appointment with a Catch agent.