Health insurance can be complex, often designed to confuse consumers, leading to overpayment. Key expenses include out-of-pocket costs like copays, coinsurance, and deductibles, which can accumulate quickly. It's essential to review your plan annually, as premiums and coverage can change. Alternatives like Health Care Sharing Ministries (HCSMs) offer lower monthly costs but come with limitations. Understanding these aspects can help you make informed decisions and potentially save on healthcare costs.
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