Shopping for Health Care: Update #3

**Disclosure: This is a sponsored post written by me on behalf of United Healthcare. All thoughts and opinions, as always, are my own.

January is now behind us and I wanted to update you all on the final decision we’ve made for health care. If you’ve been following my story, my husband and I have been in the process of determining whether or not we should choose a new health care plan for 2015. With the recent addition of Baby Awesome into our family, we’ve had to rethink some things. You can read my previous updates here:

• Shopping for Health Care
• Update on Changing Health Plans

Last year we were on a high deductible health plan and wanted to re-evaluate our options. After doing lots of research, we decided to switch to a traditional health plan for 2015. We are also moving to a family plan because we now have Baby Awesome.

So what does this all mean? Well, on a traditional health plan we pay a higher monthly premium but our deductible is much less than on a high deductible plan (almost 50%). We decided to go with this plan because it better suits our family’s needs for 2015 and you never know what could happen and we want to make sure we have the best health care insurance possible. It’s been really helpful to have sources like the United Healthcare TV website that really help breakdown what all these terms mean. They help you understand the following concepts:

• Premium
• Deductible
• Co-Payment
• Co-Insurance
• Out of Pocket Limit
• Health Insurance Network
• Formulary

As I’ve mentioned before in previous posts on my health insurance situation, I don’t have an HR representative I can speak with because I’m self-employed so the United Healthcare TV site has been so helpful to me in really understanding what I need to look for when switching health insurance plans for my family. I’m very thankful to have finally picked a plan that works for us. Fingers crossed that we all have good health in 2015 and don’t have to use our insurance much!