One of the benefits potential employees prioritize the most when choosing between jobs is healthcare. Good coverage has always been important, but it has been made even more so by the Affordable Care Act (ACA) which requires all citizens to have health insurance.
Most nonprofit employers will offer a variety health insurance plans but it can be a challenge determining which one is the best. When you are dealing with all the technical details of each plan it can be easy to lose sight of what is arguably the most important deciding factor: Which plan will help you stay well and give you the best value when you are sick?
As a general rule of thumb, job seekers should prioritize the following three aspects when deciding which health plan will give them the most bang for their buck:
- Quality: Does the plan in question allow you to still see your primary physician even though she is out of network? If so, it might be wise to pick that plan even if it is a little more expensive. It’s ultimately more important to have the peace of mind that you will be covered than saving a few dollars.
- Prioritize Prevention: Even though wellness and preventive care are on the rise, there are still plans that don’t give them enough focus. You will end up saving in the long-term if your insurance covers routine check-ups and screenings.
- Cost Containment: Your payroll deduction is not the only thing to take into account when choosing your health benefits plan. You should also factor in employee-paid premiums, deductible, co-payments, co-insurance, out-of-pocket expenses, and services the plan doesn’t cover.