My brother and his wife need one, they asked me to help them find a good plan, I have been researching but cannot (rather donot know how to) find a good plan for them. I don't want them to get them stuck with something that covers nothing. They are in GA, plz help me.
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Good health insurance is expensive. e.g. they could easily spend $500 or more/mo for the two of them (just guessing, it could be more or less). this kind of money will buy a lot of health care unless you have a serious medical condition. Roughly, the higher the monthly flat cost to the insured (called a premium), the lower the variable costs (copayments and deductibles). HMO's for example have high premiums but the insured only pays $10 or $20 typically per visit to the doctor. Other plans might charge more per visit and less in monthly premiums. if your brother and his wife are self-employed, young and healthy, they may want to consider getting only "catastrophic coverage". it has a high deductible (the amount that the insured must cover every year before the insurance carrier starts to pay out) -- several thousand $$ -- and is designed to prevent financial ruin in the case of serious, unforeseen medical care. the insureds would pay for their routine health care, but if they get very ill and need hospitalization, they would quickly use up their deductible and the insurance would then take over. I suggest you and they talk with agents for several different kinds of insurance and learn all about their options. health insurance is only one element in overall financial planning. they should buy only what they need.
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