10 Tips on Avoiding Major Health Insurance Traps

CHOOSING THE WRONG AMOUNT OF COVERAGE

Before you read through the paperwork, ask yourself how much insurance you need. Pritchard said people often choose the wrong amount of coverage because they find the options complicated and confusing to interpret.

“You don’t want to be oversold and end up paying for more insurance than you need, or worse, be undersold and not have enough cover to recoup your losses,” he said.