I suspect that health insurance confusion is worse than filling out taxes. That’s what I feel when I speak to people about health insurance.
People become even more confused when it’s time for the health insurance open enrollment period. This period runs from November 1st to December 15th every year.
We at My Family Life Insurance call it the “health insurance open confusion period”. Why?
Many individuals and families are simply and incredibly confused about their health insurance. For example, most people don’t know the difference between a copay and coinsurance. Not knowing these basics can have a negative impact…on your checking account!