How much should cost matter when choosing health insurance?

How much should cost matter when choosing health insurance?

Mark Hiepler (Attorney, Hiepler & Hiepler) gives expert video advice on: How should I choose a health insurance company?; How much should cost matter when choosing health insurance?; What will a typical health care plan cover? and more...

One thing is cost, and you have to be able to live within your budget. It is much better to have health insurance than not. However, it's the one area if you can afford to spend the extra money, that you usually get the benefit. The concept of "you get what you pay for" is so important in health insurance. If you can afford a better plan, with a higher deductible, with a higher co-pace, it hurts every time you pay that, but if you have a tragedy, if you have a medical emergency, you're more likely to get care. Additionally, the more you're paying, the more likely you're able to get into your doctor's office; the more happy your doctor is to see you. Imagine if your doctor gets $30 a month and you need five visits in one month, how excited is that doctor going to be to see you? There's some real world factors that do deal with money. So, cheaper is not always better in health care.