Healthcare costs continue to rise, making health insurance more important than ever. Understanding your options can help you get the best coverage at the most affordable price.

Navigating health insurance can be confusing, but knowing the basics will help you make informed decisions:

**Types of Health Insurance Plans:**

**HMO (Health Maintenance Organization)**
Lower premiums but requires referrals to see specialists. You must use in-network providers.

**PPO (Preferred Provider Organization)**
More flexibility to see any doctor without referrals. Higher premiums but greater choice.

**HDHP (High Deductible Health Plan)**
Lower monthly premiums with higher deductibles. Can be paired with HSA for tax benefits.

**Key Terms to Understand:**
- Premium: Monthly payment
- Deductible: Amount you pay before insurance kicks in
- Copay: Fixed amount for services
- Coinsurance: Percentage you pay after deductible
- Out-of-pocket maximum: Most you'll pay in a year

**Money-Saving Tips:**
- Use in-network providers
- Take advantage of preventive care (usually free)
- Consider generic medications
- Review plans during open enrollment
- Maximize HSA contributions if eligible

Invest in your health today?proper insurance coverage is the foundation of financial security.