Hints While You Puzzle Through Your Health Insurance Options from a Blog Reader
As we are coming up to the open enrollment period for the various health insurance options, Prof. Bill Zame of Economics sent me an email with a cautionary note readers may want to consider. (Edited excerpt): When insurance plans use the term “out of pocket maximums,” they do not mean what an ordinary lay person would mean by the term. As used by the insurance industry and the [open enrollment] plans, only healthcare expenses that are “ordinary and necessary” (by [industry] standards) are included toward “out of pocket maximums” and only charges that are deemed to be in the range normally…
