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Annual Open Enrollment

THREE STEPS TO CHOOSING A HEALTH INSURANCE PLAN

Download printable version of this page (pdf)

All health plans have trade-offs.  You must decide what is most important to you based on your own personal needs.  This information is provided as a tool to help you make your decision.

This web page is designed to be used together with the Health Plans comparison sheet.  The comparison sheet is available in your enrollment materials, at the University Benefits Office (120 University Services Building, Suite 40) and is available for download/print (pdf).

STEP ONE:

Estimate what your out-of-pocket medical expenses for the following year could be for each plan you are considering.

To make your estimate as accurate as possible, consider the lifestyle and family status and financial status factors listed below.  It may be wise to do both an estimate based on an average of your past medical care and an estimate with a higher usage of medical care.  This will give you a range of what your expenses could be.  This estimate (less premium costs) will also be useful in determining if a health care flexible spending account is appropriate for you, and if so, what your annual contribution should be.

Lifestyle and Family Status Factors to Consider When Estimating Future Medical Expenses

Financial Factors to Consider When Estimating Future Medical Expenses

STEP TWO:

Consider the provider access issues below, and keep in mind the Lifestyle and Family Status Factors.

Blue Advantage, and Blue Access are managed care plans and require the use of specified providers.  Program III Plus and Iowa Select plans cover any provider, but BC/BS providers can lower out-of-pocket expenses.  Preferred providers with Alliance Select result in additional savings.

STEP THREE:

Weigh your estimates of the possible out-of-pocket costs for the plans you are considering against the provider access issues.  Make your decisions based on the factors which are the most important to you.

 

Open Enrollment is October XX, 2010, through November XX, 2010