Health insurance
This lesson provides educational information only, not licensed insurance underwriting, medical, or financial advisory advice. Elevate Meridian does not sell insurance policies directly. In this module, we demystify health coverage, explore how deductibles, copays, and networks function, and guide you through choosing the right plan for your personal health and financial protection.
What you’ll learn
- Decode essential terminology like premiums, deductibles, coinsurance, and out-of-pocket maximums.
- Compare plan types including HMO, PPO, EPO, and High-Deductible Health Plans (HDHPs).
- Compare two plans using total annual cost, not premium alone.
- Evaluate open enrollment periods and identify qualifying life events for mid-year policy changes.
Key takeaways
- Four numbers matter: premium, deductible, copays/coinsurance, and the out-of-pocket maximum.
- Check the network and your prescriptions, not just price.
- Copare total cost under both a light year and a heavy year.
- Confirm your own enrollment deadline instead of assuming one.
Find the right coverage for your lifestyle
Deepen your health coverage literacy with our trusted financial partner network. Speak with an independent advisor who can help evaluate your family’s coverage options, review employer benefit selections, or explore marketplace alternatives. The key takeaway: securing appropriate health insurance protects both your physical wellbeing and your hard-earned financial future from unexpected medical expenses.