Forbes May 16, 2022
Health insurance reduces the cost of medical appointments, procedures, hospital stays, tests, prescriptions and more. However, figuring out how much to budget for health insurance can be tricky. Many factors, such as where you live or what type of plan you have, can impact the price of your health insurance. Here is a helpful breakdown of average health insurance costs, along with tips on finding the best insurance plan for you.
What Is Health Insurance?
To define what health insurance is, two elements come into play, according to Ben Handel, Ph. D., an associate professor of economics at University of California, Berkeley who specializes in health economics: “One is protection against financial risk,” he says. This is because of deductibles...
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