Your First Job

You landed the job. Congratulations! Along with that job might come a health insurance plan. However, sometimes these plans can be difficult to navigate. Below, we’ll try to demystify the process.

Health insurance protects you from a large expense that you cannot afford. Since you’re still young, you are probably not incurring many medical bills now. However, unforeseen incidences can (and likely will) arise. Whether you need emergency surgery for appendicitis or are involved in a car crash that leaves you in the hospital for weeks, it is good to know that you will be covered in the event of a crisis.

Health insurance is not cheap. In fact, it is downright expensive. While employers will generally pay for a portion of it, they usually do not foot the entire bill. You will pay for your insurance through a premium, a deductible, and a co-pay. A premium is a flat rate that is taken out of your paycheck on a regular basis. A deductible is a cost you must pay towards your medical expenses incurred each year. Deductibles vary from a few hundred dollars to a thousand dollars or more. Once this deductible is met, you will only be charged a co-pay, which is a small fee applied towards each appointment or prescription.

You might have some options regarding your health insurance. If you are unsure, do not hesitate to talk to your human resources manager. Many times they can offer valuable advice.

Contact Us

Not all employers offer health insurance to their employees. If you are working part time, you will most likely need to look elsewhere for coverage. The professionals at Option 1 Health Insurance can assist you in selecting a plan that is right for your needs. Contact Option 1 today.