Health Insurance Labels

From Yahoo News:
"New label to help people pick health insurance"

Insurers and employers will have to spell out plainly the costs and benefits of the health plans they offer starting next year. The rule announced by U.S. health officials on Wednesday is designed to better inform people about health insurance choices with a standard label, which the Department of Health and Human Services likens to the kind on a cereal box. Among other things, the label will tell customers their premium, deductible and out-of-pocket costs, and the costs associated with medical events and procedures, such as doctor visits and breast cancer treatments. Insurers must provide the information before a customer purchases a plan and when there are any changes.

^ I hope this will make understanding health insurance and all the different plans easier. I remember when I was looking for health insurance online: it was like reading Chinese and didn't make much sense. Luckily I had help fro my family in deciding what plan was right for me. ^

http://news.yahoo.com/labels-picking-insurance-plans-easier-