Compare benefits of different policies. Understand the limitations in policies. Consider your situation. Determine how much of your income can be allocated to health insurance, considering protection needed, against all other insurable risks, such as damage to the home, death of income earner, and hazards to others for which you are liable. Plan your health insurance program.
Most people have a limited number of dollars to spend for insurance.
The problem then becomes one of deciding how to use these insurance dollars to good advantage. Figure the protection you have from Medicare or Medicaid if you are over 65. No set amount can be recommended for health insurance. The need for and the cost of medical services varies with each individual and household. Insure yourself against the big risks, the most serious things that can happen to you.