4) Health Maintenance Organizations (HMOs)  (often close-panel HMOs) are usually less costly and less flexible than many other forms of coverage.  Frequently they require that you see their doctors, and get a referral before seeing a specialist. 

There is no best option here—different people prefer different types of coverage. Buying health insurance can be confusing, but it is time well spent to learn all you can about the available options. Also be aware that, due to competition in the insurance business, distinctions between plans may become blurred.  The information I have presented here is only a broad-brush overview. Be sure to read your contract carefully and ask all the questions necessary to fully understand what you are getting.  It’s much better to know what you have before you need it, than to be surprised when you enter the hospital!

If you can’t afford all the bells-and-whistles at least consider purchasing some basic coverage.  Usually you can could costs (and coverage) by opting not to include dental plans and costly add-ons.  Also, consider buying a policy with a higher deductible.  Going from a $500 deductible to a $1,000, $3,000, and $5,000 can often save a lot in premium cost.  Remember, even a less-than-perfect policy is usually better than no policy. 

Steve Diggs presents the  No Debt No Sweat! Christian Money Management Seminar  at churches and other venues nationwide. Visit Steve on the Web at  www.stevediggs.com or call 615-834-3063. The author of several books, today Steve serves as a minister for the Antioch Church of Christ in Nashville. For 25 years he was President of the Franklin Group, Inc. Steve and Bonnie have four children whom they have home schooled. The family lives in Brentwood, Tennessee.

A complete financial compendium, 19 chapters
• What you can do today to get out of debt and kill the Debt Monster
• A,B,C's of handling your money God's way
• How to save, invest, and retire wisely
• How mutual funds work
• How to stop fighting over money
• What to teach your kids about money
• Learn how home & car buying, college financing and insurance work.
• How to develop a budget that works -- forever!
• Features simple charts, graphs, and easy-to-use forms.

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