Health insurance can be confusing, and believing the wrong information could lead to unexpected costs. Here are a few common myths – and the truth behind them.  

Myth #1: “The Lowest Premium Is Always the Best Deal.”

Fact: A lower monthly premium can sometimes mean a higher deductible, copayments or other out-of-pocket costs. When comparing plans, look at the total cost – not just the premium.  

Myth #2: “If My Doctor Takes My Insurance, Everything Is Covered.”

Fact: A doctor being in your plan’s network doesn't mean every service is covered. Coverage can depend on your specific plan, the service you receive and whether certain requirements are met.  

Myth #3: “I Don't Need to Review My Plan Every Year.”

Fact: Your healthcare needs, plan options and costs can change from year to year. Reviewing your coverage during Open Enrollment can help ensure your plan still fits your needs.  

Myth #4: “Preventive Care Is Always Free.”

Fact: Many health plans cover certain preventive services at no cost when you use an in-network provider, but coverage can vary based on the service and your plan.  

Myth #5: “If My Claim Is Denied, I Have to Pay the Whole Bill.”

Fact: A denied claim doesn't necessarily mean you're responsible for the entire amount. Check your Explanation of Benefits and contact your insurance company to understand why the claim was denied and whether you can appeal.  

Myth #6: “I Don't Need Health Insurance If I'm Healthy.”

Fact: Even if you're healthy today, unexpected accidents, illnesses or medical emergencies can happen. Health insurance can help protect you from potentially significant healthcare expenses.  

Know Before You Choose

Health insurance decisions shouldn't be based on assumptions. Understanding your plan's benefits, costs and rules can help you avoid surprises and make more informed choices.

When it comes to health insurance, knowing the facts could save you money.