• Coverage: Opt for a plan that covers a wide range of medical services, including doctor visits, hospitalizations, surgeries, and prescription medications.
• Deductible: A higher deductible often leads to lower monthly premiums, but it also means you’ll pay more out-of-pocket before insurance coverage kicks in.  
• Co-pay: This is a fixed amount you pay for specific services, like doctor visits or prescriptions.  
• Coinsurance: A percentage of the cost you pay after meeting your deductible.  
• Network: A network of healthcare providers who have agreed to provide services at a discounted rate.  

Auto Insurance

Auto insurance is another essential type of coverage, especially if you own or lease a vehicle. It protects you financially in case of accidents, theft, or other incidents involving your vehicle. Key factors to consider when choosing an auto insurance policy include:  

• Liability Coverage: This covers property damage and bodily injury to others.  
• Collision Coverage: This covers damage to your vehicle in an accident, regardless of who is at fault.  
• Comprehensive Coverage: This covers damage to your vehicle caused by non-accident events, such as theft, vandalism, or natural disasters.  
• Deductible: A higher deductible typically leads to lower premiums, but you’ll pay more out-of-pocket in the event of a claim.  

By carefully considering these factors and seeking advice from insurance professionals, you can make informed decisions to protect yourself and your loved ones from unexpected financial burdens.