Not every health insurance policy is the same. In fact there are many important things that can change from one policy to another. Before signing up, it is advisable to make a careful health insurance comparison to be sure that you get the coverage and the premiums that are right for you. To be confident that you have the best policy for your needs, these are the basic comparisons you should make.

First compare the coverage. No matter what other benefits or low premiums you find in a health insurance policy, if it does not provide the right coverage to address your specific needs it is not for you. Some services that are covered by one policy may not be covered by another; preventive care is a good example of this. You might want dental or vision care services for your family. Find out if it is available. You want to learn about the flexibility to go out of network if necessary if you have a favorite doctor or one you have been seeing for years. Ask about the restrictions regarding any pre-existing medical conditions and how long you must wait for them to be included.

Knowing what your premiums are does not tell you how much you will be paying for healthcare. You need to know about out-of-pocket expenses. This is an essential part of a health insurance comparison. Ask about deductibles, coinsurance and your co-payment obligations. These expenses are basically what you are going to lay out before your insurance policy kicks in. They are what you will pay for doctor visits, prescription medications and regular medical expenses. There is a relationship between out-of-pocket and premium costs. Higher out-of-pocket usually equals lower premiums.

Do not entrust the health care of you and your family to an insurance company before first comparing its payment history and industry rating with other companies. It is critical that the health insurance policy you choose will be able to meet all financial obligations and to deliver all promised services. Your state insurance commission will have the information necessary for you to determine the company's financial strength, payment history and learn of any formal complaints that may have been lodged against the company. The best coverage is useless if the company goes out of business when you need it.

Once you have decided on the specific type of coverage you want, the out-of-pocket expenses that you are comfortable paying and the services that are important to you, you are ready to compare premiums. Present the same set of criteria to several companies and see who has the best price. Health insurance is too important. Get the facts before you buy.