Health Insurance is a little tricky, especially when you don't have a clue about it. When you are considering what type of health insurance you need, there are some questions you need to ask yourself. Do you need family health insurance? Do you need dental coverage or drug prescription coverage? Whatever health insurance needs you may have, there is a plan out there for everyone.

When looking at different health insurance options, the most important thing to consider is the monthly premium. The monthly premium is the amount you pay per month for your insurance. The annual deductible is the amount you pay for medical expenses before your insurance begins paying. A higher deductible means a lower monthly premium and a higher monthly premium means a lower deductible. If you are relatively healthy and rarely see the doctor or have other medical expenses, consider having a high deductible plan.

If you end up choosing a high deductible plan, it is essential that you find a plan with a copay. A copay is the amount you pay each time you visit the doctor's office regardless of the deductible amount. If your copay depends on your deductible, you can usually get a discounted rate that goes towards your deductible amount. Some plans have prescription drug copays. This is the amount you pay per prescription.

Finally, consider getting a HSA, or Health Savings Account. HSAs combine high deductible health plans (HDHP) with a tax-advantaged medical savings account. In other words, money in the account can help pay the deductible and the remaining money collects interest and can be used to spend on medical expenses. You can deposit funds up to the amount of your annual deductible.