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9 Great Health Insurance Books That You Need to Read Now

There are hundreds of books out there about the health insurance industry. Many of them have great ideas and action items about how to make an informed decision about your medical insurance purchase. While we haven’t read every book on the market, we thought it would be a good idea to break down 9 great health insurance books that will help you learn about the insurance world. Some of these books cover basic themes, such as what is a deductible, some are textbooks, and some cover more in-depth conversations like forward-thinking employer plans.

No matter your level of expertise, you can get some great knowledge from the books on insurance industry listed here. And you can also search for the best health insurance books with free downloads.  They have awesome information as well.

As a disclaimer, each link below will take you Amazon, and if you purchase one of the books, we will receive a small commission (seriously…small…but thank you!) If you choose to buy something through a link (at no cost to you) we appreciate your support!

Healthcare Made Easy:Answers to All of Your Healthcare Questions under the Affordable Care Act

Great Health Insurance Books - Healthcare Made Easy: Answers to All of Your Healthcare Questions under the Affordable Care Act by Michelle Katz

by Michelle Katz

This is a tremendous book that goes over the details of the Affordable Care Act. It is a great resource for employees, small business owners, and those that are self-employed. You will be able to save money when you read this book. It discusses things such as exemptions to the mandate that we all purchase health insurance, how can children be covered under the CHIP program, and how to receive lower costs on your prescription drugs.  It is written in a Q&A format, making it feel much more interactive and engaging.

Understanding the Insurance Industry: An overview for those working with and in one of the world’s most interesting and vital industries.

Great Health Insurance Books - Understanding the Insurance Industry: An overview for those working with and in one of the world's most interesting and vital industries.

by A.M. Best Company

If you want to know the basics of how insurance works, then this book is for you. It covers more than just health insurance and goes into property/casualty, life, and reinsurance and alternative risk transfer in addition to medical. This book is a great way to get an introduction to the key concepts and terms of the insurance industry. It is a short book and a quick and easy read. So if you are new to the insurance world either as a consumer or for your career, this book is a great place to start.

Easy Healthcare: Choose Your Health Insurance

Great Health Insurance Books - Easy Healthcare: Choose Your Health Insurance

by Lori-Ann Rickard

Under Obamacare, almost all Americans must be covered under a health insurance plan or else face a financial penalty at the end of the year. If you feel overwhelmed at Open Enrollment, don’t be alarmed. Choosing a health insurance plan is a daunting task for most people, and that decision is something that everyone wishes could be made easier. This book accomplishes that task. It is another short read that walks the reader through the steps to make the enrollment period much easier. You will be more confident that you are not overspending on your insurance plan while still making the best decision for you and your family. This is one of the great health insurance books for sale.

Affordable Care Act for Dummies

Great Health Insurance Books - Affordable Care Act for Dummies

by Lisa Yagoda and Nicole Duritz

Does the Affordable Care Act confuse you. Heard so much talk about Obamacare on the news that you have no idea what to think? This book does a great job of going over the details of the ACA. It discusses 10 essential benefits of the law, how to choose the best insurance policy for you and your family, and how the law affects employer coverage, whether it is a large or small employer. Written in the familiar “for dummies” style, the book is a quick read and set in brief sections. While not a deep dive at everything the law addresses, it is easy to understand and well organized. It’s a great book to read once and then keep around as a reference.

Health Insurance: Navigating Traps & Gaps

Great Health Insurance Books - Health Insurance: Navigating Traps & Gaps first Edition by Maura Loughlin Carley, MPH , CIC (Author)

by Maura Loughlin Carley

One of the comments on Amazon puts it best. Most of the talk surrounding health care and health insurance in America is so politicized, it is hard to make sense of what it true and what is not. This is one of the great health insurance books because it puts all of that aside and helps you understand how to handle your insurance needs. If you do not protect yourself the correct way with medical insurance, you leave yourself open to financial, physical, and emotional turmoil. Knowing how to play the game is vital, and this book helps you learn the rules.

Insurance: Concepts & Coverage: Property, Liability, Life, Health and Risk Management

Great Health Insurance Books - Insurance: Concepts & Coverage: Property, Liability, Life, Health and Risk Management

by Marshall Wilson Reavis III

The most important thing to know about the insurance world is risk. Risk is all around us, and everyone on the planet experiences risk at all times. How you and an insurance company handle risk is what forms an insurance policy. This book teaches you about the concepts of insurance and gives you ways to take action with your insurance. It will give you a way to see the big picture and what is at stake for everyone involved. Quick, and to the point, you will learn a lot in a short amount of time.

Health Insurance, Second Edition

Great Health Insurance Books - Health Insurance Second Edition

by Michael A. Morrisey

If you are looking for one of the great books about the Affordable Care Act, this is one for you. It gives a view of the role of private health insurance in the United States, and gives an understanding of Obamacare while predicting its effects. Health Insurance is a textbook, so you will learn a lot of great information including HSAs, moral hazards, Medicare, Medicaid, and more. Whether you are new to the world of insurance or a health policy expert, this book should be on your bookshelf.

Cracking Health Costs: How to Cut Your Company’s Health Costs and Provide Employees Better Care

Great Health Insurance Books - Cracking Health Costs: How to Cut Your Company's Health Costs and Provide Employees Better Care

by Tom Emerick and Al Lewis

This is a book written for CEOs, CFOs, and HR Directors and VPs, but don’t let that deter you from reading this book if you are not sitting in those chairs. This is a great book to help people understand what kind of thinking goes into the health insurance decisions that companies make. All companies have different attitudes and philosophies when it comes to covering their employees, and it is always good to know the decision-making process. The book looks at the myths, facts, and strategies about an employer-sponsored health insurance plans, and then goes into the authors’ solutions to fixing the problems facing employers. A definite must read, even if you do not agree with everything that is said in the book.

The Company That Solved Health Care: How Serigraph Dramatically Reduced Skyrocketing Costs While Providing Better Care, and How Every Company Can Do the Same

Great Health Insurance Books - The Company That Solved Health Care: How Serigraph Dramatically Reduced Skyrocketing Costs While Providing Better Care, and How Every Company Can Do the Same

by John Torinus Jr.

This is a book that has been valuable to some of our employer group clients. Despite the Affordable Care Act and other regulatory measures, healthcare expenses continue to climb. Coverage may be better under Obamacare, but that leaves someone footing the bill, which in many cases are private employers. This book details the steps that one company, Serigraph, took to curtail the rising cost of health care. What they did is not for everyone, but anyone that has a stake in employer-sponsored healthcare, which includes employees, should be willing to think outside of the box. Costs can’t continue to rise like this forever, and it will take some creative thinking to reign in spending.


What Other Great Health Insurance Books Do You Like?

These are 9 great health insurance books that we have enjoyed reading. What books have been helpful to you?

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Should Young People Apply for the COBRA Health Insurance Extension?

One of the scariest things about losing a job, transferring to a new job, or going into business for yourself is wondering what will happen to my health insurance.  If you were insured through your previous employer, it can be a little overwhelming thinking about what you will do about your health care needs.  Fortunately, there is COBRA to help you along the way.  COBRA health insurance has some drawbacks, but it can help you stay covered.

What is COBRA Health Insurance?

COBRA health insurance is a law that allows an employee (or a dependent) who loses health insurance due to a qualifying event to stay covered through the group plan of their employer.  The coverage will be identical to what the individual had before the loss of coverage.

What are the Qualifying Events?

COBRA health insurance is available if the loss of coverage is due to any of the following:

  • Voluntary or involuntary termination of employment due to any reason other than gross misconduct
  • Reduction in hours of employment, thereby making the employee ineligible for coverage under their group plan
  • If the employee becomes eligible for Medicare, dependents become eligible for COBRA
  • Divorce or legal separation allows dependents to become eligible for COBRA
  • Death of the covered employee allows dependents to become eligible for COBRA
  • If a child loses dependent child status, the child become eligible for COBRA

How Long Is the Enrollment Period

An individual must be enrolled in COBRA by the later of:

  • 60 days from the loss of coverage, or
  • The date the COBRA election notice is provided by the plan administrator

How Long Does COBRA last?

If the loss of coverage is due to employment termination or a reduction of hours, COBRA health insurance is available for 18 months from the loss of coverage.  If the loss of coverage is due to any of the following, then COBRA is available to dependents for 36 months:

  • Employee becoming eligible for Medicare (COBRA is available for 36 months from Medicare eligibility date)
  • Divorce or legal separation
  • Death of employee
  • Loss of child status

What Does COBRA Cost?

A downside of COBRA is that the subscriber must pay the entire premium of the plan (plus 2% generally for administration fees).  This can come as a shock to some people who are used to just paying a percentage of the premium through their employer’s plan.  For example, if the full premium is $500, but the employer just requires a payment of $100, then the former employee will have his or her monthly insurance cost increased by $410 ($500 + 2% = $510) – $100 = $410.

Is COBRA Only Available for Medical Insurance?

An individual can sign up for COBRA for medical, dental, and vision coverage, as long as they were enrolled in these plans before the loss of coverage.

Are All Employers Required to Offer COBRA Coverage?

No, COBRA is only required for employers with at least 20 employees.

Should a Young Person Apply for COBRA Health Insurance Extension?

This is a tricky question, and it depends on the new health insurance plans available, the cost of the plans, and the health care needs of the individual.  Under the Patient Protection and Affordable Care Act (PPACA), insurance companies can no longer deny coverage for pre-existing conditions.  Therefore, it is not necessary to stay on COBRA because you are afraid of not being able to get coverage elsewhere.

However, if you look around and find that other coverage options are not as price-friendly, or do not cover the same level of benefits, it could be worth it to stay on COBRA.

But if you move to a new employer who offers health insurance, it will almost always be beneficial to switch to their plan since they will most likely subsidize a portion of the health insurance cost.

Remember, though, that there is a limit to how long you can keep the COBRA health insurance extension, so sooner or later you will have to find a new plan in which to enroll.

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