1. Christopher LawrencePRO
    Insurance Broker | Financial Consultant, Lawrence Insurance Consulting, Southern New Jersey
    In all honesty the best way to evaluate your options is through consulting with a knowledgable insurance broker. There are many different structuring options and a great deal of technical details that can be navigated by a consumer however I would relate such a undertaking with representing oneself in a court of law, or self-diagnosing/treating ones medical issues. That being said one can gain valuable insights by factoring in ones history of medical expenses over a several year time line, ones potential exposure level to unforeseen medical events, this should help you benchmark the minimum level of coverage. One should then do a basic cost-benefit analysis (factoring in the historical information the cost of the desired coverage and ones income) to eliminate options that would be to expensive or that would not be effective risk management tools.
    Answered on July 12, 2013
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