For many, choosing a health insurance plan can be a complicated and overwhelming experience. But come March, it may be as easy as reading the nutritional label on a box of cereal. In case you haven't heard, the Department of Health and Human Services today unveiled a proposed draft of a standardized form that will lay out all the costs and benefits of each insurance plan. Through the form, which comes as part of President Obama’s 2010 health care overhaul, consumers will be able to see everything from premiums and deductibles to possible expenses for common situations, such as having a baby or undergoing cancer treatment.
“Today, many consumers don’t have easy access to information in plain English to help them understand the differences in the coverage and benefits provided by different health plans,” HHS Secretary Kathleen Sebelius said in a statement. “Thanks to the Affordable Care Act, that will change.”