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This Web site contains a compilation of more than a thousand consumer finance  columns written by Tony Novak from the 1980s through 2006, updated and reformatted for maximum usefulness today.  New material was added after 2010.

Content is the opinion of the author and does not represent the position of any other person or entity. Information is from sources believed to be reliable but cannot be guaranteed.

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Lowest priced medical insurance

originally posted: 11/22/2006  reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date. If you notice an error or are in doubt, please send a new question by email or ask for an update. Email

Q: Is the premium for ValueMed really $31 per month? Is this legitimate insurance?

A: Yes, the premium for this limited benefit insurance really is that low but also remember that 1) this insurance is designed to cover primarily outpatient expenses like doctor's visits and is not a comprehensive major medical insurance, 2) this insurance should be used in combination with ValueHealth or other insurance for more complete coverage, and 3) there is a monthly administration charge of $5. Still, this often makes ValueMed one of the lowest priced medical insurance in many parts of the U.S. which explains its popularity. Keep in mind that many short term medical insurance plans at provide full major medical insurance at a price not much higher than this - perhaps $65 pr month for a young adult - that would offer a lot more protection.


More resources:

ValueMed Insurance