University of Minnesota's Stephen Parente has a high-deductible plan, which left him on the hook for $400 a month to cover a brand-name drug. He found a generic at Costco for $21. Lesson: Spend some of the money you're saving on premiums with a high-deductible plan on a warehouse club.
University of Pennsylvania's Mark Pauly, a senior fellow at the Leonard Davis Institute of Health Economics, has a traditional insurance plan with the most benefits. It's the most expensive one Penn offers. He's 70 and could go with Medicare, but the private plan gives him more options and he spends pretax money on it.
Harvard's Micheal Chernew went with an HMO that has a "typical benefit structure." He figured there was no reason not to. "It was really based on our perception of the available providers," Chernew told Brin.
There's a great sidebar with useful links to sites that can help you navigate the lingo and choices of health insurance.