Which statement is true about comparing current coverage costs to a new plan?

The statement that all coverage and costs should be compared is true because a comprehensive evaluation of a new plan involves more than just looking at the premium costs. When considering a new insurance plan, it's crucial to assess not only the monthly or annual premiums but also other factors such as deductibles, copayments, coverage limits, and the range of benefits. This thorough comparison ensures that individuals understand the overall value of the new plan relative to their current coverage, helping them make an informed decision that best fits their healthcare needs and financial situations.

By comparing costs across various components of the plans—including coverage for specific services, network availability, and out-of-pocket expenses—individuals can identify any potential savings or drawbacks in switching plans. This holistic approach is essential in finding a plan that offers the best balance of coverage and affordability, ultimately leading to better healthcare outcomes.