September 8, 2010
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Something that has many confused, others baffled, and yet others pulling their hair out can be tamed. The way to tame it is to be a participant and not a bystander. Health insurance is needed and the best way to … Continue reading
November 22, 2009
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Well, to wrap up a two week series of Health Insurance, I hope it has given you a nice overview of what is all involved. I have not dived into any one topic too deeply, because there is so many … Continue reading
November 20, 2009
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Some of the ways you can pay for medical expenses is with pre-tax dollars. A Health Reimbursement Account (HRA) is one type which is usually set aside by your employer. Money in this type of account can roll over from … Continue reading
November 19, 2009
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When you look at Preventative services, be aware there are guidelines that define what these are. Loosely defined, these are the services done during a once a year annual physical you have with the doctor. Make sure you are aware … Continue reading
November 18, 2009
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Under some preconceived notion, many assume that once they have health insurance coverage, anything is covered. Or, they assume, their doctor says it’s needed, so then the insurance company must cover it. In all reality, policies have Exclusions and Riders … Continue reading
November 16, 2009
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Coordination of Benefits is probably the biggest thing of the health insurance business that gets confused. What coordination of benefits does is put into order insurance policies when you have two or more insurance policies. Some think, and I’ve heard … Continue reading
November 13, 2009
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Some plans get very specific about In-Network Providers. So much so, you can only get benefits if you only go to in-network providers. There are other plans that allow for Out-Of-Network providers. Depending on the plans, the benefits can be … Continue reading
November 12, 2009
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Now that we have gotten through copays and deductibles, we must now consider co-insurance. After you satisfy your deductible then you have a portion, shared expenses with the insurance company. Co-insurance is where the plan pays a percentage of the … Continue reading
November 11, 2009
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Simply, the Copay is the amount you pay upfront when visiting the doctor. Copays can also apply for Urgent Care services, ER visits, and other services under your plan. Read your insurance plan to see if Copays can also be … Continue reading
November 10, 2009
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So, you go to your doctor’s office and you pay something to the doctor out of your pocket. This is how the term Out-Of-Pocket came to be. Under some plans the deductible can be applied toward your out-of-pocket and some … Continue reading
November 9, 2009
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Deductible – This is the amount some plans ask you to pay first before the plan makes any payments. This could be a low dollar amount or it could be high. The deductible is an annual event. Either starting over … Continue reading