Tuesday, September 22, 2015

Health Care What's one to do?

You know you need it. Your family depends on you for it. Let's Face it, this is one of the big topic question most every person deals with today. The realities are pretty daunting. Coverage, cost , availability, deductibles  and co-pays it seems endless, the choices aren’t easy. What do you do?

If you're like most people today you'll turn to your employer for the answers; guess what, they are just as confused as you are. The truth is that the employer is trying to run a business and as such they want to lower cost. Health Care is one of those necessary evils that tugs on the business’s check book.  So what do they do. They look for ways to lower that cost. This is where some of the confusion begins. When a policy can be written with a higher deductible that actually lowers the expenses to the business, what do you really think will happen. That's right you pay more, they pay less. Sure they can recommend a Health Saving Plan to offset that cost, but in the end you still pay.

What this all boils down to is how can you protect yourself from the high deductibles and co-pays of the health world. First, you'll have to become a little more proactive, what exactly do I mean by that. Educate yourself, learn what products are available to you. If you wait until the last minute you’ll end up taking the best of the worst and that's not going to help you. Go to healthcare.gov shop around, call a few providers ask questions. The more options you can create for yourself, well you get it.

Second, think about alternative ways to pay for those deductibles and co-pays. Voluntary Insurance that pays benefits directly to you can greatly offset the out of pocket expense. You can purchase this insurance directly or in many cases your employer can get it for you.

Third don't turn a blind eye toward the Health Savings Plan. They provide a real  way  to shield some of your money from the tax man, and who doesn't love that.

With a little searching and inquiring, you’ll be able to clear some of the confusion that surrounds this issue. Just combine some of these suggestions and you'll come out way ahead. Just remember that when it comes to your health and your families well being, make the choices before hand not out of pocket.

David Decherd

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