Tags: health care

Why Insurers are Withdrawing From ObamaCare

Some of the nation’s largest health insurers have announced they may drop out of the healthcare exchanges for 2017 due to mounting costs in that portion of their business. Other large insurers have also suggested that they are re-evaluating their involvement, due to increasing costs that are outpacing premiums. In addition, more than half of the non-profit insurance cooperatives formed to provide exchange plans have also left the market. Insurance traditionally works by calculating the probability of a costly event. Looking at statistics, insurers are able to estimate the likelihood... Read More

Weighing The Pros & Cons of an HSA — Health Savings Account

Weighing The Pros & Cons of an HSA -- Health Savings Account

Health savings accounts (HSA) are a growing trend in health care, but is one right for you? An HSA is a cost-effective option for many individuals and families, but it is not the best choice for everyone.   The Differentiators Comparing HSAs to traditional health plans can be difficult, as each has pros and cons. For example, traditional health plans typically have higher monthly premiums, a smaller deductible, and fixed copays and/or coinsurance. You pay less out-of-pocket due to the lower deductible and copay, but pay more each month in premium. HSA plans... Read More

5 Tips for Getting The Most Out Of Your HSA

5 Tips for Maximizing Your HSA

Health savings accounts (HSAs) are a great tool for helping manage your out-of-pocket health care expenses. If you have an HSA, you want to make sure you’re getting the most bang for your buck.  Here are five strategies that will help you get the most out of your HSA investment. Contribute as much as you can. HSAs are designed to offer triple tax benefits—meaning you put your money in tax-free, it gains interest tax-free and you can withdraw it tax-free for qualified medical expenses. In addition, many employers will contribute to an... Read More

10 Reasons You Want a Health Savings Account

10 Reasons You Want a Health Savings Account

With the soaring cost of health care, many consumers are turning to the health savings account (HSA) as a way to combat rising expenses. This financial option is quickly growing in popularity and has the potential to save you a significant amount of money. The HSA offers another alternative for controlling health care expenses. An HSA encourages the consumer to make healthier lifestyle choices, better health care-related financial decisions, and to invest and save money over time for future medical needs. Here are 10 reasons you want a Health Savings... Read More

Are You At Risk for a Heart Attack?

are you at risk for a heart attack

Here are the facts: If you are not actively taking care of your heart, it can’t take care of you. According to the American Heart Association, more than one in three women has some form of cardiovascular disease. And heart disease is the leading cause of hospitalization for men in the United States. While there are risk factors that contribute to heart disease that you can’t control—such as genetics or your age—there are many things you can do to maintain your heart health. February is National Heart Month—and in honor of that,... Read More

Vaccinations for Children–What you need to know

vaccinations for children

As our children head off to school, the topic of childhood vaccinations is always high on everyone’s list. Certain vaccinations are a requirement for school enrollment in virtually every school district in the United States. Why are vaccines so important? In the United States and Canada, vaccines have almost completely wiped out several serious childhood diseases such as measles, mumps, whooping cough, smallpox, polio, diphtheria and haemophilus infections.   What is a Vaccine? Vaccines contain killed or weakened disease organisms (typically inactive bacteria or weakened viruses) that are administered to... Read More

13 More Ways to Reduce Healthcare Costs

13 More Ways to Reduce Healthcare Costs

Everyone wants to save money on their healthcare. Healthcare can be one of our biggest expenses in life. A while back we published 13 ways to reduce healthcare costs. Now we have 13 more ways you can reduce health costs.   Consider an HSA. Health Savings Accounts (HSAs) are growing in popularity. A high-deductible policy protects you from the cost of a catastrophic illness or prolonged hospitalization but leaves you paying for small and routine healthcare yourself. With an HSA, you control the savings account and use it for those... Read More

Insurance Tips for New Parents

Insurance Tips for New Parents

Congratulations—you’re having a baby! Are you ready? You’ve probably already decorated the baby’s room, stocked up on diapers & wipes, checked out car seats and strollers, and started discussing baby names. Maybe you’ve even signed up for childbirth classes and thought about nannies and daycare, but there’s one more thing you need to think about now that you’re adding another member to your family. Insurance. That’s right. Have you thought about how having a baby is going to change your insurance needs? While insurance may not be the first thing... Read More

Accident Insurance: Luck is Not a Strategy!

Why You Need Accident Insurance

What will you do if you have an accident next week? How will you handle the medical bills? What if you can’t work? Have you thought about it? Or, are you just hoping your luck holds out? When it comes to your health, your money and your life, luck is not a good planning strategy. Unexpected accidents (are there any other kind?) can wreak havoc on your savings and your life. An accident insurance plan can give you a cushion to help cover medical and living expenses if you do... Read More