If I told you that a third of consumers admit that their knowledge of health insurance is lacking, would you be surprised? As insurance and health care becomes more and more complicated, with High Deductible Plans, Health Savings Accounts, Point of Service Plans, Preferred Provider Organizations Plans, copays, coinsurance, deductibles, premiums, etc., it’s no wonder people can’t keep up.Continue reading “The Importance of Total Consumer Health”
When it comes to planning for retirement, the process seems pretty simple: contribute to your IRA or 401(k), put extra savings aside each month, and reduce your spending as much as possible as you get closer to retirement. Once you are ready to retire, you should be able to rely on a combination of your investments, Social Security, your savings and Medicare to cover your needs.Continue reading “Surprising Expenses You Don’t Expect When Planning for Retirement”
Health Care has been the essentially the same for decades. You call a doctor, make an appointment, and then visit their office to get your issues addressed. Whether it’s for being sick or just routine care, the process is pretty much the same. It’s an in-person, at-the-office experience for more or less everyone. We take time off of work, drive to the doctor’s office, and spend at least an hour or two out of our day for the process. But with advances in technology and more and more things being done online or remotely – is that the new future of health care? For some, it will become the norm.Continue reading “Health Care and the Future of Remote Care”
Health care as we know it is changing and due to the political nature of the subject matter, no one can really predict where we will be over the next couple of years. What we DO know is that technology is becoming increasingly an option to serve the public and save dollars for both the patient and the industry as a whole. Telemedicine is one such technology that was once an option only for the minority– private physicians on call for the wealthy or delivering medical access to people living in remote areas – but has now become very widespread to just about any demographic.Continue reading “The Effect of Telemedicine in Today’s Health Care Marketplace”
The trend toward employers offering high-deductible health plans (HDHP) — and no other option — seems here to stay, like it or not. HDHP coverage is growing at a 15% pace, annually. In 2005, such plans covered 1 million people. Now, they cover more than 15 million, including 10% of those in Connecticut who are under 65 and have private insurance.
Some consumers fear a HDHP because they worry about being on the hook for that deductible, should they need significant medical care. The silver lining, though, is the ability to pair an HDHP with a tax-advantaged Health Savings Account (HSA).