Health Insurance

Ah, that wonderful time of the year. The time when open enrollment begins for health insurance. The company I work for is getting ready for open enrollment for benefits for 2015. They provided a "tip sheet" I thought I would share with you all in case you are interested.

* When evaluating healthcare options, it is important to consider cost and coverage. Some plans cover a lot but might cost more. Other plans may not cost as much but might have higher copays or deductibles. A copay is the amount you would pay for a service, such as a doctor's visit or lab test. A deductible is the amount you must pay before your insurance starts to pay its portion of costs for a covered health expense. The deductible could be as low as a few hundred dollars or as high as several thousand dollars. Most plans cover a certain percentage of healthcare visits after the deductible is met. For example, if the insurance plan covered 80% of doctor visits and the doctor you use charges $100 for a visit, that means you would pay $20 for the visit.

* Determine what doctors and hospitals you can use. Some plans have their own doctors / hospitals, such as an HMO plan. Other plans have in network or in plan doctors and hospitals. If you get treatment outside of the plan guidelines, the cost of that treatment is often your responsibility so it is important to know the coverage limits.

* Some plans cover other services such as vision, supportive therapies (occupational / physical / speech). It is important to review that in making a plan choice.

* It is important to really review the covered services for each plan offered in order to make an informed decision. Only YOU know what services you need and you can choose a plan that best meets those needs.

This is good to know. One thing I learned is that with some policies, if you create an online account, you can access other discounts provided by the insurance company. These are usually things like gym membership discounts, or savings on alternative medicine therapies like acupuncture and massage. Sometimes, there are also discounts on vision centers or dental services even if you don’t have an actual insurance plan for those.

I have humana ins. and really love it. im not working so my deductible is 500 .

Yes, those are good points, Grumpycat, thanks. Also, some insurance plans offer classes or webinars / online health education. Often these are on a variety of topics and sometimes are even free. My insurance even offers Pilates (there is a charge but it is minimal) as a way to stay healthy. It is great to check out all the potential options with each plan. Hugs!!

Short and long term disability is usually offered at this time. I have been off work for over a year and don't know what I would have done without this coverage.

Great point Purplebutterly. I know in some states (California) short term disability is taken automatically from your paycheck but you can often purchase supplemental long term disability plans. When I lived in Colorado, I had to purchase both types of disability plans. Thanks for the awesome suggestion!