Comments on: The High Deductible Health Plan http://financialducksinarow.com/1917/the-high-deductible-health-plan/?utm_source=rss&utm_medium=rss&utm_campaign=the-high-deductible-health-plan Articles about retirement savings & income, investing, and income tax Fri, 03 Feb 2012 13:46:42 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: jblankenship http://financialducksinarow.com/1917/the-high-deductible-health-plan/#comment-493 jblankenship Wed, 30 Dec 2009 16:26:23 +0000 http://financialducksinarow.com/?p=1917#comment-493 Thanks for the links, @Jordan - looks like some useful information. jb Thanks for the links, @Jordan – looks like some useful information.

jb

]]> By: jordan http://financialducksinarow.com/1917/the-high-deductible-health-plan/#comment-491 jordan Wed, 30 Dec 2009 15:47:41 +0000 http://financialducksinarow.com/?p=1917#comment-491 Ive been doing alot of reading about these <a href="http://www.highdeductiblehealthplanstoday.com" rel="nofollow">high deductible health plan</a> lately as Im about to obtain one through my job. I admit, at first it seems like alot to pay for, but there is a chance for some big savings as well. These plans are usually accomodated by a HSA, HRA, or FSA, into which you put a certain amout pretax, and said money can be used to pay for medical expenses, or go towards your deductible. It saves the company money, which in the long run, lets you keep your job, which is nice in this economy. And even though you have to pay everything up to your agreed deductible amount, everything after is covered, with perameters of your plan. Another bonus is that, if you use the Doctor infrequently, the money in HSA, is your money,and it accumulates. If you leave the job, that money is still yours. There are pros and cons to every situation. I have posted a couple links I found to be very useful. I hope they help in your search for info. http://www.youtube.com/highdeductiblehealth http://highdeductiblehealthplan.blogspot.com/ Ive been doing alot of reading about these high deductible health plan lately as Im about to obtain one through my job. I admit, at first it seems like alot to pay for, but there is a chance for some big savings as well. These plans are usually accomodated by a HSA, HRA, or FSA, into which you put a certain amout pretax, and said money can be used to pay for medical expenses, or go towards your deductible. It saves the company money, which in the long run, lets you keep your job, which is nice in this economy. And even though you have to pay everything up to your agreed deductible amount, everything after is covered, with perameters of your plan. Another bonus is that, if you use the Doctor infrequently, the money in HSA, is your money,and it accumulates. If you leave the job, that money is still yours. There are pros and cons to every situation. I have posted a couple links I found to be very useful. I hope they help in your search for info.

http://www.youtube.com/highdeductiblehealth
http://highdeductiblehealthplan.blogspot.com/

]]> By: Health Savings Accounts – The Basics, Part 1 – Getting Your Financial Ducks In A Row http://financialducksinarow.com/1917/the-high-deductible-health-plan/#comment-454 Health Savings Accounts – The Basics, Part 1 – Getting Your Financial Ducks In A Row Wed, 16 Dec 2009 13:28:01 +0000 http://financialducksinarow.com/?p=1917#comment-454 [...] medical expenses.  The HSA must be used in conjunction with a High Deductible Health Plan (HDHP).  The HSA can be established using a qualified trustee or custodian that is separate from the [...] [...] medical expenses.  The HSA must be used in conjunction with a High Deductible Health Plan (HDHP).  The HSA can be established using a qualified trustee or custodian that is separate from the [...]

]]> By: Dennis Dobecki http://financialducksinarow.com/1917/the-high-deductible-health-plan/#comment-449 Dennis Dobecki Tue, 15 Dec 2009 16:29:46 +0000 http://financialducksinarow.com/?p=1917#comment-449 There is tremendous savings in the monthly premium when you switch from a traditional PPO health plan to a high deductible health plan. There are higher out of pocket costs involved. When you receive any medical bill not paid by your insurance, you should refer the bill to a medical bill negotiator before you pay it. For any bill over $200, you can send it to <em>one of many fine medical bill negotiators (google it!).</em> They review and negotiate the bill on your behalf. They keep a portion of the savings, and there is no fee if there is no savings. <em>Note: Italicized portion edited by jb to remove blatant solicitation</em> There is tremendous savings in the monthly premium when you switch from a traditional PPO health plan to a high deductible health plan. There are higher out of pocket costs involved. When you receive any medical bill not paid by your insurance, you should refer the bill to a medical bill negotiator before you pay it. For any bill over $200, you can send it to one of many fine medical bill negotiators (google it!). They review and negotiate the bill on your behalf. They keep a portion of the savings, and there is no fee if there is no savings.
Note: Italicized portion edited by jb to remove blatant solicitation

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