Posts Tagged ‘HSA Insurance Plans’

What is Preventive Medicine for Men?

Men never seem to go to the doctor, but it is not because they should not go.  Preventive medicine, preventive screenings, preventive health applies to men as much as women.  Where does a man start?  He starts with his doctor, and regular checks of his health for those little problems that can develop into severe disease or debilitation later, if left unchecked.  Here is a list of necessary preventive screenings for men.

And, also get some tips on preventing medication errors.

For low cost individual health insurance, click here.

Body Measurement

What is Preventive Medicine for Women?

There is a saying in medicine, adopted from Benjamin Franklin, “an ounce of prevention is worth a pound of cure”.  Deep thought is not required to interpret this famous quote.  You can ask yourself a simple question, a million different ways, and understand the meaning and importance of it.  Would you rather have one cavity or ten cavities?  Would you rather take blood pressure medicine or have a stroke?  Heart attack or Lipitor?  It goes on and on, but the point is always the same: catch a little problem before it becomes a big problem.  That is the idea behind preventive medicine, preventive screenings, and preventive health.

How to Prevent Medication Errors

From the period December 1, 2011 until February 20, 2012, a CVS pharmacy in New Jersey mistakenly gave children prescription medication for breast cancer instead of the correct fluoride medication, as prescribed by their doctor.  That is no laughing matter, and not necessarily an isolated incident.   At least one death occurs every day and 1.3 million people are injured annually due to medication errors in the United States, according to the FDA.  Learn some easy, practical ways to prevent errors for yourself and loved ones.  And, also get some tips for saving money on prescription medication.

Tips for Saving Money on Prescription Drugs

It used to be fun to go to the drug store to have a prescription filled.  While waiting for the pharmacist to fill the prescription, you could browse the aisles of the store and pick up all sorts of things:  a treat for the kids, a get well card for your aunt, gum for your car, new lip balm….the possibilities were endless.  Now, the magic is gone because when the pharmacist rings up your prescription, the staggering cost leaves no extra money for extra dental floss, magazines or an extra set of nail clippers.  Here are some tips to save money on those prescription drugs sometimes as much as 90%!

Shopping for Health Insurance, 10 Questions You Need to Answer

This is open enrollment time, when Americans that have health insurance through their work can review their health insurance coverage. And if you do not have health insurance, all of the advertisements about open enrollment may motivate you to consider getting a health insurance plan. Where to start? What do you need? What are your options? Here are 10 questions you need to answer when shopping for health insurance or reviewing your health insurance coverage.

1) Relationship status: single, married, family? Has your status changed? Are you going through a divorce?

Is an HSA right for you?

So you have committed to getting an individual health insurance plan, you are beginning the challenging process of reviewing plan options, asking peers, and you hear about an HSA, maybe it is right for you. But, what is an HSA? A Health Savings Account (HSA) is a savings account that allows you to set aside money for health care tax-free, think of it as a Christmas Club for your health. You must have high deductible health insurance to open an HSA. Different from other benefit products, an HSA rolls over from year to year (there is no “use it or lose it”), interest is paid, money can be invested in mutual funds, and it is owned by you, individually.
An HSA has many distinct advantages:
-you pay less each month for high-deductible health insurance
-you receive tax advantages on multiple levels: pre-tax contributions to your HSA, tax-exempt interest and investment gains on your HSA, and tax-free withdrawals for qualified medical expenses
-you have complete control over your healthcare dollars, save or spend, it’s up to you
-your HSA is an account that you own and remains in place regardless of where you work or what company insures you
-there are a wide range of eligible medical expenses not typically covered by low deductible health insurance or other healthcare accounts
-your HAS contributions can be directed toward long-term investment vehicles, such as mutual funds, to maximize future value
EXAMPLES:
Here are two great examples of an HSA in practice:
Mary is a single, self-employed, female living in Los Angeles. Her annual income is $60,000. She has an HSA and a high deductible insurance plan, her annual deductible is $3,000. Her monthly insurance premiums on the plan are $150, and she contributes $100 per month to her HSA. She uses the money in her HSA, tax-free, to pay for her contact lenses, as well as acupuncture.
The Barnes family, a family that includes a husband and wife and two children ages 3 and 6, has an annual income of $75,000, a $4,000 deductible and an HSA. They contribute $1,000 at the beginning of each year, and use the account to pay the cost of speech therapy for heir youngest child, tax free.
An HSA might be right for you, consider applying for one, in conjunction with your high deductible insurance plan.

Powered by WordPress