How to Save Money on Prescription Drugs
April 26, 2013
We all have a healthcare cost “war story” to tell – usually several – but one area of rising concern is prescription drugs. We seem to be more dependent upon prescription drug therapies than ever before, and many people are on more than one. But like all things related to health care, prescription drug prices [...]
Why Catastrophic is Better than No Health Insurance at All
March 18, 2013
A lot of people are turned off by the very mention of catastrophic health insurance. It may be that some see it as inadequate coverage, while others see it as a mystery concept filled with unimagined traps. But is that the real truth? In most cases having catastrophic is better than having no health insurance [...]
5 Things You Can Learn from Your Explanation of Benefits
February 5, 2013
A few weeks after a healthcare visit, you should receive what is known as an “explanation of benefits” (EOB). The EOB provides information about your visit, as well as information about what the insurance company covers, and your end of the bill. When you receive your EOB, it’s important to read through it, since there [...]
How Better Health Translates into Financial Success
February 4, 2013
Better health may be the most underrated component of financial success. But if you realize that your body is your “vehicle” in life, the possession through which all other activities are possible, you begin to realize the magnitude of this connection. There’s virtually nothing you can do in life without good health, and the better [...]
Getting Short-term Health Insurance Policies
October 25, 2012
No one should ever be without health insurance coverage, not even if it’s just for a few months. A single large medical situation can leave you saddled with tens of thousands of dollars in medical bills. And what if you lose your job? There is a way to deal with this, short of super expensive [...]
Best Gym Membership Deals
January 8, 2012
Gym membership deals seem to be everywhere this time of the year. We’re one month into a new year – you promised yourself it was time to get healthy as part of your New Year’s resolutions, but have you? It isn’t too late to start now. Gyms usually see a large influx of customers in [...]
Year-End Health Moves for Better Financial Fitness
December 21, 2011
As the end of the year approaches, it’s a good idea to evaluate your health situation — especially as it relates to insurance — and make a few moves that can save you money. You might be surprised at your options, and you can improve your financial situation with a little help from some of [...]
High Deductible Health Plans Here to Stay?
November 13, 2011
Open enrollment is here again and we had to make a decision about using a high deductible health plan (HDHP) before last Friday’s deadline. Last year was the first time that we used a HDHP with a health savings account but this year we were considering switching back to a traditional insurance plan since we’re [...]
Choosing Health Insurance & Hospital Rip-Offs
December 4, 2010
Health insurance is a popular subject towards the end of the year as many people go through open enrollment to signup for the following year and try and spend their funds before the flexible spending account deadline. I’ve been thinking about it a lot this last month as we finally made the move to a [...]
Section 105 HRA Plans
October 13, 2010
This article on Medical Reimbursement and Health Rearrangement Plans comes from Timothy Wolfe, a Chicago based tax and business specialist who shares his expertise online at Chicago Business Advice. A while back I looked at flexible spending accounts vs health savings accounts and Timothy left a comment about Section 105 HRA plans. Since I wasn’t [...]
