Wednesday, February 4, 2009

What happens if you fall sick and are one of 47 million people in America without health insurance?

Uninsured Residents Receive Free Health Care in Virginia

An Article on Health Savings Accounts(HSA's) Any thoughts?

Keeping Your Health Insurance Premiums Low
by: Wiley Long
Health Savings Accounts offer tax deductions for medical expenses, and the opportunity to set up an additional retirement account. But regardless of any other positive benefit of HSAs, lower premiums are the primary reason that thousands of Americans have chosen Health Savings Accounts as the best way to protect their family's health and assets. Here are some key suggestions on how to keep your health insurance premiums low. 1. Choose an HSA-qualified plan for lower rate increases. Average group health insurance premiums rose by 9.6% last year and rose over 10% for each of the previous six years. Individual plans went up even more. Yet it is expected most HSA plans will experience much lower rate increases. A very large study was recently published showing that rate increases over the past year for consumer-driven plans such as HSA plans was only 3.4%. Blue Cross of Minnesota has reported that its HSA customers spent 8% less than their traditional insurance clients. Humana has reported claims' costs of 4.9% for consumer-driven plans, versus a 19.2% increase in claims for other plans. In fact, average HSA premiums for individuals have actually dropped 19.5% over the last two years. The reason these plans have lower rate increases is that people who have HSA-qualifying high-deductible health plans are likely to pay closer attention to costs, and take better care of their health. For instance, an HSA owner offered a statin drug to lower her cholesterol may be more likely to request a generic version, or ask her doctor if inexpensive nutritional supplements such as niacin or fish oil may be a solution. These actions save the insurance company money and should result in lower rate increases. 2. Raise your deductible as your HSA account grows. When you fund your account you build up a financial "cushion" which allows you to raise your deductible as your account grows. Every time you raise your deductible, your premium should go down. By the way, don't forget that every time you fund your account you get an instant tax-deduction. When you offset the tax savings against your premiums, you'll find your net cost for an HSA plan can be very low. The maximum allowable contribution goes up every year with the rise of the Consumer Price Index. Currently, the individual contribution limit is $2,700, and the family limit is $5,450. So each year you can deposit greater amounts into your HSA and continue to raise your deductible, if you choose. 3. Stay healthy, so you can switch plans. All health insurance plans have rate increases, and we’ve even seen premiums jump on some HSA plans. If a rate increase happens to you, you can switch to a different insurance company – but only if you pass their underwriting requirements. If chronic disease develops, you may be stuck with your current plan, and its accompanying rate increases, for eternity. Or at least it may seem that long… If you pay attention to the pharmaceutical commercials, you learn lifestyle really has nothing to do with disease, and it is natural and healthy to be on many medications for the rest of your life, which will then solve your health problems. If you pay attention to the science, you know the truth is quite different. It appears lifestyle is probably 95% of the picture, and we know the occurrence of degenerative disease can be dramatically reduced and even prevented. Fortunately, most HSA owners are interested in health, wellness, and disease prevention. After all, they’re paying for their own doctor visits if they do get sick. HSA owners are also "forward thinking" people, and like to plan for their future – both financial and physical. You can improve your odds of excellent health with just a few key habits:
Eat very high quantities of fresh vegetables and fruits. Shoot for 35% of your calories. This will lower your risk for diabetes, high blood pressure, heart disease, cancer, and much more.
Limit your intake of sugar and starchy carbohydrates like bread and pasta. The majority of health problems in the U.S. are related to metabolic diseases that involve insulin resistance.
Exercise and lift weights. Exercise guru Jack La Lanne turns 93 on September 26, and he says if you have muscles you never feel old.
4. Compare your plan to other available plans at least once a year, or whenever you get a rate increase. Often-times people keep their plan much longer than they should, and end up paying too much. If your rates go up, you should compare a wide variety of plans to determine if you are in the right plan for your needs and budget. By using these four strategies, the typical family can save thousands of dollars in health insurance premiums and still protect themselves against unexpected major medical expenses.
By Wiley Long - President, HSA for America ( - The nation's leading independent health insurance firm specializing in individual and family coverage that works with a Health Savings Account.

Tuesday, February 3, 2009

My Strategy for Health Care Now

At this point I have a really inexpensive temporary plan for casastrophic emergencies and I will be visiting the low cost clinics for preventative services. I will keep researching to see what options are available to people like us who do not have the employer based insurance. I urge everyone to do their own research because insurance laws vary from state to state. In your state you may be able to get a better deal than me. For example if I wanted to get coverage that is comparible to the one offered by my last employer I would have to pay more than $600 a month (individual coverage) . It's just not affordable for me. So until the government fixes this mess we will have to get healthcare somehow. It's time to get creative. What has failed or worked for you?

The clinic

The free/low cost clinic that I went to a few week ago messed up on my bill. I paid the medical assistant the full amount after the service and they sent me bill for the full amount again! Urrgh and they will not even return my call. I felt like I was getting somewhere with finding this place and I am already disappointed.

Health Insurance

Monday, February 2, 2009

This sums it up for many

Short-term, Temporary Health Insurance

Short-term or Temporary medical insurance can provide coverage for a limited period of time, and may be a good solution for those between jobs or waiting for other health insurance to start. This form of coverage is offered by a select group of insurance companies and features coverage from one-to-12 months. This can be a good* option for those between jobs, when COBRA is not available and you do not have* significant pre-existing conditions.
I found these to work well for me when I was struggling in the beginning. Of course I had no significant health issues so it was easier to get accepted. Pre-existing conditions were not covered and I had to reapply every time the policy ended at either the 6 or 12 month point. I felt much more secure knowing I had some type of coverage.

COBRA, to be or not to be?

A Federal law called COBRA (Consolidated Omnibus Budget Reconciliation Act) give workers the right to continue coverage under their employers' group plans after they change or lose jobs. It can also apply to children who no longer qualify as covered dependents because they are no longer full-time students. COBRA can be continued for up to 18 months. This law applies to companies with group health plans that cover 20 or more workers. The major drawback to COBRA is the fact it is not affordable for the average person because you will be paying the full cost of the coverage. The average monthly premium for an individual policy in 2008 was $392 and for a family it was $1,092. I can tell you, when I left my job I knew could not afford COBRA as an option. What about you ? Have you had any luck with COBRA?

I have started researching free and low cost clinics

I found a low cost clinic near me. They only take same day appointments and you do wait forever to see someone, but the prices are not bad. It will cost me $72.00 for a physical. It felt good to be able to pay for health care at a decent price. I could really see a future for low cost independent clinics for those of us who do not have any insurance and do not qualify for any government programs.