Term of The Week
patient care advocate:
In the medical field, a person who focuses on bolstering the patient's role and rights in making decisions about his or her health care.
Larry's Tip of The Week
Health insurance options after a job loss
According to the Kaiser family Foundation about 60% of American workers are covered by health insurance plans offered by their employers.
With the recession and the expectation that a growing number of Americans are finding themselves not only without a job but also without health insurance, for our “tip of the week”, I wanted to point out some things that you can do to protect yourself and your loved ones until you get back on your feet.
If you can qualify through the medical underwriting process, consider purchasing individual coverage. Premiums are generally less expensive than group coverage because the insurance company can choose who they want to cover and exclude conditions that exist prior to purchasing coverage.
Consider purchasing a higher deductible to save money on the premiums and look at the insurance as something to cover a catastrophic situation. Opt out of the doctor visit co pay benefit. You will save several hundreds of dollars per year in the premium and doctor visits will be covered once the deductible is met. Keep in mind, it’s the large catastrophic medical bill that could bankrupt you as opposed to the small claim
By using a PPO option in your health insurance you will get substantial discounts on your medical expenses as long as you use the providers in your PPO network.