Tag: healthcare

hmo vs. ppo

PPO vs. HMO Health Insurance

Having choice is awesome and when it comes to types of healthcare plans, you might have a glut of it.  In this article we’ll take you through the difference between PPO and HMO health plans to help you make a more informed decision.

“PPO vs. HMO Health Insurance”

hmo costs

Expected HMO Costs

HMO health plans are often the more affordable option for healthcare but costs of these individual plans can vary widely, even within the same HMO provider.  Here’s an outline of the general costs you can expect and an explanation on how those can go up or down depending on the category of plan you choose.

“Expected HMO Costs”

lower medical costs

How to Lower Your Medical Costs

Taking care of ourselves is an increasing financial burden. The Kaiser Family Foundation reports that in the 10 years through 2016, employees’ with health insurance coverage have seen their share of costs rise more than 50%  on average while wages have, on average, risen less than 30%.

“How to Lower Your Medical Costs”

expected health costs

The 4 Most Common Health Insurance Costs

When you’re comparing healthcare plans it can be difficult to decipher what your actual annual cost will be.  Unfortunately, you won’t know for certain how much you’re going to pay each year because like anything, what you pay for medical services will largely depend on the services you need.  But here’s an overview of the four most common health insurance costs you should be aware of.

“The 4 Most Common Health Insurance Costs”

employee healthcare guide

The Employee’s Guide to Buying Healthcare

If your employer is offering you healthcare, congratulations!  Hopefully that means they’re also sharing some of the cost.  If they’re not sharing some of the cost, consider the plans they’re offering in conjunction with plans offered on Healthcare.gov.  Here, you might be able to find the same or better plans for cheaper as you might also qualify for a tax credit.  For a guide to buying healthcare as an individual check out our guide here.

“The Employee’s Guide to Buying Healthcare”

savvy healthcare

The Savviest Healthcare Consumers

HSA consumers make thoughtful choices when it comes to healthcare spending. 

A recent survey of over 1,400 participants revealed that HSA participants are more savvy healthcare consumers as it relates to healthcare concepts and savings. This includes healthcare terms and documentation. Basically, navigating the jargon in the health space to find better (and more efficient) savings.

“The Savviest Healthcare Consumers”

Changing Health Insurance

Moving from a PPO or HMO to an HDHP and HSA

Moving health insurance plans (or providers) is the most important benefits decisions you will make this year. It affects both your health and your wealth.

Health insurance is designed to deliver medical care and access, with set financial parameters. With that in mind, we will review why this goal can become somewhat convoluted and complicated when selecting a health plan.

“Moving from a PPO or HMO to an HDHP and HSA”

health insurance

What is Health Insurance?

Health insurance is a specific type of insurance coverage that covers medical and healthcare expenses. Health insurance reduces financial risk by reimbursing individuals or paying the provider directly for predefined costs in exchange for monthly premiums. Health insurance covers healthcare costs.

“What is Health Insurance?”

cheap vs. value insurance

Cheap vs. Value Insurance

Comparing insurance plans is about as easy as deciphering Egyptian Hieroglyphics. The verbose terms and legal jargon might as well be in a foreign language. The language is designed to confuse you. It can mask important cost scenarios that will affect your out-of-pocket expenses.

“Cheap vs. Value Insurance”

HSAs and Healthcare

HSAs and Healthcare

Deciding which healthcare plan is right for you is like trying to get a jumbo jet to land on a railroad track. Premiums. Out-of-pocket costs. Coverage. Blah! They all seem more complicated than the next. Healthcare is a moving target that changes from year to year, plan to plan, and is further complicated as you age (and your costs rise) or as your lifestyle changes. Understanding that you can use other existing benefits to create a more robust health experience, might seem like the last thing you want to do. In this case, more benefits might actually reduce the complexities of your healthcare. Before we get into that, let’s break down your health insurance considerations.

“HSAs and Healthcare”

best hr benefits

Best HR Benefits

Free drinks. Multiple restaurants. Sleep pods. Messages. Lounges. HR benefits feel more like a cruise ship than an office setting these days. As more companies expand benefits offering, in a competitive market, others companies must follow. We are left with a laundry list of benefits – some not worthy of the explanations they require.

“Best HR Benefits”

2018 healthcare report

2018 Healthcare Report

Rising out-of-pocket health costs and limited policy change will shape the consumer health experience in 2018. Healthcare coverage and services will be more expensive this year as an acceleration of trends from 2017 continue. There are a few positive trends that will help save you money. Generally speaking, we are simply left doing more with less. This is our 2018 healthcare report.

“2018 Healthcare Report”

open enrollment advantages

The Advantages of Open Enrollment

Open enrollment means options. You are given time to compare, review, and select your healthcare plan based on your expected needs. From there, you can add auxiliary benefits and health savings tools, like the HSA, to better optimize your cost and benefits experience.

“The Advantages of Open Enrollment”

I just signed up for healthcare

I just signed up for Health Insurance. What to do Next

In the first two weeks of open enrollment, 1.46 million Americans have signed up for individual healthcare through healthcare.gov. That is a 46% increase over the same period last year. Couple that with the traditional employer open enrollment that is happening in offices all across the country and millions upon millions of Americans are reviewing, comparing, and selecting healthcare over the last and next few weeks.

“I just signed up for Health Insurance. What to do Next”

Free HSA

Free HSA Provider

Saving for health costs can be tedious, frustrating and downright expensive. Healthcare costs only continue to rise. The certainty of healthcare in the US remains confusing. This is likely why the concept of “free” with “healthcare” is like trying to force a round peg into a square hole. Traditional HSA providers have been another piece of this cost-centric system.

“Free HSA Provider”

Open Enrollment Series

Am I OK, Will I Be OK? – Open Enrollment Series

“Am I OK, Will I Be OK?” And Other Questions Open Enrollment Cannot Answer, But May Help

Open enrollment is here.  While many see the annual ritual of reviewing current health coverage and studying upcoming benefit changes as yet another chore, multiple research studies, backed up by behavioral theory, suggest something larger is at work.  Your choices create a financial wellness generator capable of building long-term security for you and your family.

“Am I OK, Will I Be OK? – Open Enrollment Series”

Lively and Candor Insurance

Lively and Candor Insurance

Lively is pleased to team up with American’s health companion, Candor, to make Health Saving Accounts (HSAs) eligibility and enrollment easier and clearer than ever. Lively is a modern HSA platform for individuals and employers. And Candor is the health companion that enables Americans access to the solutions they need to achieve a state of complete physical, mental, and financial success.

“Lively and Candor Insurance”

Open Enrollment 2018

Open Enrollment 2018 Details

Effective today, November 1, 2017, healthcare open enrollment for 2018 has arrived! This year, open enrollment for the health insurance marketplace is a bit shorter than in previous years. The good news is, we are here to provide the crucial details you need to get healthcare coverage in 2018.

“Open Enrollment 2018 Details”

Open Enrollment 2018

Open Enrollment 2018 Strategy

It’s the busy time of year for all benefits managers and HR experts – like tax season for accountants. As part of that, we wanted to review the goals and considerations of open enrollment and take a new approach to the classic employer problem – balancing increasing benefits costs with value.

“Open Enrollment 2018 Strategy”

health insurance

Comparing Health Insurance Plans

Open enrollment is right around the corner, or for many of us, it has already started. Open enrollment is a perfect time to review your health insurance considerations. Not just because it’s required, but because healthcare costs are a top expense for many US households. Finding the best health insurance plan for yourself or your family could save you money, time and finally grant you peace of mind for all your health expenses.

Automated Health Savings

Automated Health Savings

Isn’t it so great when something just automatically happens for you? No effort, no time wasted, no cornering thoughts. Things go as expected and you can just forget about it. An HSA just might be the easiest and best thing you can do for your health.

Health costs

How to Pay for Healthcare Costs

The most common criticism of HSAs is that they don’t help pay for medical expenses and as such, they are often pigeoned holed as a great savings tool for the young or wealthy, but not help for the average American. We think this is mostly a misconception. Let me show you how to use an HSA, even if you can’t make regular contributions, due to financial constraints.