It is a question for which the answer changes every year. According to a recent national human resources survey, insurance premiums increased again this year, and deductibles increased substantially. That means that people who are trying to determine the cost of health insurance, and how much will need to come out of their pocket in terms of premiums and deductibles, have a new answer every year. Here, we will deconstruct the components of health insurance costs and provide some tips for how you can keep them in check.
Health Insurance and Medical Bill Planning When You are Expecting
You are pregnant, anxious and excited about the new addition to your family. You’ve read all the baby books, are wearing maternity clothes, and took the birthing classes. The baby room is painted and the crib is set. What is left? Let’s spend a minute making sure that what could be a multi-thousand dollar event is handled correctly from a financial standpoint.
The most common questions we receive are ones regarding basic health insurance facts. Health insurance is one of the more complicated personal finance or family budget topics that most people have to learn about and deal with. Not only is it complicated, but asking a question about health insurance facts could have many different angles: Did you mean how does insurance work when you need to file a claim? Or what kinds of medical services does it cover? Were you talking about the process of getting health insurance through your employer? Or does your employer not offer it (or you are retired or unemployed) and you are asking about buying health insurance on the open market?