We all have heard horror stories of hospitals charging $75 for an aspirin. The truth is that there is some administration fee incorporated into that $75, but nonetheless it does seem a bit steep. The result, however, is that these stories cause people not to trust hospitals with regard to their bill. Overbilling is not an uncommon thing, and it is always a good idea to review a hospital bill line by line.
One young nurse recently had an eye opening experience as she was reviewing the bills from her husband’s recent hospital stay. It appears he had been scheduled to be released on a particular day, and that wasn’t communicated somehow, causing him to have to stay an extra day. There were excessive charges for administering medication 7 times per… Continue reading
For millions of American’s facing financial difficulties, finding affordable health insurance is an urgent necessity. Finding the right coverage can be a daunting task, trying to compare co-pays, deductibles, and insurance terminology can be very confusing. Fortunately the internet has made this much more efficient than it use to be. There are now many free online services, which can compare plans from many insurers side-by-side. However, before you begin, you need to understand the some of the options that are available to you and they could save you money.
You can obtain medical insurance coverage from a variety of sources. If your employer offers a sponsored group insurance plan, you can take advantage of it. Such plans are convenient because the research has been done for you and the premiums come… Continue reading
As the ranks of the unemployed continues to swell each week, thousands of American’s are searching for ways to make their money go further. For families, often one of the most frightening realities they face is when they are told the cost to continue on their employers’ health insurance through COBRA.
In regards to medical insurance, COBRA or Consolidated Omnibus Budget Reconciliation Act provides for a continuation of group health insurance following the end of employment. This is a welcome relief for many people because it means that finding alternate medical insurance coverage is less pressing than it would otherwise be. COBRA generally lasts for up to 18 months and is at the expense of the individual. While the group rate you had while working is still in effect, under COBRA… Continue reading
Health is wealth. That’s a fact. But in this days of slashing down costs, health insurance might come under the ax. However, this doesn’t have to be the case if only you use and apply the following…
Contribute more; save more. How much do you accept to contribute out of your pocket each time you visit your doctor? This amount which you contribute is known as your co-pay. Raising your co-pay reduces your premium. If you rarely ever need to see a doctor, you may save a lot by selecting a high co-pay.
Also note that you’ll pay less for a group plan than otherwise. So for those who have the privilege of using a group plan, it presents an the avenue of paying lower rates than otherwise..This becomes even more so… Continue reading
Most college students think of themselves as invincible, but medical insurance for college students is important.
Even if you’re young and in good health you can have an accident or develop an illness. Several options are available if you’re a college student who needs cheap health care coverage.
Your Parents’ Plan May Still be an Option
Many parents’ insurance plans cover dependent children as long as they’re full-time students. Other plans cover full-time students up to a certain age, usually age 22. Staying on a parental plan is generally the least expensive option.
If you decide to stay on your parents’ plan you need to do some checking to see if their plan is an HMO or PPO. If so, you need to find out if any health care providers in your new town… Continue reading