Reduce you health insurance costs with the use of a concept called a Health Savings Account – HSA. This concept has two components. Component #1 is a traditional health insurance policy with a high deductible. The premium for this type of policy is lower than an HMO for example. Component #2 is an actual savings account (HSA) with huge tax advantages. BETTER THAN AN IRA!!!!!! Tax free growth. Want to know more????
It seems to me that in addition to realizing that healthcare costs more every year due to medical advances and technology, healthcare costs more due to the fact that we do not question costs in the system. When is the last time you asked a hospital what your MRI was going to cost? For an idea of the huge disparity in costs from one facility to the next, visit www.nhhealthcost.org . Let me know what you think??
The high cost of health INSURANCE can be directly tied to the high cost of health CARE. Why does the care cost so much? That is the million dollar question. There are many reasons for the high cost of care. I will outline one that we all forget here. TECHNOLOGY. We all want it when we are sick or hurt.
Decades ago we had X-Rays, yes old fashioned X-rays. Today, we have MRI’s, CAT Scans etc. When we are sick or hurt, we want the latest imaging technology to be employed to diagnose our issue or pain.
Decades ago, we had aspirin. Today we have all kinds of pain killers, cholesterol lowering drugs, mood altering drugs etc. I could go on and on.
Would you like to purchase a health insurance policy that does not cover those fabulous things? When we pay the premium yes. When we need care, no way.
Food for thought! Share yours thoughts!
Health Care costs in New Hampshire continue to rise for a multitude of reasons. The reasons are very complicated and interconnected. This blog will be attempting to raise the level of awareness, empower the consumer and frame a discussion of the possible solutions.
