Health Insurance - Are supplied by your employer or purchased by you-can be complex and costly. To better understand the choice and control the cost of your health insurance, consider the tips and advice from the National Association of Insurance Commissioners (NAIC), a voluntary organization of state insurance regulatory officials:
Know your options
• Married couples in situations where both spouses are offered health insurance through their jobs should compare the coverage and costs (premiums, co-pays and deductibles) to determine the best policy for the family.
• Always stay in the network when possible, making sure to get referrals and pre-certifications as required by your plan.
• Save all receipts for medical services, whether in - or out-of-network. If you exceed your deductible, you may be eligible to take a tax deduction for daring medical bills.
• Consider opening a flexible spending account (FSA), if your employer offers one, which allows you to set aside pretax dollars for medical expenses are bold.
• If you lose or change jobs, be aware of your rights to continue your group health coverage from your former employer for up to 18 months (though you have to pay the premiums), as provided under COBRA (consolidated Omnibus Budget Reconciliation Act).
Health Insurance Tips for
Different life stages
NAIC's consumer Web site, make sure U, (in www.InsureUonline. Org) describes the types of health insurance and gives focused tips to consumers based on their needs may be in different life stages. As an example:
• Young singles that may not have a full time job that offers health benefits should be aware that in some countries, dependents single adult can continue to get health insurance for a long time (ranging from 25 to 30 years) under the health insurance policies of their parents.
• Young couple expecting a child should make sure they register their babies with health insurance providers within the required time limit.
• Established Families with children should consider flexible spending account if it is available to help pay for the common problem of Medicine childhood as a test of Allergy, braces, and a replacement for the missing glasses, followers, and the like, which are often not covered by health insurance basic.
• Empty nesters / seniors are under 65 and no longer should work, but who have exhausted COBRA benefits, research the high-deductible health plans. At this life stage, consumers can evaluate whether long-term care insurance makes sense for them.