People looking for alternative ways to get treatment for health issues are discovering telemedicine. Working-from-home and social distancing practices in recent months has increased awareness of telemedicine. Even before the onset of COVID-19, over 60% of health insurance plans, health institutions and hospital systems were offering telehealth as a viable, cost-effective and convenient option to … Continue reading Telemedicine: Overcoming barriers
Ever since High Deductible Health Plans (HDHPs) emerged on the health insurance scene combined with the myriad of savings accounts as solutions to stem the increase in health care costs, an underlying and essential ingredient for success also poured into the mix. We would need people to engage in the right kind of consumer behaviors … Continue reading Are you engaging in consumer behaviors to get the most value of your healthcare spend?
Health insurance companies are taking proactive and supportive positions when it comes to COVID-19. According to public announcements made by many of the national insurance carriers in the United States, the cost of testing for COVID-19 may be covered at 100%. What type of treatment and services should I expect to see billed to my … Continue reading Understand your health insurance coverage for COVID-19 treatment
If you haven’t completed your U.S. Individual Federal Income Tax return yet, you may run up against a question about the Form 1095, why it’s important and whether you can complete your tax return without it. Form 1095 is a collection of Internal Revenue Service (IRS) tax forms in the United States which are used to determine whether an individual … Continue reading Form 1095 and Filing Your U.S. Individual Income Tax Return. Are you ready?
Do you pay for out-of-pocket healthcare expenses using a health savings account, health reimbursement account and/or a flexible spending account? Confused over which to use, how they overlap or whether to tap into them? You’re not alone. The rules can be complicated and unclear. If you’re not careful, you could leave money on the table. … Continue reading Know your HSA, HRA & FSA plans
