From understanding health care jargon to cost implications, making strategic health care decisions is imperative to your well-being and financial health.
With more and more Americans losing employer health insurance and having to enter the marketplace, you can no longer sit back and disengage from the process of making health insurance decisions.
In fact, not understanding your plan can lead to you paying more than you should for your health care.
When you’re facing significant consequences that come out of purchasing health insurance, such as illness, disease management and finances, the decision can be daunting.
Understanding health insurance and managing benefits are additional challenges. So is knowing the kind of expenses that are covered under your health insurance plan and using reimbursement and payment tools.
If you’re struggling to manage your responsibility for health insurance, you could be using more services than you need, experiencing higher hospitalization rates and neglecting to use preventive services.
If you understand how the benefits work and what is covered, perhaps you could take advantage of preventive services that would help ward off illness and disease.
As a result, you would spend less time and resources reacting to illness or dealing with chronic diseases due to neglecting your health care.
Your health care choices in action
For example, if you choose a plan with a high deductible but don’t understand that preventive care is free, you’ll avoid going to see the doctor, thinking you’ll have to pay for it until you reach your deductible.
Additionally, if you’re unfamiliar with how prescription drug costs work, you may not know you can shop around for prescriptions. If you assume that every pharmacy charges the same amount for medications, you’d miss the chance to save by going with another pharmacy in your neighborhood or online.
Turning it around
Work with a trusted health insurance professional at UROne who can walk you through the ins and outs of health insurance so you can choose a plan that fits your health and financial needs.