Posts Tagged ‘Insurance’

Are You Prepared Should an Accident Happen?

Wednesday, January 28th, 2015
ski accident

Accidents are the leading cause most Americans seek medical care. But with high health insurance deductibles and out-of-pocket costs, accidents can be costly. How can you reduce your costs and survive an accident with your bank account still intact?

When Tragedy Strikes

Because my family and I are in Mexico this year, we’ll miss out on ski season. But many Coloradans will be heading to the slopes. I’m sure we’ve all experienced the occasional sprain or jammed thumb. But what happens should you encounter the unexpected accident? Here’s what one Coloradan faced after a tumultuous ski trip: read more

Is Your Neighbor Paying Less for Medical Care?

Wednesday, December 10th, 2014
medical pricing

When’s the last time you went to the doctor or was scheduled for a procedure and asked how much it was going to cost? Getting a straight answer is almost impossible. But have you ever wondered why?

Each provider and facility has a set fee they charge for medical services provided. But once this charge is submitted to your insurance company, that’s when the game really begins! Providers and facilities have contracts with certain insurance companies outlining how much they’ll be paid for each service. Here’s the kicker – the “contracted rates” vary between insurance companies and can even vary within the same insurance carrier. read more

The Risks of Auto-Renewing Your Health Insurance Plan

Monday, November 24th, 2014
auto renewing insurance

Insurance enrollment begins November 15, and it’s time to start looking at your options for 2015. Many new insurance carriers have entered the marketplace in Colorado opening up a wealth of money-saving opportunities – if you know how to take advantage of those opportunities. The biggest risk is for those choosing to simply auto-renew their 2014 health plan – you will likely face the sharpest increase in premiums if you don’t take action now. read more

12 Insurance Enrollment Terms You Must Know for 2015

Wednesday, November 19th, 2014
health insurance terms

You’re likely reviewing your insurance options for 2015 and keep coming across some of the same words. And if you don’t clearly understand some of these words, they could cost you thousands of dollars in the long run. I’ve taken some of the most common words I run across and have outlined them here to help you understand your 2015 choices even better.

2015 Insurance Terms

Deductible – When your health plan processes an insurance claim, they apply the charges to your “deductible” – the amount you are responsible for before the insurance carrier will begin paying claims. Deductibles can run $750, $2000, $3000 or more. read more

Know Your Options During Insurance Open Enrollment

Sunday, November 2nd, 2014
health insurance options

Health insurance enrollment begins November 15, and this is the only time of year you can sign up for or change health plans unless you qualify for a special enrollment period. But what does this mean for you?

If You Signed Up for a Plan Last Year…

If you signed up for a health plan last year, you have a couple of options:

  • Auto-renew your plan. I suggest meeting with your advisor because without having your subsidy recalculated, you risk losing out on valuable premium tax credits and could end up paying substantially more in premiums in 2015.
  • Sign up for a new health plan (if you’re considering this option, it’s best if you apply no later than December 15 to ensure a January 1 effective date and prevent your current plan from auto-renewing)

New policies become effective as follows:

Switching From a Grandfathered or Grandmothered Plan to a New Health Plan read more

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