 |
 | |||||||||||||
|
||||||||||||||
|
||||||||||||||
Its a fact that advances in medicine and medical technology have made medical treatment more expensive and people in developed countries are living longer. A large group of senior citizens are coming up steadily requiring more medical care than younger generation. These factors cause an increase in the cost of health insurance including increase in Social Security cost in the U.S. Its evident that unhealthy food habits, insufficient exercise, obesity, street drugs, excessive intake of alcohol, smoking, inadequate health-care professionals in rural areas have added fuel in increasing health insurance cost. The only alternative, however in bring down the health insurance cost is to do the opposites with regular exercising, intaking healthy food or avoiding junk food, avoiding addictive, checking alcohol & smoking etc. A healthier lifestyle can protect you from most of the diseases and give you some relief in lowering the increasing cost of health-care. An idea of Consumer Driven Health-care Plan encourages you (the Americans) to go for buying high-deductible lower-premium insurance option for getting tax benefits and taking advantage of Health Incentive Account (HIA) you can manage things nice that means if you have dollars in your HIA, you can utilize them to offset some of your out-of-pocket expenses. Now,what does Consumer Driven Health Care (CDHC) mean? Well, by adapting to CDHC you are allowed to participate into health insurance plans through Health Savings Accounts(HSAs), Health Reimbursement Arrangement (HRAs) or similar plans to pay routine health-care expenses. While high-deductible health insurance policy protects you from catastrophic medical expenses. After-all self health insurance is not a bad idea. High-deductible health insurance policy is cheaper than the low-deductible one, but you have to have enough savings to deal with the small expenses up to the deductible amount. Now,why HSA? Because its a tax-advantaged medical savings account available in the U.S. who opts for HDHP. If you utilize the fund to pay for qualified medical expenses, you are exempted from tax liability. But non-medical expenses are subject to IRA guide-lines. Whereas HRAs are partially self-funded medical insurance plans with special tax advantages. In partial self-funded program,your employer pays a predetermined portion of medical claim with a cap or limit. And whenever this cap is reached, the plan pays an amount equal to its portion of co-insurance (co-insurer means where more than one insurers participate in the same subject matter of insurance) and continues to pay until the out-of-pocket maximum or stop-loss amount and then after pays 100% of medical claims. Kaushik Adhikary operates http://www.myinsuranceinsiderinfo.com a blog all about fresh and quality content on personal insurance and finance field. He loves giving away Free Stuffs and Services and now conducting Free Email Training courses besides Newsletters. 27 Comments for 'Self Health Insurance – Is It Relevant?'Leave a comment |
|
||||||
 |
| Privacy Statement | Contact Us | Disclosure | Glossary |
Weight Loss Pill Identifier Pills…
I can not agree with you in 100% regarding some thoughts, but you got good point of view…
Fha Foundation…
I enjoyed reading your blog. It is so interesting reading other peoples personal take on a subject….
Health Insurance Gulf Breeze Insurance Flood Insurance…
I can not agree with you in 100% regarding some thoughts, but you got good point of view…
Eric…
…
Insurance Small Business Health Insurance Nationwide Insurance…
I can not agree with you in 100% regarding some thoughts, but you got good point of view…
Ethan…
I’ve been a member of the aarp for about 5 years now. At first I resisted it, thinking it was an admission that I was getting older, but hey, I need the insurance and with them, I was a shoe in. If you haven’t checked them out recently, the America…
Accounting Financial Financial Success…
I can not agree with you in 100% regarding some thoughts, but you got good point of view…
Health Insurance Florida Individual Health Insurance Patient Safety…
I didn’t agree with you first, but last paragraph makes sense for me…
Bad Credit Loans Auto Loans Mortgage Refinance…
I didn’t agree with you first, but last paragraph makes sense for me…
Payday Loans For Social Security Benefits…
Can it be that your server is infected with a virus – I get an Virus warning when I open your site with Firefox – Just for your Info….
student loan consolidation incentive…
I never thought I will agree with this opinion, but you know… I agree partially now…
bad credit foreclosure loan mortgage…
I can’t believe that I missed your point, I will have to do some research on this….
foreclosure training…
The term is used colloquially for any kind of Linkback. As a result, TrackBack spam filters similar to those implemented against comment…
Home Health Insurance…
I couldn’t understand some parts of this article, but I guess I just need to check some more resources regarding this, because it sounds interesting….
Free Refinance Calculator…
Do you know if there are any other pages similar to this one?…
family health insurance plan…
It has since been implemented in most other blogging tools.. This is similar to comment spam but avoids some of the safeguards designed…
auto insurance on line…
Thanks for all the helpful content on insurance. Nice site….
home insurance claims…
Sure have a lot of useful information here. Glad I found this site!…
Pet Adoption Pet Classifieds Pet Beds…
I didn’t agree with you first, but last paragraph makes sense for me…
Personal Payday Loans…
I was browsing on the Internet searching for “%KEYWORD%” and your blog showed up. Your post “%TITLE%” is very interesting. IÂ’m going to bookmark you and come back in a few days to see any additional comments for this post and any of your new posti…
Jack…
The most comprehensive info I have found on this subject on the net. Will be back soon to follow up….
where to get student loans…
Although I understand the gist of what you are trying to say, there are still a few points that I need further clarification on….
tax advantages for buying a home…
Many blogs have stopped using trackbacks because dealing with spam became too burdensome. (Blogger now has backlinks – very similar…
account loan payday savings…
) Some individuals or companies have abused the TrackBack feature to insert spam links on some blogs (see sping). This enables authors…
social security and student loans…
I cannot agree on everything you say in this article, but perhaps I missed some of the points you were trying to make….
savings account payday loans…
Your article on AnimeNation Anime News Blog ” Blog Archive ” Ask John: Why Are Transfer … is always useful for a newbie like me….
bad credit auto loan consolidation…
Awesome information. Thanks for putting it up….