Anthem Blue Cross Blue Shield has long been a major player in the Colorado health insurance market. Brokers and clients alike tend to feel comfortable with Anthem Blue Cross, due in large part to their stability and network size. Yesterday I met with our Anthem Blue Cross representatives, and discussed some of their product enhancements…. Read more about Anthem Blue Cross Blue Shield Product Enhancements
With health insurance premiums on an every-increasing trend, employers and individuals have been looking for ways to cut costs. High deductible health insurance plans in combination with health savings accounts have been widely touted by government officials as a way to lower costs. Indeed, the premiums for an HDHP are generally lower than premiums for… Read more about Not A Lot Of Comparison Shopping with HSAs Yet
Amy Gillentine has written an article for the Colorado Springs Business Journal that points out many of the current concerns and confusion surrounding our health care system. When it comes to open enrollment for employer-sponsored plans, she sums it up clearly: Choosing among options for health insurance is often an emotional — rather than practical… Read more about Health Insurance Choices – Emotions Versus Reason
A health savings account, or HSA, combines a high deductible health plan with a tax-favored savings account. Assuming there is transparency, as the Colorado Health Insurance Insider recently tested for, HSAs would encourage people to shop for health care just as they would for a new television or car. The HSA concept allows the free… Read more about The Real Risk of an HSA
Note: This is the fourth entry in my price transparency experiment. See the first entry here, the second entry here, the third entry here, and the fifth entry here. Jay has written several times over the last month about his lipoma surgery and the billing headache that it has become. When we got the bill… Read more about Humana Says the Price is a Secret
Note: This is the third entry in my experiment with price transparency in the US health care system. See the first entry here, the second entry here, the fourth entry here, and the fifth entry here. I finally got the bill for the surgery (pdf). It was quite high compared to the estimate I received…. Read more about I Got the Bill
First of all, a plan with copays is usually going to be a waste of money. A copay is a dollar amount the health insurance company has specified that you’ll pay for either doctors visits or prescription drugs. A typical plan will have $25 doctors visit copays and $15 copays for generic Rx and $30… Read more about What is a Copay?
After writing about how health insurance invites waste, I came upon an article Ezra Klein wrote about the fact that even HSAs won’t help slow that waste. He makes a good point because the total exposures are usually the same. But once the out-of-pocket maximum is met, there is nothing to slow the wasteful spending… Read more about HSAs Wont Cleanup the Waste