Archive | June, 2013

Window of Opportunity

26 Jun

Many don’t realize that with the mandate for health insurance by Jan 1 that the ‘ramp up’ period is on!  

Technically the window is 10/1 to 3/1/14 and then it is DONE!  Yes, DONE until open enrollment just like Medicare Part C plans – Oct thru early Dec. 

You don’t have the luxury after 3/31/14 of cancelling/changing/etc your individual plans unless there is a life event change (marriage, birth, divorce, etc).  

You will then and can only then make changes year over year during that window in the fall.  

You better know what you want and you better get it now!

Deductible Mandates -???

17 Jun

I have heard both sides of the fence on this. Depending on where you get your information you hear rhetoric regarding mandates on lower deductibles (no higher than $2000) for individual plans.

The advantage with higher deductibles is lower monthly premium and lower subsidy allocation from the feds. You need to keep some element on the model in the hands of the individual.

Even with better mandated ‘coverage’ in the individual market in 2014  and with subsidy available, to me, there will still be the options of carrying higher deductibles as we have now.

I will keep you posted.

Quotas in Healthcare

10 Jun

I was watching 60 Minutes on CBS last night and one of the topics was quotas/mandates on admissions put in place by Health Management Associates, a major provider with numerous hospitals/clinics in 15 states, with their ER doctors.

Although many doctors/individuals bore witness to this and they had actual documentation to back this, Health Management still denied it.

This was the re-airing of the article ans since the original airing the CEO has stepped down and the Justice Dept is looking into unfair practices of Health Management.

This shows the complexity (in the bad) of another variable to escalating costs in health care across the board with our system – not just insurance. 

 

Colonoscopies Explain Why U.S. Leads the World in Health Expenditures

2 Jun

See on Scoop.itObamacare

While the American medical system is famous for expensive drugs and heroic care at the end of life, a more significant factor in the nation’s annual health care bill may be the high price tag of ordinary services.

See on www.nytimes.com