|April 2020||Maximize your HSA e-Newsletter||Vol. 16, Issue 5|
In Uncertain Times, Your Preventative Benefits are More Important than Ever
I can’t tell you how everything is going to work out, and Lord knows that we’ve probably got a few more curveballs heading our way before we’re out of the proverbial forest. But what I can offer is a singular piece of advice that seems to work no matter who you are, what kind of coverage you have, or what is happening in the world around us: Stay healthy.
One ‘Weird Trick’ to Avoiding Hospital Fees: Stay Out of the Hospital
As Americans, we have unique access to a number of preventative health services that can keep us out of the hospital, therefore sidestepping the potential devastation that can come with an unexpected illness or procedure.
Sadly, there aren’t that many people that use these benefits, and an even more startling number of us who don’t even know that they exist.
Know the Benefits You’re Already Paying For
Things like health screenings, annual check-ups, colonoscopies, mammograms, and mental health services are only a few examples of what is available. While these are the kind of things that can be easy to put off for a later date, getting them done the moment they are available to you is a good way to reduce your future risk, and hopefully keep you out of the hospital altogether.
(Anyone with a Health Savings Account should take note; staying healthy is the best way to minimize your HSA withdrawals).
If you are interested in seeing a more comprehensive list of the kinds of services that are covered according to the ACA, click here.
Yes, Health Sharing Programs Do Offer Preventative Benefits
However it is important to note that some health share plans are designed exclusively for unexpected emergency care, and because of this they lack preventative care benefits. Your personal benefits manager is the one to talk to if you are unsure about how your health sharing program stacks up against other plans and options.
What about Covid-19?
At the moment, it looks like the major insurance companies have decided to waive most or all of the fees associated with a Covid-19 test. However if you find yourself in the position of getting a test, you should take the time to confirm with your provider whether or not it will be totally covered.
The hard reality is that most hospitals and clinics are still lacking the kits required for large scale testing, so your doctor is the one who will make the call on whether or not to order the test.
Your Personal Benefits Manager has the Answers
Or, if you find that your current plan is no longer doing the trick, they can tell you what your options are in a way that will let you make the final call.
In times like these, your health insurance plan or health sharing program might turn out to be more important than you ever thought it could be. If you have any questions at all about your coverage or options, don’t hesitate to call.
Now, more than ever, your health means the world to us. To all our friends and clients: stay healthy, stay happy, and stay informed. We will be here to help … any way we can.
Click here to schedule an appointment, or call 800-913-0172 to get started.
To your health and wealth,
Wiley P. Long, III
President - HSA for America
The HSA for America Maximize Your HSA Newsletter is published monthly and emailed to subscribers at no charge. Subscribe now to stay on top of the critical information you need to know about health insurance, healthshare plans and managing your finances to achieve financial security.
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