The healthcare reform law known as Obamacare, though extremely unpopular, has been ruled constitutional by the Supreme Court. Unfortunately, this is going to mean higher costs and less choice for most people, but I want to help you make the most of it.
There are several actions you can take now to save money on healthcare. And, you could be missing out on a huge one if you got an insurance plan before September 23, 2010. You know the surest way to save on healthcare is to prevent the chronic diseases that are devastatingly expensive to treat. Health plans now cover preventive care with no out-of-pocket costs, but you need a new plan to reap the benefits. And, even high-deductible plans that keep premiums low will do that for you. Run an instant quote to compare rates on different kinds of health plans and you’ll see that the least expensive options pay for a wealth of preventive healthcare immediately, before you meet the plan’s deductible.
If you have a plan older than that, you may want to keep it. Chances are the premiums are higher than what you could get if you signed up for a new plan today, but rate increases are likely to be smaller because those plans are “grandfathered”, and do not have to comply with many of the new rules that are driving costs up.
If you’ve had trouble getting insurance companies to accept your application because you have some health issues, that’s going to change. Did you know that children under the age of 19 can no longer be denied coverage regardless of their health problems? In 2014, adults will also be guaranteed coverage. You can already keep your children covered on your policy until they are 26, and you have other guarantees, too.
And, the limits on the amount of coverage you may receive during your lifetime are gone. Even annual limits are restricted now and will be banned in 2014.
There is even hope that we may be through with the double-digit rate hikes of recent years. Healthcare reform has already spent $750 million to prevent cancer, heart disease, obesity, stroke and the use of tobacco. It spent nearly $1 billion to help small businesses develop new cancer therapies and cures, and it created a non-profit Patient-centered Outcomes Research Institute to compare the effectiveness of treatments. It also started the National Prevention, Health Promotion and Public Health Council to develop a national strategy to prevent disease. From 2010 to 2014, it appropriated $5 billion to improve the supply of primary care providers and support prevention and public health programs. As disease rates fall and claims cost less, we could see “supply and demand” principles at work. If demand decreases and the supply of doctors remains unchanged, healthcare really might become more affordable.
We continue to believe that greater price transparency and consumer involvement is really what is needed to drive down the cost of health care, and we will continue to push for this type of reform. But with more value in health insurance, and the individual mandate to get it, I’ve got some ideas to help you find the right plan. We’ll send you a free copy of The Complete Consumer’s Guide to HSAs when you request it at www.HSAforAmerica.com/free-guide.htm. You’ll also want to catch our live HSA teleseminar because you can call in to ask questions. Register for free at www.HSAforAmerica.com/teleseminar.htm. And, you’re welcome to set up a free personal consultation for professional help to compare your coverage options at www.HSAforAmerica.com/appointments.htm.