HSA. FSA. HRA. Do you know what those are? If you are like most Americans, you probably have an inkling of what one or two of them are. Now the fun part. Even if you know what they are, do you know how they differ? Do you know what you can use them for and who pays for them and who gets to keep the money in them? Having had all three at one time or another I am very familiar with all their intricacies, but if you aren't then you need to check out HSA 101 from UnitedHealthcare. Now I have to say my all-time favorite was when we had an HRA (Health Reimbursement account) through my wife's employer. This paired up with our high-deductible health plan and her employer basically funded the account with enough money to fully cover the … [Read more...]
Quick Care Quiz + $100 Gift Card Giveaway
Let's take a Quick Care Quiz. Question 1. If two stores were offering the exact same item for sale, would you go to the one that was more expensive? Of course not. When you are shopping for groceries or Christmas presents or a car you would try to look for a sale or get the best deal right? Of course you would. Unless you were Bill Gates or someone else with millions or billions of dollars in disposable income. For the other 99.999% of us however, we’re not all about wasting our money. So if you get sick, would you choose to pay the most money possible to get better? Of course not. But the fact is that people do exactly that all the time. Since most people aren’t billionaires like Bill Gates, United Healthcare is here to help you … [Read more...]
Are You a Health Plan Pro? + $100 Amazon Gift Card Giveaway
Are you a Health Plan Pro? Do you even know what that means? Because if you aren’t a Health Plan Pro you kind of need to be. Here’s a hint, if you have health insurance you need to know a lot about it. And if you don’t have health insurance, you need to get it. Not only is it a legal mandate, it’s just plain necessary anymore. As someone who didn’t have health insurance and then found out she was pregnant…let’s just say that is not a scenario you want to find yourself in. When it happened to me, I became uninsurable (talk about your "pre-existing" conditions…) and faced the prospect of having to pay for all my prenatal care and delivery on my own. And let me tell you, having a kid in this country is NOT cheap. Fortunately that is not … [Read more...]