Your Health Coverage in 2018

Your Health Coverage enrollment

Have you completed your medical insurance enrollment for 2018? Please take the time between now and January 1 to review your benefits coverage: maximum out-of-pocket expenses, co-pays and deductibles, prescription program choices and costs, emergency and hospital coverage, etc. If you haven’t already created an online account with your insurance provider, take a few minutes and do this as well. I also recommend that you create your health care provider and medication lists and give a copy to a loved one in case of an emergency. Forms to assist you with are available on this website.

While recently assisting some individuals with their 2018 medical insurance enrollment, I encountered a term with which I was not familiar: EPO. Have you heard of this? You are familiar with HMO and PPO, I’m sure. EPO stands for exclusive provider organization. You must stay within the specified network and utilize only the providers: physicians, hospitals, etc., that are in that plan. There are no out of network benefits: you will be paying the full bill for any services provided outside of the plan network.

Your Health Coverage in 2018: A year with much Uncertainty

There are so many changes occurring daily in health care that it is difficult to know what information to share with you. The latest news appears to be the possible merger of CVS/Caremark and Aetna Insurance. A large pharmacy corporation and a major health insurance provider combining forces is probably going to change, once again, the health care environment throughout this country. Rumors about Amazon entering the pharmacy prescription arena continue. And, let’s not forget that the debate about Affordable Care Act policies and provisions, Medicare, Medicaid, and CHIP coverage are still far from settled at the federal level. 2018 is going to be a very unpredictable year.

The proposed tax reform bills have passed in both the House and the Senate in Washington D.C. Now we will have to wait for the final bill to see what changes await us all. As you know, there were provisions for changes to the Affordable Care Act (Obamacare) proposed. Will they make it to the final tax bill?

Your Health Coverage in 2018: In the news

I would like to share two recent articles with you:

https://www.usatoday.com/story/money/personalfinance/retirement/2017/11/17/retirement-planning-should-include-long-term-care-costs/866344001/

http://www.latimes.com/politics/la-na-pol-insurance-mandate-repeal-20171127-story.html

Your Health Coverage in 2018

These last few weeks of the year are a time to reflect, spend time with family and friends, and celebrate. Also take a few minutes to prepare for the health care needs of you and your family for 2018.  Better to be prepared and informed rather than making last minute decisions in an emergency situation.

 

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