I want you to think very deeply about the last time your company went through your annual health insurance renewal. The massive rate increases, the sleepless nights.
Believe it or not, one of our biggest hurdles in making impactful change is getting people to understand why they should care about their healthcare and about their care process. Realistically, we know what our goals are: save money and get better care. This is the case for both those paying for (employers and individuals) and those receiving (the patients) the care. The issue at hand is this: most people don’t want to engage. And you know what? That’s ok, and it’s not their fault. Healthcare is complicated and, frankly, not designed with the user in mind. And we shouldn’t feel unprepared just because we aren’t a doctor ourselves.(more…)
Here at Trig we’re all about consumer education. That being said, we get a lot of pushback when we talk about things like “education” or “learning”, almost as if this is simply an unnecessary step in the care process (it is a process, you know). It’s as if we are actively taking ourselves out of the equation, and leaving the decisions to the sole discretion of the doctor. Now you may be thinking, “yeah, they went to med school, and I didn’t”. And you’re right, you probably didn’t go to medical school. But you also didn’t go to mechanic school, or get your degree in I.T. (ok, maybe you did), but you still work with those professionals and shop around for price for fixing whatever symptom your computer or car is having. So why not do that with your body?
If I could tell you one thing, and one thing only to make your healthcare experience better [cheaper], it would be this – when it comes to medical treatments, be sure. I could end the article there, but I’m long winded.
I want to pose a question: Why do health insurance premiums go up? For quite a few reasons: people get more sick, procedures cost more money, medication costs rise… The list goes on. But I want you to consider this fact for a moment – Over the past 13 years salaries have risen at a rate of 43%. Pretty good, right? Now consider that over the same time period, insurance rates have risen 180%. That is a serious chunk of money going towards health insurance premiums. And it doesn’t seem to be getting any better (sad face).
Think about the last time that you read something (whoa, how cool is that, you’re reading something right now!), and think about how valuable that skill is. Without it you wouldn’t be able to keep up with the news, do your job or even send a text message. Now consider that most people aren’t what we call “health literate”.
One of the issues that we often hear about is the idea of changing health insurance brokers. More specifically, the pains involved in finding, hiring and vetting out your potential broker’s capabilities. While I’d love to soapbox about everything that you broker should be doing for you, this article discusses a few things to look for if you do decide to make the jump.
Health costs have risen. That’s pretty obvious. And if you’re reading this article you’re probably wondering if a high deductible health plan is something that you should consider. Maybe it’s because your health plan just became more expensive, maybe your costs are actually pretty low but you want to save some extra cash. Regardless of why you’re considering a HDHP, there are a few things that you may not have considered yet.
Believe it or not, one of the most common questions that I get is about competition in the industry. While it seems like a pretty basic question, it really isn’t. But before we get into that, let’s address the elephant in the room. Yes I mean the idea that its “un-American” or socialist to simply consider competition as being anything other than divine. The fact of the matter is our current system isn’t a perfectly competitive market, and its actually built on a load of regulations and rules dictated by the government. What we’re left with is a series of complex industries that are trying to compete within the given set of rules. This doesn’t always equate to providing the best result for the consumer.(more…)
Most companies offer some sort of (tax exempt) cash plan to help employees pay their medical bills. Not surprisingly, one of the most common issues that employers face is whether to use an HSA (health savings account) or an HRA (health reimbursement arrangement).
Common logic says that HSA’s are better bet for employees, right? You would be right. Except that this isn’t common logic, this is health insurance, where there is always more than meets the eye. A lot like a magic show, except kind of boring.