As a society we’ve become pretty comfortable with the notion of comparing costs for things that we’re going to buy. When is the last time that you bought a car, or even a book without shopping around on google? Probably almost never. Well healthcare should be no different. Comparing healthcare costs is a must. We have a number of articles (here and here) talking about why you should care about your healthcare cost and how to reduce it. But let’s use this article to narrow in on some cost comparison websites. I want you to be able really put this stuff into action.(more…)
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.
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.