How will paying for needed healthcare services affect your quality of life?
Do you know how much your healthcare insurance plan will cost you – both when you need health care and when you don’t?
What are the risks when selecting your healthcare plan?
Today you are reviewing options on how to pay for health care you may need tomorrow. If you are to avoid costly errors you must navigate a learning curve of new healthcare options you haven’t considered before.
But many people end up making a guess at what plan fits them because they don’t understand their options as well as they thought.
|A recent study in the Journal of Health Economics found only 14% of those polled could identify basic health insurance terms. Only 11% of those surveyed could calculate the price of a four-day hospital visit when given a hypothetical plan.|
You risk a lot when you guess. What you pay with a healthcare plan is money you won’t have for today’s lifestyle amenities or for your financial future.
- Too much coverage means excess insurance premiums and money you will never get back paying for coverage you won’t use.
- High shared costs (what insurance won’t pay) can be a budget buster when healthcare is needed.
- No coverage and you pay the list price for health care – far more than an insurance company pays. Where will that money come from?
How you chose Healthcare Plans yesterday is outdated.
Healthcare Reform is producing more coverage options each year as insurance providers compete for your premiums. Today’s plans are highly customizable, offering a wide range of options for deductibles, co-pays, out-of-pocket maximums, and coverage options.
You also have options to help pay for healthcare plans and services, including Health Savings Accounts, Flexible Spending Accounts, annuities, and Premium Tax Credits.
And, it’s important to reevaluate your healthcare plans frequently because your needs and health risks change with age. For example, as you need more care it’s more important to lower how much you pay when you see a doctor.
Manage those Risks with Informed Decisions
What you pay for a healthcare plan is becoming more complicated. But it doesn’t have to be.
At GFS Risk Management after 17 years of experience advising financial investment risks for clients we are in a unique position to understand how you view health risks, prioritize lifestyle goals, and how healthcare needs contribute to your quality of life.
We will have a casual conversation with you to understand your healthcare concerns and current situations. We’ll explore your anticipated health care needs in the near future and understand your willingness to pay for coverage options. We will explain the tradeoffs associated with plan options.
Only then will we offer advice on tailored plans from one of our providers that balance:
- Anticipated health care needs
- Health risks
- Your Budget
Talk with GFS Risk Management
Don’t guess what coverage fits your needs, lifestyle and budget – as an experienced and trusted adviser we can help walk you through the details.
We will explain the terms and even help you crunch the numbers.
You get a tailored Strategy to Enhance Your Quality of Life.