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Transparent stack of money11/20/2023 There’s a squishy middle ground, however, where the best plan for you depends on the amount and type of care you’ll need next year. On the other hand, you have the maximum amount you could pay in each plan if you’re a heavy health care user. On the one hand, you have the costs you’d pay if you don’t use the plan much beyond preventive care. Comparing plans means estimating how much health care you’ll use next year. “Even if you were in an Aetna plan before, and you say, ‘Well, I’ll stay with Aetna again,’ you still want to look and make sure the medication you’re taking is still on the formulary,” says Abbie Leibowitz, chief medical officer and co-founder of Health Advocate, which provides integrated health advocacy and health benefits programs.Įvery plan has set costs, like the monthly premiums, plus the costs of care, which include the deductible and any copays and coinsurance. Drug coverage can change from year to year, even if you stick with the same plan. If you’re on prescription medications, check plan formularies to make sure you understand how your drugs will be covered in 2024. Health maintenance organizations, or HMOs, tend to be cheaper but lack the out-of-network flexibility. You should also consider whether you want the option to go out of the network - which you can usually do in a preferred provider organization, or PPO, plan, although it will cost more. If you love your doctor or specialist, make sure they’re still in the network of the plan you’re considering for 2024. ![]() (Pssst: It includes health and life insurance cheat sheets, too!) New to civil service? Check out Federal News Network's New Hire Guide, brought to you by United Healthcare, to provide insights and pointers to first-time feds. Between the Lines with the Administrative Conference of the United States.
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