How Do You Save On Healthcare Costs?
Healthcare costs are have been rising steadily in recent years. trillion in 2015, or 20 percent of GDP. Statistics have said that in 2006, employer health insurance premiums increased by 7.7 percent, two times the rate of inflation. Experts agree that our health care system is riddled with inefficiencies, excessive administrative expenses, inflated prices, poor management and inappropriate care, waste and fraud. Choose wisely. During open enrollment, don’t just take the easy way out and sign up for the same health plan as you had last year. These days the difference in premiums is small, ranging from an average of $590 a year for an HMO to $637 for a PPO; the real differences lie in the plans’ co-pays and deductibles. To figure out which option is best for you, estimate what your total annual costs are likely to be under each plan, depending on your family’s medical needs. If you have kids, you’ll likely want a plan with low co-pays for doctor visits and good coverage for preventive ca
