Navigate the Pitfalls in the Health Care Reform Laws

Have you found an expert that can tell you how health care reform or also known as ObamaCare will effect your health care decisions? If you have, I have some bad news for you, you have not. If anyone claims to be an expert they are deceiving you. Even the lawmakers and even President Barack Obama can not even claim to be experts.Let me do some damage control before I continue, the reason I say there is no experts, because no one knows the law from beginning to end, and all the changes made after it became law, and it even is changing as I write this article. Yes, many know the basics and that is why I am dedicating time in my day to help the Average Joe understand impacts that they may face.In my discussions with many people, I have found they do not really understand what they have from their employer today. When I have asked, how did they select their health care, they almost always will say, it is what someone recommended to them and is what they have. It is not a one size fits all and as I said it is very personal for what your family needs. Your health is not like anyone else, and your families health is not the same. It goes even back to family genes and medical conditions that may be passed over time. So if you are not really looking at what you have and need, you may be accepting many risks. I will discuss in this article a few items to think about as you make your decisions. How Is Your Health?How often do you go to the doctor or should you be going to the doctor? I use to think I was in perfect health and nothing could influence me to go to a doctor. I had no need for the doctor. As I got older, I found I needed to keep in mind vision, dental, and even when my family had medical issues, I needed to make sure I did not have the same thing just pop up. This is one area that will lead you to decisions to be made. If you are healthy and feel you do not have anything you need to worry about, then you can buy a watered down insurance policy, but if you or your family have needs, you need to watch this. What is your co-pay?As I said, health is very big item to understand your co-pay. Is it an 80/20 plan where you pay 20 until you meet your deductible? Now, in order for it to be part of affordable health care, your premiums can not be more than a certain percentage of your income for you as an individual. So, know what you will be responsible for from the beginning. What do you need to pay for office visits? If you go to the doctors a lot, this could get costly? What is your deductible?As I have talked to many people, I can not believe how many people do not know what their deductible is. Now this is important because you will pay your copays until you hit that deductible. Over the past three years, I have watched companies select larger and large deductibles. Now that puts the burden on you and if you have a sudden illness, it means you will need to come up with a lot of money. I have seen deductibles between $2000 and $6000. If you are like 80% of all Americans and are living paycheck to paycheck, what is your strategy to cover this? My Spouse and I both work and I have been on my spouses insurance for years, is this OK?Yes it is OK, but again you need to evaluate it. Some employers are passing on more costs when the spouse is eligible with another employer and they are having to cover the spouse because their insurance options may be better. Again, this is going to be a very personal decision based on cost and coverage. Will you avoid penalties from the government, yes, as long as you are covered by insurance.This is just the first of many articles I plan to write. Remember, you are paying an insurance company to collect money to pay your medical expenses directly to the doctors. Insurance companies place people in risk categories in order to calculate what they will pay out will be less than they bring in.

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