Posts Tagged - ‘hsa’

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Don’t Delay Filing Out-Of-Network Health Insurance Claims

Monday, July 12th, 2010

Image: anomalous4 under CC 3.0

Some health insurance plans–especially high-deductible ones such as health savings accounts–allow patients to go outside of their provider networks to utilize the doctors and hospitals of their choice. Normally, this costs more to consumers; however, the increased freedom is nearly priceless to some.

In most cases, your health insurance will cover at least a portion of the cost of out-of-network care. Unfortunately, you are responsible for submitting the claim paperwork yourself. Check your policy for information about deadlines–if you miss the timely filing limit, you may end up having to pay the whole bill out-of-pocket!

While it’s usually possible to file a dispute or appeal with your insurer, doing so can have a negative impact on your credit rating.

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Ron Paul Proposes His Own Healthcare Reform Bill

Friday, May 28th, 2010

Image: Gage Skidmore under CC 3.0

Representative Ron Paul, a libertarian Republican and 2008 presidential primary candidate (and father of Tea Party backed Senate candidate Rand Paul), has written and proposed his own version of healthcare reform. If the GOP is truly interested in fixing the system and not simply scoring political points, they should consider it.

In keeping with his beliefs, the Private Option Health Care Act pending in the House of Representatives seeks to largely keep the government out of private business. There is no mandate to pay a fine if you don’t purchase a qualifying health insurance plan. It uses tax deductions and credits to make insurance more affordable, while encouraging people to sign up for Health Savings Accounts and other high-deductible coverage options that cause them to take greater responsibility for their health care.

It also uses the Constitution’s commerce clause–ironically under fire by Obama reform opponents–to allow the interstate selling and purchase of health insurance plans. At the same time, people will now be able to import prescription drugs from reputable countries with high quality control, like Canada and those in Western Europe. Tort reform is also involved, obviously, as a method of cutting costs. At the same time, consumer protection will be retained through a tax credit that pays for insurance against negative medical outcomes.

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Karl Rove Supports Repeal of Health Insurance Law, With Caveats

Tuesday, April 6th, 2010

Image: JD_WMWM under CC 3.0

Karl Rove is well-known as the political operative who was instrumental in George W. Bush’s successful campaigns for President. Now, he is making the rounds promoting his memoir. Of course, the current administration’s policies are a hot topic–especially those regarding the health insurance industry.

Rove believes that in order to be successful in the midterm elections, Republicans should seek to repeal provisions of the bill and make them more palatable. With his extensive experience in electoral politics, he knows that calling for full-scale repeal of healthcare reform without offering alternatives of their own will be a boon to Obama and the Democrats.

What does he suggest? He wants to allow consumers to buy a health insurance plan across state lines, since the interstate competition could lower costs. The former senior advisor and deputy chief of staff also desires unlimited tax free savings accounts for health care purposes, similar to HSAs.

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