It’s a new year and most health plan benefits are reset with co-pays and deductibles. How well do you understand all the nuances and added benefits of your plan? Here are a few tips to ensure you maximize the value of your health plan and save the most money along the way:
Tip #1: Review your health insurance benefits package closely. Pay close attention to the benefits that are available with no copay or coinsurance before your deductible is met. These generally are preventive and wellness visits.
Tip #2: Budget your health care costs for the year. Determine the best approach for budgeting your health costs for the year. For example, take advantage of new online virtual doctor visits or retail health clinics (e.g. minute clinics).
Tip #3: Consider enrolling in a small group plan. You may save on health costs by enrolling in a small group health plan with MDA Insurance. Unlike open enrollment in many plans, group health plans can be started by employers at any time. However, keep in mind small group health plans require a 30-day lead time and become effective on the first of the following month. Switching to a group plan early in the year gives you the best opportunity to meet your deductibles. Note that your deductibles do not transfer between health care plans.
For more information, call 877-906-9924 or go online.