Now is the time to make sure you have the health benefits that meet the needs of your and your family. While considering your healthcare needs, also consider the four Cs of checking your health plan:
- Changes to your current plan options. Will your current benefits still be available in 2010? How will coverage and rate changes affect your decisions for 2010?
- Costs of medical plan contributions, deductibles, copayments, and coinsurance. Does your plan include an employer contribution to a Health Savings Account (HSA), from which you can pay your out-of-pocket medical expenses? Costs vary from year to year and from plan to plan. Knowing what you are paying now helps you recognize a better deal.
- Coverage information. Confirm that your doctors are still in your network, what expenses are subject to the deductible, etc.
- Choices of benefits. Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), and a wealth of other benefits are available to help you plan for your future healthcare expenses.
Each person and family faces different circumstances, so take the time to incorporate these tips into your overall decision-making process. Use the helpful tools located at InfoBank > BenefitsWeb > Health & Welfare > Planning Tools to help you calculate your health care expenses, life insurance needs, flexible spending account needs, and more!
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Questions about your employee benefits or other Human Resources issues? Contact the Workplace Solutions Center at (888) 471-2271.