Tag Archives: Health Savings Accounts

Flexible Spending Account: takes some planning

Is there any reason to set up a medical flexible spending account if I’m not perfectly sure of my expenses for the year and I don’t expect any major life/work event? Steady Dear Steady, You do not need to be perfectly sure about your expenses to set up an Flexible Spending Account (FSA).  You could, […]

Health Savings Account plans: not a bargain?

I’ve looked at Health Savings Account plans, and they seem to come with higher premiums than I would have expected.  Shouldn’t these plans be really cheap, since they have such a high deductible? Penny Watcher Dear Penny Watcher, The Health Savings Account should, in theory anyway, have lower premiums.  The HSA plan should definitely cost […]

High deductible plan member — figuring out how much care will cost

As someone with a high deductible healthcare plan, how can I best estimate my out-of-pocket cost for a medical procedure prior to incurring the expense? My insurer does not make this information available.  All I want to know is, what the negotiated rate in-network is for a particular procedure.  In my experience, providers can tell […]

Who is watching the bills?

Whose responsibility is it to monitor accurate procedure coding for a patient’s billing and account? Can the patient reasonably be expected to audit and enforce correct coding?  Is there a source of transparent codes/procedures (along with what is covered by an individual’s policy) that consumers can access? Watchful Wonderer Dear Watchful Wonderer, The patient cannot […]