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Greetings!
I'm sure your firm would never dream of paying invoices blindly. The lack of transparency with P.P.O.'s continues when the bill comes in, insurance companies don't ask for the details, they don't challenge the prices. They just pay! We will show you how to reduce your premiums without sacrificing benefits Contact us at Willwerth, Caven &Associates. |
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The Cure for the $1,000 Toothbrush
Here is a basic fact of health care in the United States: Doctors and hospitals know what they charge, but patients don't know what they pay. As in any market, when one side has no information, that side loses: price secrecy is a major reason medical bills are so high. In my previous column, I wrote about the effect of this lack of transparency on the bills patients pay out of pocket. We know about these bills, which hit us directly. What most people don't know, because the costs are hidden, is that the same imbalance exists with insurance. The employers and employees who buy health coverage have delegated vigilance over health care costs to insurers
- but insurers, for the most part, have gone AWOL
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Enrollment enigma
It's that magical time of year again - open enrollment.
It's just a shame no one knows it's going on, and worse, that it matters more than ever this year.
According to a new Aflac survey, 90 percent of American workers admit they elect (or default into) the same coverage yearly, while 74 percent admit they only "sometimes, rarely or never understand" everything covered by their health insurance policy.
Not participating in enrollment? That's a dangerous strategy. Particularly this year, that same-old strategy can be a risky - and costly - one, experts warn. Read More
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UPS blames PPACA, to slash 15,000 spouses from coverage
The number of employers whose company health benefits plan cover the working (elsewhere) spouses of their employees has just been reduced by one - and it's a big one, too.
UPS announced in a memo to employees that it would cut up as many as 15,000 employees' working spouses from its health coverage rolls.
Citing a trend among "other companies" to refuse coverage to spouses employed by another company that offers coverage, the undated memo cites the Patient Protection and Affordable Care Act as providing the impetus for the "design change."
In fact, it referred repeatedly to the PPACA as the reason for its decision to cut back on spousal coverage. Read More
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