Monday, October 28, 2013

On reviewing your health benefits:

This Mayo Clinic Health System Health Note serves as a reminder that it’s that time of year when we need to review health benefits and determine how much we should be planning, saving for next year, and the use of the 125 FLEX plan. 
Understand your health plan benefits:
  • You, not your provider, are responsible for knowing your health plan benefits.
  • The minimum you need to know is your deductible, co-insurance and co-pay amounts along with your out-of-pocket maximum.
  • The time to address any confusion with your benefits is now, not when you are facing a stressful medical situation and need to make decisions quickly.
  • As consumers, we all play a role in keeping health coverage affordable for ourselves and our employer. Inappropriate use of healthcare raises premiums for everyone.
  • High deductible health plans with a Health Reimbursement Account (HRA) or Health Savings Account (HSA) are designed to reduce health spending by providing a financial incentive for consumers to choose the best healthcare value. In these types of plans, monthly premiums are generally lower than traditional health plan premiums, leaving consumers with greater control over -- and responsibility for -- their health spending. The high deductibles and out-of-pocket costs give patients an incentive to learn more about the cost and quality of care before spending.
  • Contact your health plan customer service line with questions.
Amy Every
Senior Communication Consultant, Marketing Communications
Mayo Clinic Health System Franciscan Healthcare
700 West Avenue South
La Crosse, WI 54601

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