Recently, I wrote about a dramatic change to the health insurance market. It starts officially on Jan. 1, 2023, and it’s called the Family Glitch Fix. This is going to create a brand-new path to more affordable health insurance coverage for many spouses and dependents of employees who currently get coverage through an employer. Read more
Mike realized a lot of the lessons he shared during last year’s Open Enrollment Period still track! He’s updated that 2021 post to share tips to keep in mind as you’re shopping for your health plan coverage. Read more
In late September, I, and a bunch of other subject matter experts at Blue Cross and Blue Shield of Louisiana, spent a few mornings telling our producers and brokers (the people who help our clients find the right plan for themselves or their employees) all about what’s new from Blue for 2023 health plans. Read more
It’s Expensive, I Don’t Use It Much
As we were developing our recent Straight Talk posts that dealt directly with terminology, how health insurance pays for your health care, and how your out-of-pocket spending and your health insurance carrier’s spending relate to your premiums, another question kept coming up. This one came specifically from younger folks with health insurance. It went something like this: Read more
Very recently on Straight Talk, I wrote a piece designed to help you understand your health insurance. This explained what all the words –deductibles, networks, claims, etc. – really mean. I also broke down who pays for what when a medical bill shows up. You might remember the three payment zones – the deductible zone, the coinsurance zone and the max out-of-pocket zone.
As soon as we published that piece, I heard this question: “So Mike, how do copays fit into all this stuff?” Read more
