Here is an interesting story about how one surgery center in Oklahoma City is turning healthcare upside down. How can the same procedure from the same surgeon cost $27,000 less at this surgery center rather than the local hospital? The answer: 1. The surgery center has much lower overhead costs than the hospital. “In 2010,…
Category: Colorado Health Insurance
Not right away. The Colorado Health Exchange will initially serve individuals buying insurance for themselves and their families. Most people will continue to get their health insurance through their employers via Colorado Group Health Insurance. Colorado is also setting up a separate exchange for small businesses called the “Small Business Health Options Program” (SHOP). Individuals may…
If your employer does not offer health insurance, then beginning in 2014 you will be eligible to purchase your Colorado health insurance from the Colorado Health Insurance Exchange. What is the Colorado Health Insurance Exchange? Colorado’s health insurance exchange will be a competitive and transparent marketplace where you can purchase health insurance (even if you…
It’s easy to save money on Colorado Health Insurance and to live longer too. DON’T SMOKE! Non-smokers pay less for their Colorado Health Insurance premiums. As one example, Wal-Mart recently started charging smokers $2000 more per year for their health insurance. Non-smokers pay fewer taxes. Colorado smokers pay $1.85/pack in federal and state taxes. Non-smokers live…
Did you know that we spend $800 billion annually on “unnecessary medical services”? That is roughly 30% of all medical spending in the U.S. This waste is but one of the issues that we need to solve if we hope to get our medical costs under control.
As we find ourselves in the midst of health care reform law we are faced with yet another acronym: SBC. This stands for Summary of Benefits and Coverage and this document actually began it’s formation on August 22, 2011 by the Departments of Labor, Treasury and Health and Human Services. On February 9, 2012 the…
Here’s what you need to know about Health Savings Accounts (HSA) for 2013: HDHP Minimum Deductible Amount Individual $1,250 Family $2,500 HDHP Maximum Out-of-Pocket Amount Individual …
So, you have heard a lot about health care reform (AKA: The Affordable Care Act and/or Obamacare), but you aren’t sure exactly what is changing or when it is changing. Well wonder no more. Here is a great summary of all the changes that affect small business and the group health insurance market. Affordable Care…
No doubt about it, Colorado health insurance can get pretty expensive. In these difficult economic times, it’s hard to fit insurance premiums into the family budget. Which is why instead of getting traditional health insurance, more and more Colorado residents are turning to health savings accounts (HSA). The reason: instead of paying insurance companies for…
Humana has developed high-level overviews of the new health reform law, with two versions tailored for small employers and large employers. Below are links to those summaries so you can download them for your use. Health Care Reform Overview for Small Employers Health Care Reform Overview for Large Employers Sage Benefit Advisors remains committed to…