Commercial Insurance Plans
With the New Year can come Insurance changes for you and your family. If you have a Commercial Insurance plan, be aware of your plan on whether it is based on a calendar year or different. If you have a calendar year plan then your deductible will reset for the New Year. Don’t be afraid to call your Insurance Company if you ever have questions on your medical insurance coverage. Insurance coverage and plans can be complicated. Stay in the know of your individual coverage and your family coverage. Typical Commercial Plans have a deductible, co-pays and then a co-insurance. Which means after your deductible is met, you then share the financial responsibility of covered services with your Insurance Company. There is a lot of plans out there and it all can be confusing. Stay educated and know your policy coverage so there is no unknown cost to you that you don’t know about. Sometimes your Insurance will say a service is covered but there may be “exclusions”. If you ever have billing questions don’t be afraid to ask for help on your coverage from either your Insurance Company by calling their customer service or even speaking to someone in the billing department of your medical office that you currently go to.
If you have a HSA account, don’t forget to use it up before the beginning of the New Year. Insurance policies can be complicated but if you stay educated on your policy you will be able to plan ahead.