TodayInsurance.net

Health Savings Accounts or HSAs are a new healthcare financing option introduced in 2004 that allows consumers to set up tax-deferred investment accounts tied to their health insurance policy and to use these tax-deferred funds to pay for incurred medical expenses. In essence, after setting up and funding an HSA in accordance with Federal and state regulations, you will be able to pay for many health-related expenses using pre-tax money. For most people, this is equivalent to receiving a 15% to 40% discount on qualified medical expenses! Consumers will realize even further savings by purchasing health insurance with a high deductible level — a condition necessary to qualify for an HSA. In most cases, the benefits available under the HSA will offset the risk of that higher deductible level.

Let s look at how an HSA is normally established to better understand how this financial instrument works. An individual or family needs health insurance coverage, but must manage their overall expenses for (more...)

If you are interested in learning what Medicare thinks about bath lifts, read the following article before you make your decision to purchase a bath lift for your home. One of the top five most popular questions that patients and doctors ask WILL MEDICARE REIMBURSE FOR BATH LIFTS? If you are like most Medicare insured patients, you may have asked yourself what bathroom aids will or will not be reimbursed since it seems to change quite often.

Most bathroom equipment is not covered under this type of insurance except the standard Commode! Medicare considers a bath lift as a non-covered item and will decline your claim in most cases. As silly as it sounds, they feel bath lifts are a “luxury item” and are not deemed a necessity. However, like all medical equipment, bath lifts can be reviewed on a case by case bases if requested. We have found that claims for items such as bath lifts, stair lifts, lift chairs and vertical platform lifts can be submitted and will initially be denied but (more...)