HSA’s and Maternity Coverage

I’m pregnant, and I own an HSA Health Savings Account plan.  What do I do? First, congratulations on your baby!  Planning financially is the one item that most think about first. Employer Group HSA plans:  if you are on a employer HSA plan, maternity is most likely covered and subject to the deductible. Be sure you stay in network, and open up a HSA bank account at some institution immediately.  Only expenses after you set up the HSA account are eligible for a tax deduction.  You will probably hit your deductible, and the entire amount may be tax deductible depending on the deductible...

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Low balance in your HSA? Need to see a doctor?

Everyone needs health care at some point in time, but not everyone has prepared accordingly, or in a financial position to take care of surprise expenses. This often occurs with people who own Health Savings Accounts.  The good news is that if you understand the tools you have access to with your HSA plan, you can recover quickly if you are HSA educated! Here is the game plan if you find yourself in this predicament: First, take care of your health.  Go to the doctor, stay in network, and you’ll get the network discounted price. Have the doctor send a claim to the insurance company, it...

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Blood & Lab Work Without a Prescription

Laboratory tests is one area that proves the consumer can reduce medical pricing if injected into the purchasing and decision making process. There are many players in the business like DirectLabs and MyMedLab who provide consumers access to transparent pricing, at low cost with high quality service. Consumers always demand the best quality at the lowest price in every industry…..except for health care. In addition to saving on the actual cost of the lab, the consumer no longer has to pay a doctor to write the lab prescription, and no longer has to pay a doctor to read the results....

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