We all know that health insurance and healthcare costs seem to be getting higher and higher. Bloomberg published an article about the record-breaking annual costs of health insurance.
In an annual survey of employers, it was found that the cost of family health coverage, in the United States, now tops $20,000. As a result, American workers have felt that they don’t have a choice but to select plans that cover less, cost more, or just force them to opt-out of insurance entirely.
Let’s consider what you could do with $20,000: you could buy an economical vehicle, renovate your bathroom or kitchen, or even pay for almost two years of college for your child. This is just one year that we are talking about, so what about the following years?
Health costs are rising, which means more towards co-payments, paying more towards deductibles, and everything else in between.
Some employers can take on more costs, in order to off-set the rising costs for the employees, but many cannot or will not.
So what can Americans do or what choices do they have in this matter?
The best thing that Americans can do is to take the time to choose a strategy that works for them, instead of opting into the easiest plan to get into. Whether it’s separating family members between the employer plan and an individual plan to reduce costs, choose supplements to help cover deductible costs, or reach out to a broker and patient advocate (like myself) to help guide and negotiate costs throughout the year, Americans have some options.
We don’t have direct control over fighting over the system and the rising costs, but we do have control over how we protect and preserve our health, control over our care, and control over who we choose to have our backs. So let’s work on this together!
Inspired by: Bloomberg