Editor’s Picks April 14, 2009
Adoption of Consumer-Driven Health Plans Accelerated by Recession.
prnewswire.com, April 13, 2009
HealthLeaders-InterStudy, a leading provider of managed care market intelligence, reports that more employers are opting for consumer-driven health plans (CDHP) as they look for ways to reduce costs. (Read More)
Staying Covered After a Layoff.
washingtonpost.com, April 13
You can lower the cost of individual health insurance by increasing your deductible. And if your deductible is at least $1,150 for individual coverage or $2,300 for a family plan in 2009, you may qualify for a health savings account — and contribute tax-deductible money that you may use tax-free for medical expenses in any year. (Read More)
Health Future Seen in Savings Accounts.
denverpost.com April 8, 2009
Health savings accounts are the fastest-growing trend in health care, said Andrew Sykes, chairman of Health at Work, a Chicago company hired by Douglas County to coordinate the possible conversion. The accounts have a triple tax benefit - the money goes in pre-tax, grows without tax and can be taken out without tax penalty to spend on health care. (Read More)
Dealing with Medical Costs in Retirement.
modestobee.com, April 6
A 65-year-old couple retiring this year will need about $240,000 to cover medical expenses in retirement even with Medicare insurance coverage, according to Fidelity Investments’ latest health care cost estimate released in March. That’s a 6.7 percent increase over the 2008 estimate of $225,000. Just seven years ago it was $160,000. (Read More)