Many businesses are experiencing substantial premium increases in providing healthcare coverage for their employees
Edison, NJ (PRWEB) March 31, 2009
CheckPoint HR Benefits Group, a licensed insurance agency dedicated to delivering a broad range of employee health benefits solutions and custom plan designs, today released its top five tips to help employees save on healthcare costs.
"Many businesses are experiencing substantial premium increases in providing healthcare coverage for their employees," said Patrick Carragher, vice president, CheckPoint HR Benefits Group. "As we move towards consumer driven health coverage, there are a number of ways employees can take charge of their health and costs associated with out of pocket expenses."
1. Work with your Doctor
Most doctors understand the business and processes of insurance. Tap into their knowledge base for the best possible hospitals for specific procedures, Many doctors can provide patients with guidance in negotiating fees and/or working with the insurance companies on lowering out of pocket costs. In some instances, doctors will reach out to the hospital's finance department (on behalf of the patient) and request that consideration be made when dealing with the finances of certain procedures. Bottom line, communicate and work with your doctor!
2. Know ALL of the Benefits available to you
Insurance programs are aligned with a lot of ancillary benefits that consumers should be made aware of. Benefits such as gym reimbursements, employee assistance programs, massage therapy, chiropractic care, acupuncture, vision reimbursements, weight loss programs, free or low cost flu shots or immunizations, disease management programs, health coaching or nurse advice lines, are no cost preventive benefits. Make sure you read the fine print and take advantage of everything that is being paid for via premiums.
3. Be a Smart Consumer
Individuals today have better access to information then ever before. With more control over their own health care, consumers are able to make educated and more informed decisions about options, procedures, costs, and treatment. Some Insurance companies now have released the costs for certain procedures covered under their plans on their Websites. This information allows individuals to better understand the true costs of care before they utilize their plan and allows them to make better financial decisions based upon quality as well.
4. Go Generic
High deductible plans are taking traction in the workplace and with that so does the need for employees to manage their costs with more scrutiny. One consideration for maximizing your benefits without sacrificing quality is to ask your doctor about a generic drug. When working with your doctor, ask them if the prescribed medication has a generic equivalent that will work for you. If there is a viable equivalent, make sure the medication is listed on the formulary list that your insurance carrier make available on their Website.
5. Focus on Wellness
One of the best ways to reduce health care costs is for people to get healthy! Companies today are rewarding employees who are proactive in their decision making and who lead healthier lives through physical fitness and increased presenteeism. Corporate Wellness programs offered today focus on tobacco cessation, know-your-numbers (BMI, Blood Pressure, Cholesterol), walking clubs and programs that increase physical activity and reduce negative behaviors towards health.
About CheckPoint HR Benefits Group
CheckPoint HR Benefits Group is a licensed insurance agency dedicated to delivering a broad range of employee health benefits solutions and custom plan designs. Providing custom plan design and unmatched customer service, paired with competitive rates for their employee health insurance needs, CheckPoint HR Benefits Group completes the CheckPoint HR offering and provides a single-source to manage all aspects of the human resources lifecycle. For more information please visit http://www.checkpointhrbenefits.com or call 800.385.0331.
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