Don't be a fool: Avoid mistakes that could cost you
If you have recently graduated from high school or college and are on your way into the workforce, you've got a lot of important decisions to make — including figuring out your health benefits options — to keep you feeling and looking your best. allaboutthebenefits.com gives you the information you need to make better health benefits choices.
Here are 10 tips to avoid common missteps when managing (or not managing) your health plan's offerings:
- Reevaluate your benefits during key life events like switching jobs or getting married. Click here for more information.
- Take time for Open Enrollment—it's likely the only time you'll have all year to make changes.
- When you can contribute to a tax—free health account such as a Health Savings Account—go for it.
- Opt for generic vs. brand name prescription drugs if possible, they cost less. Click here to read more.
- Always aim for in-network docs, hospitals and services. Out-of-network means more out of your pocket.
- If you use your preventive care services like annual check-up appointments you may save yourself from paying medical expenses down the road.
- Flexible Spending Account (FSA) dollars go back to your employer at the end of the term—use it or you'll lose it!
- Don't forget to get a referral before seeing specialists, if you don't you may end up paying!
- Get pre-authorization before surgery so you're not stuck with a bill.
- Stay on top of your Explanation of Benefits and if things don't match up—speak up through the claims and appeals process.
