What Is Consumer-driven Healthcare?
Consumer-driven healthcare is a label that we've put on a movement in America to change the way decisions are made in our healthcare system. Instead of insurance companies making all the decisions about how people will receive their healthcare, consumers are taking back the power over their own lives.
Likewise, the days of a patient totally putting their lives into their doctor's hands are over. People don't trust doctors to always do the best thing. How could they? The doctor does not know the situation as well as the patient. It must be the patient's choice, and they must be making an informed choice, not one based on a five minute sales pitch from a doctor.
If consumer-driven healthcare sounds good to you, that's because it is. It is a very good thing. Dr. Bernie Siegel, a holistic MD and author, noticed many years ago that the patients who took the most interest in their own well being while in the hospital had the best recovery rates from diseases and injuries. These patients are called "troublemakers" by hospital staff. But the truth is, they live. The "compliant" patients die in much greater numbers. Take your pick.
The consumer-driven healthcare revolution is represented in the insurance industry by the emergence of the health savings account (HSA). This is a savings account (like a bank account) that allows you to save tax-deferred money for healthcare expenses whenever you might need it. You can take the money out without paying tax, as long as you're using it for healthcare expenses.
The Health Savings Account allows people to use a much higher deductible on their health insurance, reducing the cost of insurance payments by 40%, 60% or even 80%.
My wife and I would pay about $1000/month for low-deductible health insurance. But with a high-deductible plan and an HSA, we pay $175. That's an $825, or 82.5% savings every month, $9,900 a year. That buys a lot of yoga classes, or acupuncture treatments, or massage therapy. Or it can go towards a very nice retirement savings. Or a car after two years. Whatever we like.
The downside of consumer-driven healthcare is that whenever you take over control of a situation, you also have more responsibility. You have control of your healthcare dollar, but now you have the responsibility to spend it in the right places. And you need the discipline to do what you know is right. That's often very hard.
But overall, consumer-driven healthcare is a big step forward. In the next two or three years, many Americans will take charge of their own healthcare.
Join the consumer-driven healthcare revolution! You'll save money, be healthier and have more choice over your own life.
Daryl Kulak is the author of Health Insurance Off the Grid, a book that provides a simple, effective plan to reduce insurance costs for the self-employed, unemployed and underinsured. The book is available at the Website http://www.healthoffthegrid.com
Buildings Insurance And The Threat Of Flood
What is the impact of increased flooding risk in the UK? What happens if your home becomes effected by flood?Flood is an increased problem in the UK. Buildings insurance companies are concerned ...(related: Insurance)
Taking The Mystery Out Of Long-term Care Insurance
Here's the good news: with improvements in medicaltechnology and healthier lifestyles, people are livinglonger. Life expectancy today has increased to 83 years, upfrom 78 years in 1940 (The Shopper's Guide to Long-term CareInsurance from the National Association of InsuranceCommissioners).However, ...(related: Insurance)
What Is Car Insurance?
Car Insurance is compulsory in the UK. You are required by law to have a policy to cover your liability to other road users.The Road Traffic Act requires all motorists to be insured against their liability for injuries to others (including passengers) and for damage to other people's property resulting from use of a vehicle on a road or other public place. It is an offence to drive your car or allow others to drive it without insurance.Owning and driving a car means taking on many risks to yourself and others. When a traffic accident happens, damage, injuries, loss or all of these factors may be inflicted upon you and others. Damage and loss of your property may also occur. Fire, theft, vandalism and natural disasters are other possible risks.Car Insurance protects motorists and drivers ag...(related: Insurance)
Need A Car Insurance Comparison? Dont Have Time?
If you decide not to do a car insurance comparison and simply renew your insurance at the same rate, you could be paying away needless amounts of your hard-earned money. By doing a car insurance comparison, you could get a cheaper rate than what you are presently paying.A car insurance comparison rate is quite easy to do from home on your computer. This way you don't have to spend time during the day contacting the various insurance companies during their business hours. You can sit down at any time of the night and do the car insurance comparison yourself by requesting free quotes from the various online ...(related: Insurance)
How Much Car Insurance Should You Buy?
Car insurance is one of the most dreaded chunks in your budget. And depending on which state you live in, it could be a smaller or larger chunk of your budget than your neighbors across state lines.How much insurance should you buy? Any insurance agent worthy of their salt will tell you that you should buy as much as y...(related: Insurance)
Talking To Your Parents About Insurance
Who can you talk to about auto insurance? Insurance agents are a good source. However, due to their life lessons, their love, and their own f...(related: Insurance)
A Guide To Insuring Your Sailing Dinghy
If you've just bought a dinghy or are thinking about changing insurance companies, Noble Marine's Guide to insuring your dinghy may help you decide the sort of policy you need.Both the cover provided by different Insurance Companies, and the service they offer, can vary greatly. Bear in mind that a cheaper policy may end up costing you more, if you have to make a claim and you should always check what cover is being offered before signing up.
Are You Sure That Heirloom Oriental Rug From Your Aunt Hilda Is Really Insured?
Gone are the days of the cinder block and wood plank bookcases. You've come along way from that old reliable jut rug and CDs (or in some cases, actual vinyl albums) stored in milk crates. That's the way it is with first apartments, and sometimes second and third apartments too. It's what you were able to afford when you first set out own your own. And it was fun, sort of. But today's a new day, and you've paid your dues and then some. You're the king or queen of your own castle, a castle as well-appointed as any luxury model home, with beautiful area rugs, antique furnishings, and other treasurers that you'd hate ever to see lost.Because your home, and to a certain extent the items in that furnish it, will most like...(related: Insurance)
A Life Insurance Quote Became Reality
Life insurance quoteThank goodness John took his life insurance quote seriously. It didn't prevent our daughters from wishing he were still here but thanks to his foresight they and I still have the things he worked for because he turned that life insurance quote into...(related: Insurance)
Motor Insurance With Pass Plus
Is pass plus really worth it? What motor insurance discounts are available to people who have passed the course? Is it easy?In the UK, pass plus is run by the driving standards agency who administer the course. Pass plus was set up by the DSA in conjunction with isnurance companies who wanted to reward young drivers who took a responsible attitude towards tehir safety on the road.The course consists of six varied one hour lessons. You can only take the course once you have passed your driving test. Your driving instructor has to be recognised to be able to instruct on the course.The process is that you take six lessons. Each lesson is designed to educate newly qualified drivers in ...(related: Insurance)
Health Savings Accounts
Most people with health insurance, especially employer paid health insurance, really don't know what their health care costs are. Furthermore, in many cases, they are limited in which health providers (doctors, hospitals, pharmacies etc) they can use.Most people are locked into a network of doctors. They know what the co-pay is, but have...(related: Insurance)
About Online Term Life Insurance Rates
Online term life insurance ratesHow simple it is today finding online term life insurance rates. At the click of your little mouse, fingers on the keyboard off we go into the world of cyber space. Never before have we had...(related: Insurance)