Doxcost - The Ultimate Guide To Health Insurance

#011 - Learn the components that affect the price you pay for your health insurance so you can save your hard-earned dollars.

This is Scott Dowling's second in a series of episodes that will help you understand how your health insurance is priced.  Scott presents the cost components in easy-to-understand way. 

Get the episode freebie here:

DOWNLOAD: What Makes Up A Dollar Of Your Insurance Premium

In the next episode, we'll look the specific variables that underwriters look at when pricing your specific risk, whether as an individual or as part of a group.

As always, I appreciate you very much.  Tell your family, friends and co-workers to give Doxcost a listen.

We're all in this together!

Support the show

Book a One on One with Scott now!  Click the link below!

Not sure which health plan fits you best?

[Pick My Best Plan - Book 1:1]

New to or want to better start saving tax-free?

[Start My HSA The Smart Way - Book Now]

#010 - Learn how your health insurance is priced by actuaries and underwriters as they look at group vs. individual risk.

Health Care is not health insurance!  Our mantra!  Our cry!

Don't let anyone fool you......your health insurance coverage is for you, not anyone else.  Your health insurance transfers your risk of financial burden to the insurance company in the event of an unforeseen accident or sickness.  The payment is to you by way of your contract with the insurance company or your employer's contract with the insurance company.

Think of actuaries as fashion designers like Versace, Dior or Ralph Lauren.

Think of underwriters as the tailors who mold the fashions specifically to each man and woman who wear each and every design.

Get the Doxcost infographic that illustrates how each dollar of your premium is allocated to each player in the delivery or your policy and payment of your claim.

Join us next time as we continue to discuss how your health insurance is priced and why it matters to you.

Thanks, as always, for your support.  Don't be shy to ask your questions!  And Tell A Friend!

Support the show

Book a One on One with Scott now!  Click the link below!

Not sure which health plan fits you best?

[Pick My Best Plan - Book 1:1]

New to or want to better start saving tax-free?

[Start My HSA The Smart Way - Book Now]

#009 - Know what you have! Grab your policy or the plan outline  provided by your employer and review your coverage now, at the beginning of the year.

Understand what you will have to spend if and when a claim arises and set money aside, as best as you can, to cover the total.

Know the following:

Deductible amount

Your percentage share of Coinsurance

Your Out of Pocket Maximum (OOP)

Your premium - over the course of the year, not just for one month or one pay period

If you have a spouse and/or children, check to see if your deductible/OOP is double or more

If  you have a Health Savings Account (HSA), know your annual maximum contribution and fully fund your HSA as best as you can  - over 55 years old.....contribute an additional $1,000 and open a separate HSA for a spouse and contribute another $1,000

I recommend Lively HSA.  Lively is free, online and paperless.  I receive nominal compensation from Lively at no cost to you.

https://doxcost.com/lively

I appreciate you very much!  Thanks, as always, for your support.  Subscribe and tell your friends!

In the next show, we'll discuss how health insurance is priced and why you need to pay attention to how much you are charged by your doctor, hospital, pharmacy and other providers.

Support the show

Book a One on One with Scott now!  Click the link below!

Not sure which health plan fits you best?

[Pick My Best Plan - Book 1:1]

New to or want to better start saving tax-free?

[Start My HSA The Smart Way - Book Now]

#008 - Health Questions posed by Jamie Crosier of Organize Like A Pro podcast.  Jamie and her listeners have questions just like you!  Doxcost is here to help.  Learn why your premiums are lower and you save when you Organize Like A Pro and utilize a High Deductible Health Plan.  When you have a Health Savings Account, you can budget and plan to be 100% covered and spend the least amount of money every year for health care expenses.

You have questions!  Submit your questions @

https://doxcost.com/ask

Visit Jamie Crosier and Organize Like A Pro @

https://doxcost.com/organize 

Listen to our next podcast to learn what you need to do now in 2021 to make the most of your health insurance dollar...

Support the show

Book a One on One with Scott now!  Click the link below!

Not sure which health plan fits you best?

[Pick My Best Plan - Book 1:1]

New to or want to better start saving tax-free?

[Start My HSA The Smart Way - Book Now]

#007 - By filling up your HSA now, with the maximum contribution for 2020, you will virtually eliminate any surprises for 2021.  Plus, you'll get a nice return on the money you contribute now when you file your 2020 taxes in a few weeks.  By maximizing your contribution to your Health Savings Account, you can help ensure you have 100% of your deductible covered for 2021.

Doxcost is all about getting 100% covered and lowering the cost of your health insurance.  Stick with Scott W. Dowling as he shows you how!

When you get your High Deductible Health Plan (HDHP), get your Health Savings Account with the HSA provider Scott uses, Lively!

 Click here for Lively Health Savings Account

Next Episode:  What to do to start 2021 on the right foot....

As always thanks for your support!  Subscribe and Tell A Friend!

Support the show

Book a One on One with Scott now!  Click the link below!

Not sure which health plan fits you best?

[Pick My Best Plan - Book 1:1]

New to or want to better start saving tax-free?

[Start My HSA The Smart Way - Book Now]

#006 - It's the Thanksgiving Show, but it's after Thanksgiving.  Parents and Grandparents will definitely learn some good stuff!  Scott W. Dowling discusses some of the things that came up in discussion with recent college graduates who have new employee benefits with their new employer. 

Since it is the end of 2020, Scott tells you how you can earn an easy (and healthy) return on your savings just by contributing to your Health Savings Account before the end of the year.

You can have more than one Health Savings Account.

You do not need to use the one provided by your employer.  See if it has the lowest fees, is easiest to use, is online and paperless, and gives you the full capacity and all of the options to make the investments that are right for your personal risk tolerance level.

Scott uses Lively HSA.  It is FREE.  It is EASY to use.  It is PAPERLESS.  It offers full investment OPTIONS.  Learn more by clicking the link below:

https://livelyme.pxf.io/2Ox2Q

Thanks, as always, for your support.  Tell a friend about Doxcost - subscribe on Apple Podcasts or wherever you get your podcasts.  Next show, we'll cover a little more on HSAs and why relying on your employer for payroll deduction may do more harm than good!  You can always visit us on Twitter @doxcost or on the web:

https://doxcost.com

Let us hear from you!

Support the show

Book a One on One with Scott now!  Click the link below!

Not sure which health plan fits you best?

[Pick My Best Plan - Book 1:1]

New to or want to better start saving tax-free?

[Start My HSA The Smart Way - Book Now]

#005 - Learn the rules for Health Savings Accounts and High Deductible Health Plans for 2021.

Learn how to qualify for a Health Savings Account, what the contribution limits are for 2021 and how the deductible and out of pocket costs for the High Deductible Health Plan are limited, both high and low.

Thanks for listening and subscribing to the show!  Tell your friends and family, too!  It is time well spent.

Our next show gives thanks for the opportunity to take care of our families and ourselves.....it's Thanksgiving week!  So long for now!

Support the show

Book a One on One with Scott now!  Click the link below!

Not sure which health plan fits you best?

[Pick My Best Plan - Book 1:1]

New to or want to better start saving tax-free?

[Start My HSA The Smart Way - Book Now]

#004 - A High Deductible Health Plan (HDHP) plus a Health Savings Account (HSA) is far less expensive than a traditional lower deductible PPO plan like you probably have now.

With a High Deductible Health Plan and and HSA:

• The premium you pay is likely far lower
• The amount of your out of pocket expenses is likely far lower

if you need help, visit:

https://scottwdowling.com/contact/

Your questions are always welcome!  Ask away:

https://doxcost.com/questions/

Coming up on the next episode how to make sure you are in the right High Deductible Plan so you're legal and socking away the most money for yourself.

As always, thanks for listening!  Hit subscribe to always get the latest and save the most on your health insurance.

Like the music?  Find my pal, Morgan Fingleton, here:

https://morganfingleton.com

Support the show

Book a One on One with Scott now!  Click the link below!

Not sure which health plan fits you best?

[Pick My Best Plan - Book 1:1]

New to or want to better start saving tax-free?

[Start My HSA The Smart Way - Book Now]

#003 - Know why you get insurance through your employer and how it saves you money overall.  Learn a brief lesson as to how employer-based insurance got its start and build your foundation of understanding all of the advantages available to you from your health insurance  that would not be available if you were left all on your own.

Plus........get a helpful tip on how to make the most of your deductible.

https://doxcost.com

Thanks for listening.  if you need help, give me a shout!  I am here to help!

https://scottwdowling.com/contact/

Support the show

Book a One on One with Scott now!  Click the link below!

Not sure which health plan fits you best?

[Pick My Best Plan - Book 1:1]

New to or want to better start saving tax-free?

[Start My HSA The Smart Way - Book Now]

#002 - You want to be 100% Covered by your health insurance plan.  Learn what you need to know and ignore the rest.

Learn how to tackle open enrollment by getting organized.  I'll help you remove the unnecessary clutter that accompanies your enrollment into your new health insurance plan.  Set up your plan so that you are 100% covered while paying the least amount for your health insurance coverage.

www.doxcost.com

Be sure hit the Subscribe button to stay up on the latest info.

Thanks for listening and always holler when you need help!  

https://scottwdowling.com/contact/

Support the show

Book a One on One with Scott now!  Click the link below!

Not sure which health plan fits you best?

[Pick My Best Plan - Book 1:1]

New to or want to better start saving tax-free?

[Start My HSA The Smart Way - Book Now]