08/18/2014
Here is something most people don't think about regarding Health Insurance.
Out-of-pocket costs are different than out-of-pocket limits. Out-of-pocket limits are established by the IRS and for 2014 they are $6,350 for individual coverage and $12,700 for family coverage. This means you will pay coinsurance – in a variety of ways as determined by your health plan – up to your out-of-pocket limit. These limits apply only to covered expenses, so if you or a family member incurs non-covered expenses, they will not count toward your out-of-pocket limit. This adds to your potential unexpected costs.
There is a way to off set these costs. Let Legacy Consulting Services help you find the best solutions for these escalating costs.
