Doxcost - The Ultimate Guide To Health Insurance

#016 Insurance company transparency is required by both the Affordable Care Act and the new Hospital Price Transparency rule that took effect on January 1, 2021.  Learn how insurance companies are complying and how (if) that helps you. The Patient Protection Affordable Care Act, aka Obamacare, requires insurance companies to publish the prices they negotiate and amounts they pay to doctors, hospit...

#015 Learn how Hospital Price Transparency rule, as directed by Obamacare,  Trump administration rule and Biden administration execution,  will  help you take control and save on your health insurance  premiums and out of pocket costs. As of January 1, 2021, hospitals must publish and provide consumers the price of the services before providing their services. You, the consumer and patient, need t...

#014 - Providers of health care - hospital, doctors, pharma - operate to make a profit, whether they say so or not.  Are you paying too much?  Yes. While insurance companies are often the recipient of consumer ire for the rising cost of health insurance, the cost inputs to those insurance premiums - most notably paid claims (aka the cost of doctors, hospitals, pharma and other providers) have the...

#013 - Learn why the amounts paid to doctors, hospitals, pharma and other providers are the single biggest factors in the cost of your health insurance. Understand how underwriters and actuaries use historical paid claims to forecast future claims, establish reserves and keep pace with inflation.  These amounts are then utilized to create the health insurance rates that you pay. Paid claims are th...

#012 - Learn what everyday stuff underwriters use to price your health insurance. Control what you can and forget the stuff that underwriters use, everyday stuff, like your age, sex and ZIP code, that is arbitrary and you cannot change. If you live in New York or California, your rates are likely to be much higher than the person that lives in Nebraska or Mississippi.  It's not your fault, ju...

#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 Pr...

#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 acci...

#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 -...

#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...

#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...

#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 s...

#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...

#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...

#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 co...

#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 ded...

#001 - Take control of your health insurance!  Scott W. Dowling is on a mission to put you back in control of your health insurance so that you can save more of your hard-earned money while staying 100% covered.  I've got 30 years of industry experience to share, including all of the tricks and tips to put you in control.  Become part of the program by asking your questions here: https://doxc...