Don’t really know what a health savings account is? Then you’re way overdue to fire your broker!

In my travels, I ask many community and business leaders if their health insurance plans include a health savings account (HSA). “Yes, I think so” is the most common answer I get, but that is quickly followed by “that’s the thing where we have to predict what our out-of-pocket spending might be for the year …

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Don’t have an HSA? Here’s why you need one.

Since their creation as “tax-advantaged” accounts by Congress in 2003, the prevalence of health savings accounts (HSA) has been growing steadily despite the reality that the health insurance industry doesn’t like them. Even with the industry floating “Fear, Uncertainty and Doubt” (a.k.a. FUD-factor), consumers are starting to see the light when it comes to high …

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Not happy about your salary increases (or lack thereof) over the past decade? You might want to blame it on healthcare.

While many factors may be contributing to the lack of salary increases in America, have you considered that one of the biggest culprits might be the rising cost of healthcare? In the past decade alone, health insurance premiums for families have risen 73%, dramatically outpacing increases in family income (read more here about the study …

Not happy about your salary increases (or lack thereof) over the past decade? You might want to blame it on healthcare. Read More »

Steve Forbes Prescribes Price Transparency to Remedy Our Skyrocketing Healthcare Costs

Currently, the patient isn’t the “customer”; so says Steve Forbes, Editor-In-Chief of Forbes Magazine. Transforming patients into customers also means empowering them to shop for lower-cost healthcare like they already do for other purchases. Sadly, that hasn’t been possible so far—you can’t Google to find the lowest-cost, high-quality provider that’s also nearby for a medical …

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For mature audiences only

Just when you thought we were done talking about health savings accounts, here we are again talking about HSAs. We’ve outlined HSAs before, but new reports indicate that they may be more of a necessity than simply an added benefit. One thing we’ve spent a lot of time discussing is the use of HSAs as …

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Huge opportunities for HSAs in coming era of private exchanges

“Driven by the emerging private health exchange sector, health savings accounts may be poised to quadruple their growth over the next six years,” according to a report published by Consumerdriven, LLC and HSA Consulting Services, LLC. “While health savings accounts have experienced a steady growth rate over the past decade, health exchanges, especially private exchanges, …

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Could the controversial decision of three major hospitals save thousands of lives?

There’s been a lot of buzz around hospital systems lately—mostly about mergers and acquisitions and consolidations. But something else has been making headlines recently in the hospital system world: quality. More specifically, the industry is questioning whether or not the number of times a procedure has been performed is an accurate indicator of quality. Currently, …

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7 ways to take control of your physical and financial health in 2016

Happy New Year from the MyMedicalShopper Team! Yup, it’s 2016. And with a new year, comes new goals, and trends, and fads. If you’re looking once again to take control of your healthcare, we’ve got some easy ways to ensure you’re able to take control physically and financially. They’re easy. Really easy. We’re pretty certain …

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Despite law, healthcare price transparency remains murky in MA

If you’ve been keeping up with healthcare news this week, you may have noticed the headlines buzzing about the demand for price transparency or the lack thereof—even in states where it is required by law. The Health Care Cost Institute (HCCI), a non-profit, non-partisan organization—supported by Humana, Aetna, Kaiser Permanente, and UnitedHealthcare—made waves this week …

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