Health Care Consumers’ Decisions Have Financial Impact
The Wall Street Journal reminds readers about how shopping around can reveal that health prices can vary, even in the same area, by thousands of dollars. Meanwhile, The Associated Press offers tips on how to set the "right amount" for a flexible spending account.
The Wall Street Journal:
Why It Pays To Shop Around For That MRI
Consumers may drive across town to save a few bucks on a gallon of gas or $1 on a gallon of milk, but when it comes to health care, those same buyers aren’t as price-conscious. That is a problem for companies as health costs continue to rise, and it’s increasingly a problem for workers, too, as high-deductible health plans force employees to spend more out of pocket. (Silverman, 11/1)
The Associated Press:
How To Choose The Right Amount For Your FSA In 2017
November is typically open enrollment time for millions who get health insurance, disability insurance and other benefits from an employer. If you’re one of them, among your important choices is whether you want a flexible spending account and how much money to deposit. FSAs are available through some employers as a part of benefits packages. You can spend FSA money only on “qualified medical expenses,” which are determined by the IRS. (Glover, 11/2)