Monday, April 5, 2010

LW MONDAY: Finances - Insurance

Blessings, Darlings!

Yeah, I know that most of you Americans who read this are preoccupied with taxes right now. But while I'm writing on Financial Wellness today, it's not taxes that I'm writing about. It's the equally-confusing area of INSURANCE.

Since almost all blogging is personal, this was brought on by the health insurance company we currently have our business policy with sending us our renewal. And 20% rate increase. And since I was rather depressed and non-fuctional last year when we renewed I didn't notice that they had cut what they cover - from a $10/20/40 plan for drugs to a '75% coinsurance' plan.

Ya know how coinsurance USED to mean that if you were married and your spouse ALSO had insurance on you, claims would be split between the companies? That's not what it means now. "Coinsurance" NOW is code for 'copay'.


But it does explain why I've been paying a fortune for the drugs I'm trying to improve my health in order to get off of.

So - I'm suggesting that if you haven't check over ALL your insurance policies lately, it's time you did. Health, life, long term disability, homeowners/renters, car, whatever you have.

And shop around. It's not as hard to do now that you can do it online. I remember helping a friend shop around for his first car insurance in high school. I had to do it by phone, calling a multitude of agents for different companies. It took forever. OTOH, even then I could do it from the comfort of my room.

So far, in the few hours I've spend today - Easter, by the way. Happy Easter to those who celebate it - I've identified a new plan with a different company that looks like it will be both less expensive and cover my meds more. Take THAT, current company! I have till June 1 to lock a new plan in place, so I can fully research everything.

Go forth and be wonderful!

Frondly, Fern

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