Health Care Costs - Family

I’m Miriam Neff, and I’m Valerie Neff Hogan, with Wise Women Managing Money

M One rapidly changing budget item is health care costs.  Both health insurance costs and out of pocket costs are rising.  Expanded government programs, expanded administrative costs, the reasons expand.  Let’s talk about family choices.

V If you are 26 or younger and Mom or Dad’s employer offers health insurance, examine those options carefully.  Usually, providers are limited but adequate.  Choosing the deductible amount is important.  That is the amount you must spend before coverage is provided. Estimate your yearly expenses, even your co-pay.

M The research and time necessary to make good choices is time well spent.  Remember, you have been given your body to care for, and your finances on loan to invest well.