Dedicating time and headspace to planning can set you up for a health care approach that’s preventive rather than reactive, and that can offer peace of mind.
Do you have a health care notebook?
Being organized is the key to preparation during stressful times, so keep a journal or even use an app on your smartphone.
- Notes during doctor appointments
- Questions for your provider
- Plan of action between visits
- List of medications, dosages, and regimen
- Results of recent blood work, blood pressure, and other tests
- Dates of vaccinations, ongoing treatments, and surgeries
Do you know the lingo?
Knowing the basic medical verbiage can help you with better decision-making when you’re under pressure.
- Premium: The amount you pay for your health insurance every month
- Deductible: The amount you pay for covered health care services before your insurance plan kicks in
- Co-payment: A fixed amount you pay for a covered medical service
- Coinsurance: The portion of the cost of a covered health care service you pay after you’ve paid your deductible
- Out-of-pocket maximum: The most you pay for covered services in a plan year
Do you have tools to help with Medicare?
Make it a habit to review your plan during each open enrollment period. Things change in life and coverage, and you don’t want to be caught unaware.
If you feel like you need help organizing your health care, Mosaic is here to help. Plus, a quick call this month might bring to light any portfolio management oversights.
We’d Love to Help You With Your Medicare Plan
Disclosures
This document is for educational purposes only and should not be construed as legal or tax advice. One should consult a legal or tax professional regarding their own personal situation. Any comments regarding safe and secure investments and guaranteed income streams refer only to fixed insurance products offered by an insurance company. They do not refer in any way to securities or investment advisory products Insurance policy applications are vetted through an underwriting process set forth by the issuing insurance company. Some applications may not be accepted based upon adverse underwriting results. Death benefit payouts are based upon the claims-paying ability of the issuing insurance company. The firm providing this document is not affiliated with the Social Security Administration or any other government entity.
