14 THE GREENSBORO TIMES Health Insurance > from page 1 Next, you want to consider the different kinds of plans available. You


are likely to run in a bunch of acronyms, like HMO or PPO. The type you choose will help determine your out-of-pocket costs and which doctors you can see. Compare each plan’s summary of benefits to learn more. Your HR department or the online marketplace will usually provide a summary and show the cost of the plan near the its title.


Finally, weigh your cost options and your healthcare needs. Decide


whether you want more health coverage and higher monthly premiums, or lower premiums and higher-out-of-pocket costs. When making this decision, consider the healthcare needs of you and your family. If you are single and in great health, maybe you do not want to pay high premiums. If you have a family, numerous prescriptions or past health issues, more coverage with higher monthly premiums might be a better option.


What other items should we think about during this period, beyond healthcare? If you have the option of receiving life and unemployment insurance,


i would recommend purchasing this coverage. It is usually inexpensive and it will protect you and your family from financial hardship. Remember, 1 in 4 Americans will be involved in an accident that prevents them from working for a period during their life. You want to make sure that if something happens to you, this is not financially catastrophic for you and your loved ones.


Second, the open enrollment period is a great time to review your


retirement needs. Most employer-sponsored retirement plans allow you to make changes at any time, but this is a great time to consider this benefit as well. You want to make sure you’re contributing to your retirement plan, if you have one. And if your employer offers matching, be sure you’re getting all the free money on the table. It is also a good time to talk to your financial advisor about your portfolio mix and performance.


Last week, President Trump signed an executive order that, among


other things, ends subsidies to health insurers that help low-income Americans pay out-of-pocket medical expenses. How will that affect health care options next year?


It is not likely to have an effect for 2018, due to the timing. The


changes in regulation still take time to propose and go through a public comment period. The order also does not lift the requirement that most


We still have spaces for Fall 2017 336-558-1126


FAST & EFFECTIVE Safety & security ARMED & UNARMED


LICENSED SECURITY UNIFORMED &


PLAINCLOTHES Safety


Americans have some form of health insurance for the year or face a tax penalty. In addition, numerous states have lined up to block the order in court.


However, in the longer term, this could mean that insurance companies can sell stripped back plans that provide less coverage, and it could mean more comprehensive plans could see their premiums rise. We will have to wait to see what the ripple effects are over time. At this point, it should have minimal impact on your 2018 coverage options or premiums


COMMERCIAL


NOW YOU CAN FEEL SAFE & SECURE


COMM’L -RES-IND’L


We are the leaders in uniformed guard services throughout the region!


Our experienced officers will ensure your safety and security 24/7 while working within your budget.


We serve construction site, residential property managers, commercial property managers, major events, schools, Gov’t properties


CHIEF L. JONES SR SAFESECURE@LIVE.COM


\


APARTMENTS COMMUNITIES


PARTIES &


MAJOR EVENTS


SHORT & LONG TERM WORLDWIDE PROTECTION


SERVICE AGREEMENTS SAFE & SECURE


4925 West Market St Greensboro, NC 27407


www.safesecureworldwide. com


open 24 hrs


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16