This settlement gives consumers the peace-of-mind of knowing that their 'annual' out-of-pocket
costs won't change in the middle of the year," said Consumer Watchdog lead attorney Jerry Flanagan.
Since many women are unaware of the ACA's contraception coverage mandate, the impact of the mandate will "depend on how sensitive consumers are to out-of-pocket
expenses for contraceptives and how many women were dissuaded from using contraceptive products by that expense before the mandate's implementation," they wrote.
People with limited income also may qualify for help to reduce the out-of-pocket
costs of a plan
Nearly half (43 percent) of all out-of-pocket
dollars were spent on professional procedures, such as doctor visits and lab tests.
eHealth's 2013 Medicare Choice & Impact Study, published on DATE, found that the average person on at least one prescribed medication would save an average of over $1,200 in out-of-pocket
prescription drug costs in 2013 by enrolling in Part D coverage, either through a PDP or MAPD.
CI helps provide financial protection against direct and indirect out-of-pocket
costs associated with a specified critical illness.
Also, while the average price per admission for substance use care was lowest when compared with mental health and medical and surgical care in 2011, the average share of out-of-pocket
spending for substance use care was highest, at 12 percent.
Spending After Parity Law: In 2011, out-of-pocket
payments for mental health admissions more closely aligned with payments for medical/surgical admissions.
Most of the time, even with medical riders and exclusions, an HSA plan can deliver a better health plan solution with a lower premium, a lower out-of-pocket
risk, and a reduced tax burden.
The study found the greatest increases in out-of-pocket
expenses were for people with private health insurance, including many middle- and higher-income families.
FSAs are used to pay for those out-of-pocket
expenses that can hurt an employee's pocketbook--things such as co-pays, co-insurance, prescriptions, high-cost dental treatments and necessary vision care such as glasses and contact lenses.
Americans spent almost $34 billion out-of-pocket
on complementary and alternative medicine (CAM) during a 12-month period, according to a 2007 government survey.