Playing it Smart with Year-End Healthcare
2016 is fast-approaching: scheduling necessary appointments, tests and surgeries now makes sense.
Pottstown, PA – November, 2015 – When New Year’s Day 2016, rolls around in a few short months, the slate will be wiped clean and everyone will gain a fresh start to another new year.
The slate that’s wiped clean also will include the tally of healthcare expenses you’ve incurred through 2015 which count toward your deductible.
“Now’s the time to play it smart and check to see if you’ve met your deductible,” says Richard McLaughlin, M.D., Chief Medical Officer at Pottstown Memorial Medical Center. “Health plans typically begin paying for the majority—if not all—of your healthcare expenses once you’ve met that threshold. So if you have met your deductible or are close to reaching it, this is the ideal time to maximize your plan benefits and schedule appropriate appointments, testing and procedures. You may save hundreds or even thousands of dollars, depending on what healthcare you need, if it’s obtained before the end of the year.”
Additionally, individuals who have a Flexible Spending Account (FSA) need to check their balance. The Internal Revenue Service requires these accounts, which hold pre-tax dollars set aside to pay for healthcare-related expenses, be depleted by the end of the year or the money is forfeited. This adds another incentive to schedule services now: ensure those hard-earned dollars are spent, not lost.
“Health insurance plans reward individuals who plan and manage their health care, it’s that simple,” says Dr. McLaughlin. “Taking 15 minutes to set-up appointments, now, could save you a significant amount of money. The key is to obtain all the health services you need before December 31, because with the New Year comes a new deductible, and any balance in an FSA account is lost.”
Dr. McLaughlin stresses it’s crucial to be prompt with your scheduling to ensure the test, check-up or procedure can be done before the end of the year. “Getting everything squared-away by early December will ensure the services you receive are considered part of your 2015 coverage and funds,” he adds.
For more information about the services offered at Pottstown Memorial Medical Center, please visit our Services section on this site.
Pottstown Memorial Medical Center, a 232-bed, acute care hospital, is accredited by The Joint Commission. The medical staff includes 260 physicians representing 40 medical specialties and is committed to serving the healthcare needs of residents in Pottstown and the surrounding areas.
The hospital offers an extensive range of services including inpatient and outpatient, medical, surgical, obstetric, pediatric, diagnostic and emergency care as well as primary care, family practice and pediatric offices throughout the area.
A full continuum of care is provided to patients through a dedicated team of physicians, nurses, staff and volunteers. Pottstown Memorial Medical Center strives to exceed patient expectations, while delivering compassionate, safe, quality care.