Protect and ensure the fair treatment of consumers. Ensure fair competition in the insurance industry to foster a competitive market. Administer the Texas’ workers’ compensation system as provided by the Texas Labor Code. Ensure that the insurance code and other laws regarding insurance and insurance companies are executed. 5. Why is insurance so complicated? My thoughts on why health insurance is so complicated are due to the fact that from the start of obtaining healthcare insurance to the end of the payments process of health services rendered. Is multiple percentages of cost that are
covered as well as the percentage that the insured/ provider/insurance policy is responsible for. When all this comes into play things can get very complicated and confusing to the member. Trying to place a cost on a procedure that could save a person’s life could get very complicated. 6. What are the Pro’s and Con’s of Using an HSA (Health savings Account) for myself? Pro’s : I would benefit from an HSA in the fact that I could put money in that account to cover the cost of my yearly deductible as well as my OOP (Out- Of – Pocket). If this was covered by the money I have in an HSA I would have a lower patient responsibility on my healthcare bills because my DED and OOP would already be met. Cons: To be qualified for HSA you most of the time have to have HDHP( High deductible Healthcare plan). This would cost you more to save you more. It kind of seems a little contradictory to me. To have to pay more to save more. In my case I feel I would save more on healthcare costs if I had an HSA due to the fact that I have extensive healthcare issues and lifelong disease of my liver, so my health bills are quite high already. And if I could curb that cost by having money available to take care of my DED and OOP earlier in the year than my percentage I have to pay would be cheaper earlier yearly. This is why I would be motivated to reduce my healthcare costs. 7. Does the requirement of referral from the primary care physician keep cost down?
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- Fall '17
- Susan Heybourne