Phil's Personal Finance Tip of the Day:
Year-End Housekeeping
By AVERY JOHNSON/The Wall Street JournalWith little more than a month left in 2012, it's the time to make the most of your health care.
Most health insurance plans run on a calendar-year schedule. They reset in the New Year, meaning that's when you can expect to see any changes you might have elected to your coverage.
If you're one of the millions of Americans whose health-insurance plan features a deductible, you likely have hit the limit for this year. That means any care you get now will cost you less out of pocket.
"If you have met your deductible, seek out services [your plan] might pay for from the first dollar," says Barry Schilmeister, a partner in the health and benefits business of consulting firm Mercer.
Some examples Mr. Schilmeister cites are having blood work done, dental cleanings, wart removal, getting benign polyps removed and hernia repair—all visits to doctors that he calls "discretionary but wise."
If you've been putting off a surgical procedure—say, a hip or knee replacement—try to schedule one before the end of the year.
To read the entire article from AVERY JOHNSON/The Wall Street Journal:
http://online.wsj.com/article/SB10001424127887324352004578131170548555926.html?mod=WSJ_RetirementPlanning_MoreHeadlines
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