(ARA) – In these tough economic times, everyone is looking to save more. While you may have already found ways to save on everyday household expenses, you may be overlooking one important area: tools that can help you save and pay for health care needs.
You have a window of opportunity once a year to make changes to your health care benefits plan, but during this time people often overlook valuable tools that can assist in managing health care expenses.
OptumHealth Financial Services, a UnitedHealth Group company, suggests several ways families can save on health care costs this year and prepare for the future:
* With flexible spending accounts (FSA) and health savings accounts (HSA), you put aside pre-tax money for health care expenses and any money you withdraw for medical reasons is also tax-free.
* Long-term care insurance can help you should you develop a chronic illness or a disability that can be treated outside a hospital.
* Short-term disability coverage pays a percentage of your salary if you become temporarily disabled, meaning that you are not able to work for a short period of time due to sickness or injury.
For more tips on saving and paying for health care, visit www.myOptumHealth.com for detailed tips and guidance on how to make the most out of your health care dollars.