Money Moves for 2006, Part 4: Your Health
Another day, another installment of Money Magazine’s tips for financial success in 2006. Today’s topic is your health, and it comes complete with three tips designed to improve your bottom line, and to help make sure that you’re around to enjoy your savings…
(1) “Take advantage of new Medicare plan.” If you’re eligible, sign up for the new Medicare prescription drug plan before May 15, 2006. If you’re eligible but don’t sign up, you may end up paying a higher premium in the future if you eventually choose to enroll. Once enrolled, you’ll be able to switch plans without penalty between Nov. 15 and Dec. 31, 2006. If you need more information, visit medicare.gov or call 800-MEDICARE.
(2) “See what your job offers.” Many employers (including my own) are offering wellness programs in an attempt to cut health care costs. Not only are these programs a great way to get healthy, but they’re often incentivized, earning you a bit of cash each month for participating.
(3) “Consider generics.” This really should go without saying. If you’re filling a prescription and you can get a generic, then you’re a fool not to do so — name brand drug prices are high and getting higher, whereas generic prices are more or less flat over the past year.
Read Part 1, Your Home
Read Part 2, Your Portfolio
Read Part 3, Your Job
You’re reading Part 4, Your Health
Read Part 5, Your Family
Read Part 6, Your Spending
[Source: CNN/Money]
Published on November 22nd, 2005 - Leave a Comment
Filed under: Insurance
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About the author: Nickel is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!
Related articles...
» One Year Ago This Week (November 19th – November 25th)» Money Moves for 2006, Part 3: Your Job
» One Year Ago This Week (November 12th – November 18th)
» Money Moves for 2006, Part 1: Your Home
» Money Moves for 2006, Part 5: Your Family
» Money Moves for 2006, Part 6: Your Spending
» From the Archives (November 18th – November 24th)
» Money Moves for 2006, Part 2: Your Portfolio
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