Adjust Text Size

Money Moves for 2006, Part 4: Your Health

Written by Nickel - Leave a Comment

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

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!

Top Cards by Category

CASH BACK CREDIT CARD (see all)

Chase Freedom^® Visa - $200 Bonus Cash Back

Earn $200 Bonus Cash Back after you make $500 in purchases in your first 3 months. 5% Cash Back on up to $1,500 spent in bonus categories each quarter.

AIRLINE MILES / REWARDS POINTS CREDIT CARD (see all)

American Express^® Gold Card

Receive 10,000 Membership Rewards bonus points when you spend $1,000 in 3 months of Card membership.

CREDIT CARD DEALS (see all)

Delta Reserve Credit Card - Enjoy Delta Sky Club^® Access

Earn up to 20,000 bonus miles with your first purchase 10,000 of which count as Medallion(R) Qualification Miles. Earn up to 5,000 bonus miles when you add two additional cards to your account with initial application.

BALANCE TRANSFER CREDIT CARD (see all)

Discover^® More^® Card

Earn up to 5% cash back* in categories that change and enjoy a 0% introductory rate for 15 months on Balance Transfers and 15 months on Purchases.

LOW INTRODUCTORY RATE CREDIT CARD (see all)

Discover^® More Card - $0 Balance Transfer Fee!

Enjoy no balance transfer fee for a limited time. 0% introductory rate on Balance Transfers and Purchases. Earn up to 5% Cashback Bonus in categories that change like gas, restaurants, department stores and more. Limitations apply*

LOW INTEREST RATE CREDIT CARD (see all)

Discover^® More Card - $0 Balance Transfer Fee!

BUSINESS CREDIT CARD (see all)

The Business Platinum Card^® from American Express OPEN

Enjoy amenities for you and your business, like: complimentary airport club access, including American Airlines Admirals Club(R) lounges.

STUDENT CREDIT CARD (see all)

Discover^® Student Clear Card

5% Cashback Bonus in categories that change like gas, restaurants, department stores and more. Limitations apply*. Up to 1% unlimited Cashback Bonus on everything else. No annual fee

GAS REBATE CREDIT CARD (see all)