Fort
Collins, CO (PRWEB) July 24, 2008 -- HSA for
America has announced that it is adding billing negotiation services
to its list of benefits for members and website visitors. With INSNET
individuals are given access to a service that was previously only available
to insurance companies and self-funded employers. Now, Americans can
save even more money to fund their HSA
accounts or use for other family expenses.
"INSNET
is excited about our partnership with HSA for
America" says Jack Gillis, President of INSNET, LLC. "Recent
years have shown tremendous growth in the HSA
and High
Deductible Health Plan market. As a result, individuals are paying
more for their healthcare than ever before. In today's economy individuals
are looking to save money any way they can. Individuals with HSA
accounts know it's their money they're spending, not the insurance companies."
Since
1985 Insurance Negotiating Service (INS) has assisted insurance companies
and self-funded employers save millions of dollars by negotiating medical
claims. INSNET brings the knowledge and resources of Insurance Negotiating
Service to individuals and helps them reduce their healthcare expenses.
Having
a patient advocate to help individuals compare prices for medical expenses
will allow them to save more money each year. This will also help to
raise the competition in the market, which will result in lower medical rates
and better health care for all. The idea of this process is similar
to any shopping individuals do - when buying a car or house, looking for the
best deals is priority; the same goes for health care.
"Today's
healthcare industry is not unlike to automobile, airline and hotel industries
which have several reimbursement levels based on who is paying the bill,"
said Gillis. "Between private insurance, PPO networks, Medicare and
Medicaid hospitals and doctors can have over 100 reimbursement rates for the
same procedure. It is possible for adult twins to have the same disease,
receive the same treatment from the same doctor and depending on their insurance
the payment rates can easily vary."
HSA
for America is known for offering money-saving services
for its members and now it is going all-out to provide the best for them.
"INSNET
is pleased to be part of the money saving services that HSA
for America offers its members," added Gillis. "With their prescription
drug discount card, lab discount program and supplemental accidental plan,
HSA for America helps its accountholders
keep more of their funds in their HSA
account."
Bills
can also be faxed or mailed in. The status of the claim can be checked
anytime and discussed with a patient advocate. The amount saved ranges
and can be as high as 80%, depending on the bill and services rendered.
The medical expenses submitted are compared to other provider rates in the
geographical area. If lower prices are found, then INSNET will contact
the health provider to attempt to lower the bill. If successful the
individual keeps 70% of the savings; at a special INSNET rate for HSA
for America members. If a lower price couldn't be
negotiated, there is no cost for the individual.
