Insurance Rates Skyrocket

Interesting article which describes why insurance rates are going up by double digits this year and how to cope with it.

http://www.detnews.com/article/20091116/LIFESTYLE03/911160344/1040/Health-insurance-customers-face-big-premium-increases

A number of the seniors I see in my home visiting practice are affected by this. I’m hoping things work out.

However, I am still glad to see that mental health and substance abuse parity is still going into effect, even if it is a source of some of the increase. With 26.2% of Americans dealing with a mental health diagnosis in a given year, that’s more than 1 in 4 coming down with something which needs treatment, which is often too expensive to be paid out of pocket alone. When employers see that 1 out of every 4 (or so) employees may have a mental health issue, they will be happy to see increased productivity and attendance from good treatment when parity kicks in.

About Nate Prentice, MSW, LCSW, CAS-PC

Nate Prentice, MSW, LCSW is a Licensed Clinical Social Worker and Pastoral Counselor who maintains a private psychotherapy practice in Drexel Hill, PA.
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