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I think we've beat the healthcare debate to death. 
Since there's not much we can do about public policy other than writing letters to Congress (or running for Congress ourselves), how about if we list some practical ways to save on healthcare costs?
I'll throw a couple out there to get started.
1. If your employer offers it, make use of your Flexible Spending Account benefit. Estimate how much you will spend on doctor visits, prescriptions, and other health care products and services over the next year. Set aside that amount in your FSA, and those health care expenses come out of pre-tax money, potentially saving you 20-30%.
2. If you don't have access to an FSA and your health care costs are high, deduct them on your income taxes. Note: You must itemize your deductions and you may only deduct expenses that exceed 7.5% of your adjusted gross income. If possible, consolidate all your big health expenses into a certain year so you can maximize the deduction.
Since there's not much we can do about public policy other than writing letters to Congress (or running for Congress ourselves), how about if we list some practical ways to save on healthcare costs?
I'll throw a couple out there to get started.
1. If your employer offers it, make use of your Flexible Spending Account benefit. Estimate how much you will spend on doctor visits, prescriptions, and other health care products and services over the next year. Set aside that amount in your FSA, and those health care expenses come out of pre-tax money, potentially saving you 20-30%.
2. If you don't have access to an FSA and your health care costs are high, deduct them on your income taxes. Note: You must itemize your deductions and you may only deduct expenses that exceed 7.5% of your adjusted gross income. If possible, consolidate all your big health expenses into a certain year so you can maximize the deduction.
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