1 00:00:00,280 --> 00:00:05,200 Speaker 1: With the inquirer. Your benefits plans are coming up here, 2 00:00:05,240 --> 00:00:09,600 Speaker 1: people with Medicare and stuff, and I don't know what 3 00:00:09,680 --> 00:00:14,160 Speaker 1: I should do about that because I'm sixty eight years old. 4 00:00:14,680 --> 00:00:17,560 Speaker 1: You know what, Let's let's get our guests on this 5 00:00:17,600 --> 00:00:20,880 Speaker 1: is cool to have. I can actually get a free 6 00:00:20,960 --> 00:00:25,840 Speaker 1: consultant here. But what we're talking about here when you 7 00:00:25,880 --> 00:00:28,200 Speaker 1: go in it is that time of year when you 8 00:00:28,200 --> 00:00:32,080 Speaker 1: you know, have to go back in and do your 9 00:00:32,560 --> 00:00:37,240 Speaker 1: insurance work. Insurance YEP, and medicare as a matter of fact, 10 00:00:37,760 --> 00:00:42,640 Speaker 1: that we're talking about pretty healthy jump in price here 11 00:00:42,960 --> 00:00:48,040 Speaker 1: to discuss daniel leboard lebroad from Healthcare Benefits. He's our 12 00:00:48,200 --> 00:00:53,200 Speaker 1: healthcare benefits expert. And daniel what are we looking at here? 13 00:00:53,400 --> 00:00:56,040 Speaker 2: You know, I think we're in for a shot this year. 14 00:00:57,000 --> 00:00:58,320 Speaker 2: We were kind of in our industry were. 15 00:00:58,240 --> 00:00:59,640 Speaker 3: Kind of warned about it earlier in the year that 16 00:00:59,640 --> 00:01:04,120 Speaker 3: we're see big increases. But I'll tell you, you know, we position. 17 00:01:03,840 --> 00:01:06,400 Speaker 2: Clients typically to say, hey, you're gonna have to look 18 00:01:06,400 --> 00:01:08,160 Speaker 2: at an eight to ten percent each year. You kind 19 00:01:08,160 --> 00:01:10,120 Speaker 2: of budget for that, and our goal is to always, 20 00:01:10,360 --> 00:01:11,920 Speaker 2: you know, hopefully get that down further. 21 00:01:12,040 --> 00:01:13,680 Speaker 3: I'll bringing an option that lower. 22 00:01:13,480 --> 00:01:16,360 Speaker 2: That, but right now across the US, we're seeing I 23 00:01:16,360 --> 00:01:18,600 Speaker 2: mean ten is on the low side. We're seeing twenty 24 00:01:18,600 --> 00:01:21,000 Speaker 2: and thirty percent increases, which is unheard of. 25 00:01:21,360 --> 00:01:21,840 Speaker 3: Wow. 26 00:01:22,640 --> 00:01:24,120 Speaker 2: And the youse don't even have to do with, you know, 27 00:01:24,120 --> 00:01:27,200 Speaker 2: any particular reason. It's just it's across the board, particularly 28 00:01:27,160 --> 00:01:30,360 Speaker 2: the small employers, those with under fifty employees who are 29 00:01:30,360 --> 00:01:33,959 Speaker 2: the hardest hit. They're gonna get destroyed this year. And 30 00:01:34,000 --> 00:01:35,880 Speaker 2: that hurts employees as well because they got to pick 31 00:01:35,959 --> 00:01:38,640 Speaker 2: up a portion or all of that increase as well. 32 00:01:39,080 --> 00:01:41,800 Speaker 1: So, Daniel, let me ask, and I think everybody's asking 33 00:01:41,840 --> 00:01:45,399 Speaker 1: the same question in their brain right now, is how 34 00:01:45,440 --> 00:01:49,760 Speaker 1: come on both sides of the aisle. Every year, every politician, 35 00:01:49,800 --> 00:01:52,240 Speaker 1: it seems like, running on we're going to get healthcare 36 00:01:52,760 --> 00:01:56,040 Speaker 1: prices under control, We're going to lower them this, that 37 00:01:56,120 --> 00:01:58,400 Speaker 1: and the other, and now stuff like this happens, and 38 00:01:58,480 --> 00:02:01,760 Speaker 1: it looks like, as you just said, you're we're telling 39 00:02:01,800 --> 00:02:05,480 Speaker 1: people to build in that cost for basically the rest. 40 00:02:05,240 --> 00:02:05,880 Speaker 4: Of your life. 41 00:02:06,280 --> 00:02:08,880 Speaker 1: Why can't this be controlled. 42 00:02:09,960 --> 00:02:12,280 Speaker 2: The only it can be controlled? And that's the problem, 43 00:02:12,320 --> 00:02:14,720 Speaker 2: The issue, the biggest issue we have right now is 44 00:02:14,800 --> 00:02:17,600 Speaker 2: the system is controlled by really two parties. You're controlling 45 00:02:17,680 --> 00:02:20,960 Speaker 2: it's controlled by the larger healthcare systems. You're you know, 46 00:02:21,160 --> 00:02:24,280 Speaker 2: in Dallas we've got big Textans Health and Presbyterian and Baylor, 47 00:02:24,320 --> 00:02:26,560 Speaker 2: Scott and White. Across the nation, you've got very large 48 00:02:26,560 --> 00:02:30,000 Speaker 2: healthcare systems and they work. You know, their primary payer 49 00:02:30,120 --> 00:02:34,560 Speaker 2: are the insurance companies. In my opinion, the two of 50 00:02:34,560 --> 00:02:38,480 Speaker 2: them are in collusion. You know, they're they're battling and 51 00:02:38,760 --> 00:02:41,160 Speaker 2: working on contracts to get paid by the insurance companies. 52 00:02:41,160 --> 00:02:43,840 Speaker 3: Thescurance companies are trying to pay them. But overall the 53 00:02:43,880 --> 00:02:44,799 Speaker 3: two of them are. 54 00:02:44,840 --> 00:02:47,600 Speaker 2: All they worry about is profit, and they have to 55 00:02:47,639 --> 00:02:50,480 Speaker 2: answer their boarder directors, and so there's a misaligned incentive 56 00:02:51,160 --> 00:02:53,440 Speaker 2: when it comes to the employers and the and the 57 00:02:53,480 --> 00:02:56,840 Speaker 2: public because we just want good healthcare and a reasonable rate. 58 00:02:57,520 --> 00:03:00,480 Speaker 2: But they're trying to but they're having an answer. They're 59 00:03:00,480 --> 00:03:03,160 Speaker 2: having answer shareholders, and they have to make profit. And 60 00:03:03,600 --> 00:03:06,320 Speaker 2: you know, it just doesn't work. And that's why rates 61 00:03:06,320 --> 00:03:08,760 Speaker 2: cup every year because they everyone has to give themselves 62 00:03:08,760 --> 00:03:10,160 Speaker 2: a ten percent raise every year. They have to go 63 00:03:10,200 --> 00:03:11,400 Speaker 2: to the board and say, hey, how do we make 64 00:03:11,440 --> 00:03:13,360 Speaker 2: more money? Well, we got to raise rates, how do 65 00:03:13,360 --> 00:03:14,079 Speaker 2: you that's it? 66 00:03:14,200 --> 00:03:14,760 Speaker 3: You raise race. 67 00:03:14,800 --> 00:03:16,360 Speaker 2: You have to do that, you have to pay providers. 68 00:03:17,240 --> 00:03:19,320 Speaker 2: It's just this back and forth between the two of them. Meanwhile, 69 00:03:19,320 --> 00:03:22,040 Speaker 2: we're sitting back here going we're footing the bill. So 70 00:03:22,840 --> 00:03:27,040 Speaker 2: there are ways, there are ways, however, to stop that, 71 00:03:27,400 --> 00:03:29,960 Speaker 2: and we're doing it at our company and a lot 72 00:03:29,960 --> 00:03:31,040 Speaker 2: of broken around the country. 73 00:03:31,639 --> 00:03:33,040 Speaker 3: But I'll let you kind of ask the next question. 74 00:03:33,080 --> 00:03:33,760 Speaker 3: I'll get into that. 75 00:03:33,880 --> 00:03:35,680 Speaker 5: Well, that was going to be my next question was 76 00:03:35,720 --> 00:03:37,720 Speaker 5: how do you break up? How do you break up 77 00:03:37,760 --> 00:03:40,280 Speaker 5: that party in exactly? How do you get more competition 78 00:03:40,400 --> 00:03:40,720 Speaker 5: in there? 79 00:03:40,800 --> 00:03:45,520 Speaker 2: And yeah, so it's not even competition. So it's comes 80 00:03:45,520 --> 00:03:47,880 Speaker 2: down to contract. So the largest payer of healthcare in 81 00:03:47,880 --> 00:03:51,280 Speaker 2: the United States and Medicare, they could everything is based 82 00:03:51,280 --> 00:03:51,840 Speaker 2: off of them. 83 00:03:51,880 --> 00:03:55,160 Speaker 3: So here's a good example and a way to understand. 84 00:03:54,800 --> 00:03:57,560 Speaker 2: How healthcare works with the health insurance company, the health care, 85 00:03:57,720 --> 00:04:02,320 Speaker 2: the health systems. If I get a h you said 86 00:04:02,320 --> 00:04:04,080 Speaker 2: you're sixty eight, I think ed right, you know, on 87 00:04:04,120 --> 00:04:10,080 Speaker 2: a day over forty, just so you know, So if 88 00:04:10,120 --> 00:04:12,480 Speaker 2: you go and get a procedure done and Medicare pays 89 00:04:12,520 --> 00:04:15,000 Speaker 2: that health system one thousand dollars for it, right, that's 90 00:04:15,040 --> 00:04:20,200 Speaker 2: the basis of all of all negotiation of all contracts. 91 00:04:20,279 --> 00:04:23,320 Speaker 2: Medicare is a basis. So Medicare pays that provider one 92 00:04:23,320 --> 00:04:27,600 Speaker 2: thousand dollars. Done, the health system says, hey, signa, we're 93 00:04:27,640 --> 00:04:30,160 Speaker 2: going to bill you six hundred percent Medicare. So they 94 00:04:30,279 --> 00:04:35,000 Speaker 2: bill signa six thousand dollars for that procedure, right, six times. 95 00:04:35,120 --> 00:04:36,960 Speaker 2: Now Sigma though says, hey, wait a minute, we have 96 00:04:37,000 --> 00:04:38,880 Speaker 2: a contract with you. We're going to go ahead and 97 00:04:38,920 --> 00:04:41,280 Speaker 2: we're going to We're gonna give you a fifty percent discount. 98 00:04:41,400 --> 00:04:43,800 Speaker 2: What happens then it goes down to three thousand. That 99 00:04:43,920 --> 00:04:47,559 Speaker 2: is still three hundred percent Medicare. We are paying three 100 00:04:47,680 --> 00:04:53,920 Speaker 2: times what that true rate of the procedure is. And 101 00:04:53,960 --> 00:04:55,880 Speaker 2: that's the problem with the system. The two of them 102 00:04:55,880 --> 00:05:00,599 Speaker 2: are overpaying. We're overpaying for care that we shouldn't be 103 00:05:00,839 --> 00:05:03,680 Speaker 2: We should be doing the same, and the public should 104 00:05:03,680 --> 00:05:05,440 Speaker 2: be paying the same amount of Medicare, or what we 105 00:05:05,480 --> 00:05:06,360 Speaker 2: call reference face pricing. 106 00:05:06,440 --> 00:05:07,320 Speaker 3: We pay a little bit more. 107 00:05:07,520 --> 00:05:10,240 Speaker 2: We say, okay, Medicare doesn't make it really profitable for 108 00:05:10,320 --> 00:05:12,080 Speaker 2: healthcare systems. I mean there might be a couple of 109 00:05:12,080 --> 00:05:15,080 Speaker 2: percentage points with a profit. We say, hey, we're going 110 00:05:15,160 --> 00:05:16,640 Speaker 2: to pay your fair. Reason about let's call it one 111 00:05:16,720 --> 00:05:18,800 Speaker 2: hundred and twenty five one hundred and fifty percent of medicare. 112 00:05:19,520 --> 00:05:23,080 Speaker 2: The healthcare systems make money. We pay a lot less 113 00:05:23,080 --> 00:05:25,120 Speaker 2: for the healthcare we're getting. And that's how you keep control. 114 00:05:25,240 --> 00:05:27,880 Speaker 2: That's how you controlled the cost of health care by 115 00:05:27,920 --> 00:05:29,960 Speaker 2: reducing the amount we're paying for claims. 116 00:05:30,320 --> 00:05:32,159 Speaker 3: And in that case, everyone wins. 117 00:05:32,440 --> 00:05:36,360 Speaker 2: The healthcare systems get paid, the employees get their health coverage, 118 00:05:36,360 --> 00:05:37,320 Speaker 2: and our rates stay down. 119 00:05:37,600 --> 00:05:39,680 Speaker 3: The only one not happy about it is the insurance company. 120 00:05:40,120 --> 00:05:44,320 Speaker 1: Daniel Lebrod is our guest. He is the CEO of 121 00:05:44,360 --> 00:05:50,159 Speaker 1: Ovation Health and Life Services. And so daniel who who 122 00:05:50,200 --> 00:05:53,520 Speaker 1: needs to make this change? Can we as people? I mean, 123 00:05:53,560 --> 00:05:56,680 Speaker 1: obviously we're the ones that are taking it up the 124 00:05:56,839 --> 00:06:00,680 Speaker 1: you know, and what can we do about it? Politicians 125 00:06:00,720 --> 00:06:03,719 Speaker 1: aren't doing anything about it? How can we change this? 126 00:06:05,279 --> 00:06:07,440 Speaker 2: So we're changing this. What we say is and I 127 00:06:07,440 --> 00:06:09,200 Speaker 2: have a mastermind group. We talk about this a lot. 128 00:06:09,400 --> 00:06:12,640 Speaker 2: We're changing one employer at a time. In my opinion, honestly, 129 00:06:12,680 --> 00:06:14,479 Speaker 2: it starts with the employers. The employers have to be 130 00:06:14,520 --> 00:06:16,800 Speaker 2: fed up and they are getting set up because they 131 00:06:16,800 --> 00:06:17,320 Speaker 2: can't afford it. 132 00:06:17,320 --> 00:06:18,719 Speaker 3: They can't afford to offer benefits. 133 00:06:19,120 --> 00:06:22,479 Speaker 2: The employers need to first of all, know there are 134 00:06:22,520 --> 00:06:24,799 Speaker 2: options and ways to do things, and these are things. 135 00:06:25,160 --> 00:06:27,400 Speaker 2: Number one, you need to go self funded, and we 136 00:06:27,400 --> 00:06:29,640 Speaker 2: can do self funding down to the smallest employer of 137 00:06:29,680 --> 00:06:31,520 Speaker 2: two people all the way up to thousand thousand. The 138 00:06:31,520 --> 00:06:34,400 Speaker 2: biggest companies in the nation use self funding as a 139 00:06:34,440 --> 00:06:37,640 Speaker 2: mechanism to control costs. You need to be working with 140 00:06:37,680 --> 00:06:42,880 Speaker 2: a consultant or a broker that embraces level funded self funding, 141 00:06:43,000 --> 00:06:48,120 Speaker 2: captives alternative funding situations. And some people think, well, that's new, 142 00:06:48,160 --> 00:06:49,760 Speaker 2: I've never heard of it. Well, first of all, it's 143 00:06:49,800 --> 00:06:52,960 Speaker 2: been around forever, and the ACA actually made it more 144 00:06:53,080 --> 00:06:56,080 Speaker 2: viable to do it for smaller groups. But actually, now 145 00:06:56,360 --> 00:06:58,719 Speaker 2: sixty four percent I believe the number is about sixty 146 00:06:58,760 --> 00:07:02,760 Speaker 2: four percent of all US employers are doing some sort 147 00:07:02,760 --> 00:07:06,640 Speaker 2: of self funding health plan. But that's still a lot 148 00:07:06,680 --> 00:07:08,640 Speaker 2: of those are the big employers. But still everyone is 149 00:07:08,680 --> 00:07:10,520 Speaker 2: starting to embrace that because of realizing it's the only 150 00:07:10,520 --> 00:07:11,520 Speaker 2: way to make change. 151 00:07:12,840 --> 00:07:19,280 Speaker 5: So my open enrollment's coming up in my company, whatever 152 00:07:19,360 --> 00:07:23,080 Speaker 5: they offer me, that's that's what I got. Or is 153 00:07:23,120 --> 00:07:25,360 Speaker 5: there a way to even is there an even little 154 00:07:25,400 --> 00:07:28,760 Speaker 5: tricks of the trade to kind of, you know, nibble 155 00:07:28,800 --> 00:07:31,040 Speaker 5: around and save yourself a few bucks. 156 00:07:31,880 --> 00:07:34,000 Speaker 2: You know, if you're getting through your employer, it really 157 00:07:34,080 --> 00:07:36,800 Speaker 2: has to go into the employees complaining to the employer, like, 158 00:07:36,840 --> 00:07:38,920 Speaker 2: we can't afford this, we need we need to look 159 00:07:38,960 --> 00:07:42,000 Speaker 2: at I heard about these alternative strategies which are becoming 160 00:07:42,000 --> 00:07:44,240 Speaker 2: the mainstream now. So you just say, hey, why are 161 00:07:44,280 --> 00:07:47,400 Speaker 2: we why are we fully insured? Why aren't we looking 162 00:07:47,400 --> 00:07:49,680 Speaker 2: at these other things, these other options? Have you talked 163 00:07:49,680 --> 00:07:53,800 Speaker 2: to our consultant ever broker about that. Unfortunately, the employees 164 00:07:54,120 --> 00:07:56,320 Speaker 2: don't know what they don't know, and they're just taking 165 00:07:56,360 --> 00:07:58,080 Speaker 2: what the employer gives them, and they don't have the 166 00:07:58,080 --> 00:08:01,960 Speaker 2: power to make necessarily make that change. I know in Texas, 167 00:08:02,000 --> 00:08:03,920 Speaker 2: if you're out in the you say, well, maybe I 168 00:08:03,920 --> 00:08:06,200 Speaker 2: can go to the individual market under you know, healthcare 169 00:08:06,200 --> 00:08:09,280 Speaker 2: dot gov and get a policy. Well, Texas, all that's 170 00:08:09,280 --> 00:08:13,920 Speaker 2: available is HMO with and nobody likes it, you know, 171 00:08:14,080 --> 00:08:16,480 Speaker 2: and so everyone is kind of stuck in. And even 172 00:08:16,520 --> 00:08:19,080 Speaker 2: those rates are terrible for the most part, they're going 173 00:08:19,160 --> 00:08:19,680 Speaker 2: up every year. 174 00:08:20,440 --> 00:08:21,520 Speaker 3: It does start, in my. 175 00:08:21,520 --> 00:08:24,720 Speaker 2: Opinion, it does start with the employer, but the employer 176 00:08:24,800 --> 00:08:26,760 Speaker 2: is not going to be making changes until either it 177 00:08:26,840 --> 00:08:30,640 Speaker 2: hurts their pocketbook or the employees complain enough that I 178 00:08:30,720 --> 00:08:33,800 Speaker 2: just can't do this. I can't afford this, And so 179 00:08:34,000 --> 00:08:35,520 Speaker 2: it is it's got to be there's got to be 180 00:08:35,520 --> 00:08:36,960 Speaker 2: that pain to make that move. 181 00:08:37,040 --> 00:08:38,280 Speaker 3: And I think this year is gonna be the year 182 00:08:38,320 --> 00:08:38,600 Speaker 3: of pain. 183 00:08:39,600 --> 00:08:43,720 Speaker 1: Daniel Lebron is our guest from Ovation Health and Life 184 00:08:43,760 --> 00:08:46,760 Speaker 1: and Daniel talk about that as I As I said, 185 00:08:46,840 --> 00:08:50,600 Speaker 1: I'm not on medicare yet, but definitely thinking about it. 186 00:08:51,000 --> 00:08:54,439 Speaker 1: What should I get a consultant? Because I hear so 187 00:08:54,480 --> 00:08:56,880 Speaker 1: many people say, hey, talk to consultant, They'll tell you 188 00:08:56,920 --> 00:08:59,319 Speaker 1: what to do in the plans, blah blah blah. Where 189 00:08:59,360 --> 00:09:01,560 Speaker 1: should I just go home with these government websites and 190 00:09:01,600 --> 00:09:03,199 Speaker 1: look it over. What's the best option? 191 00:09:04,679 --> 00:09:07,240 Speaker 2: So as you come about Medicare, Medicare is really confusing. 192 00:09:07,360 --> 00:09:09,640 Speaker 2: We have we actually, you know, I have an in 193 00:09:09,760 --> 00:09:12,360 Speaker 2: house specialists for that. We help people get a Medicare 194 00:09:12,360 --> 00:09:14,840 Speaker 2: because it has so many options, you know, and you 195 00:09:14,880 --> 00:09:17,559 Speaker 2: see people we have someone on our on our staff 196 00:09:17,600 --> 00:09:19,920 Speaker 2: that turned sixty five last year. 197 00:09:20,040 --> 00:09:22,360 Speaker 3: Or in March, and you know they helped with it. 198 00:09:22,520 --> 00:09:24,160 Speaker 2: She's like, oh my god, I turned sixty four and 199 00:09:24,200 --> 00:09:26,160 Speaker 2: a half. I started getting My mailbox is full of 200 00:09:26,160 --> 00:09:29,120 Speaker 2: stuff on medicare, and I'm so confused, So I think 201 00:09:29,320 --> 00:09:31,760 Speaker 2: you need There's a lot of options out. There's Medicare supplements, 202 00:09:31,800 --> 00:09:35,200 Speaker 2: there's Medicare advantage plans. I personally like Medicare advantage plans. 203 00:09:35,200 --> 00:09:36,280 Speaker 3: I think they're they. 204 00:09:36,120 --> 00:09:38,200 Speaker 2: Give you the best coverage at the lowest cost. And 205 00:09:38,280 --> 00:09:43,480 Speaker 2: basically your your Medicare is paying a health insurance company 206 00:09:43,480 --> 00:09:47,720 Speaker 2: to pull you off of the Medicare books. Basically you 207 00:09:47,760 --> 00:09:50,520 Speaker 2: get better coverage through a private through a private insurer, 208 00:09:51,080 --> 00:09:53,240 Speaker 2: and it helps Medicare because now that the claims go 209 00:09:53,280 --> 00:09:55,600 Speaker 2: to the insured, not to Medicare, which helps to help 210 00:09:55,679 --> 00:09:56,520 Speaker 2: the Medicare system. 211 00:09:58,200 --> 00:09:58,400 Speaker 3: Fine. 212 00:09:58,440 --> 00:10:00,880 Speaker 2: Everything the financial decisions though, you have to look at 213 00:10:00,920 --> 00:10:03,120 Speaker 2: it and say, what's the coverage of those, what's the 214 00:10:03,160 --> 00:10:05,600 Speaker 2: cost going to be, and what is my best what's 215 00:10:05,640 --> 00:10:08,080 Speaker 2: best for me financially, And that's everything. 216 00:10:08,080 --> 00:10:10,120 Speaker 3: We have to be asked what HSA's earlier, and I'm like, 217 00:10:10,880 --> 00:10:11,840 Speaker 3: I'm not a big fan. 218 00:10:11,720 --> 00:10:14,560 Speaker 2: Of HSA's any longer, but they have their purpose for 219 00:10:14,640 --> 00:10:17,480 Speaker 2: some people. You have to wait it out financially for yourself, 220 00:10:17,520 --> 00:10:20,480 Speaker 2: your family and what is best for you. And that's 221 00:10:20,480 --> 00:10:23,280 Speaker 2: where you definitely need whether it's a medicure consultant or 222 00:10:23,600 --> 00:10:26,800 Speaker 2: your employee benefits consultant, at your at your employer. 223 00:10:27,120 --> 00:10:28,480 Speaker 3: Somebody needs to be able to guide you. 224 00:10:28,480 --> 00:10:30,240 Speaker 2: Along that pathway, and you should be getting that kind 225 00:10:30,240 --> 00:10:32,520 Speaker 2: of service from your broker, consultant partner. 226 00:10:32,559 --> 00:10:35,920 Speaker 5: Anyways, you know, it's says she said about the HSA. 227 00:10:37,880 --> 00:10:39,600 Speaker 5: I just started doing one a couple of years ago, 228 00:10:39,640 --> 00:10:42,920 Speaker 5: and I like it a lot. It's maybe it's just 229 00:10:43,000 --> 00:10:45,520 Speaker 5: a mind thing where I'm like, Okay, there's a bill 230 00:10:45,559 --> 00:10:47,680 Speaker 5: that comes in as my kid went to the doctor, 231 00:10:47,800 --> 00:10:50,760 Speaker 5: and it's seventy five bucks. I'm like, okay, well I 232 00:10:50,760 --> 00:10:53,200 Speaker 5: didn't I didn't budget for that this month. Well okay, 233 00:10:53,200 --> 00:10:55,400 Speaker 5: no worries because I had enough in my HSA to 234 00:10:55,480 --> 00:10:58,280 Speaker 5: cover it. And you know, so it obviously still comes 235 00:10:58,320 --> 00:11:01,959 Speaker 5: out of your paycheck. But I don't know, I've kind 236 00:11:01,960 --> 00:11:05,040 Speaker 5: of come to like that. Why don't Why aren't you 237 00:11:05,080 --> 00:11:05,600 Speaker 5: a big fan? 238 00:11:07,320 --> 00:11:09,520 Speaker 2: It's in very So let's go back to an HCA's 239 00:11:09,559 --> 00:11:12,559 Speaker 2: came out originally, when they came out years ago, it 240 00:11:12,600 --> 00:11:15,199 Speaker 2: was it was the whole idea was that there was 241 00:11:15,200 --> 00:11:17,760 Speaker 2: a big cost difference between an HSA plan and say 242 00:11:17,800 --> 00:11:19,760 Speaker 2: a copay plan, So. 243 00:11:19,679 --> 00:11:23,079 Speaker 3: I could have my fifteen hundred dollars double copay plan. 244 00:11:23,160 --> 00:11:25,199 Speaker 2: It's five hundred dollars and my HSA plan is three 245 00:11:25,280 --> 00:11:27,760 Speaker 2: hundred dollars. Awesome, I say two hundred dollars a month, 246 00:11:27,800 --> 00:11:29,760 Speaker 2: I put it in an HSA account. Now it's twenty 247 00:11:29,800 --> 00:11:31,760 Speaker 2: four hundred dollars a year in that HSA account. I'm 248 00:11:31,760 --> 00:11:34,080 Speaker 2: saving money and I still own the cash, and I 249 00:11:34,120 --> 00:11:36,240 Speaker 2: only use it if I really need to. Makes total 250 00:11:36,280 --> 00:11:40,080 Speaker 2: financial sense. I've had h ANDSA plans. The problem nowadays 251 00:11:40,120 --> 00:11:44,280 Speaker 2: is the HSA premiums have caught up to the copay plans, 252 00:11:45,040 --> 00:11:49,319 Speaker 2: and so now employers put that in and the employee says, well. 253 00:11:49,240 --> 00:11:51,080 Speaker 3: I can't afford it. He said, I can't afford. 254 00:11:50,880 --> 00:11:53,480 Speaker 2: A doctor business this month, I have nothing, And employees 255 00:11:53,520 --> 00:11:55,960 Speaker 2: are not putting money into an HSA account any longer. 256 00:11:56,559 --> 00:11:59,480 Speaker 2: And so what ends up happening is the employee says, well, basically, 257 00:11:59,520 --> 00:12:01,120 Speaker 2: I have no coverage on my health plan, so I'm 258 00:12:01,120 --> 00:12:01,480 Speaker 2: just not going. 259 00:12:01,480 --> 00:12:02,079 Speaker 3: To go to the doctor. 260 00:12:02,800 --> 00:12:04,599 Speaker 2: And they're so they're getting crappy your coverage for the 261 00:12:04,640 --> 00:12:08,240 Speaker 2: same price you go. Now I have other other clients 262 00:12:08,240 --> 00:12:10,520 Speaker 2: that say, hey, I don't use it. If I do, 263 00:12:10,640 --> 00:12:12,720 Speaker 2: I can afford a doctor visit, and I want to 264 00:12:12,800 --> 00:12:15,040 Speaker 2: use that agency to funnel, you know, eight thousand dollars 265 00:12:15,120 --> 00:12:17,680 Speaker 2: a year for my family tax free. That's where we 266 00:12:17,720 --> 00:12:19,440 Speaker 2: see most people doing it, is they're using it as 267 00:12:19,480 --> 00:12:22,400 Speaker 2: a tax free you know, put money away tax free, 268 00:12:22,440 --> 00:12:23,720 Speaker 2: and that makes financial sense. 269 00:12:24,800 --> 00:12:28,679 Speaker 1: All right, Well, daniel Lebroad we could talk about this forever, 270 00:12:28,760 --> 00:12:30,680 Speaker 1: and I'm sure we want to talk to you again. 271 00:12:31,000 --> 00:12:31,560 Speaker 3: Good stuff. 272 00:12:31,800 --> 00:12:33,880 Speaker 1: People want to find out more about what it is 273 00:12:33,920 --> 00:12:35,760 Speaker 1: you do there at ovation Life. Where can they go? 274 00:12:37,280 --> 00:12:41,080 Speaker 2: Uh? You dan Lebroad on LinkedIn great way to connect 275 00:12:41,080 --> 00:12:43,080 Speaker 2: with me, and then you can go to ovationlife dot 276 00:12:43,080 --> 00:12:44,600 Speaker 2: com and connect with us. 277 00:12:44,520 --> 00:12:45,080 Speaker 3: There as well. 278 00:12:45,679 --> 00:12:49,280 Speaker 1: Daniel thanks so much, man, Hey, thank you. Take care, 279 00:12:49,400 --> 00:12:53,319 Speaker 1: take care. And uh, it's also confusing. That's the reason 280 00:12:53,360 --> 00:12:55,960 Speaker 1: I brought it up because obviously all my friends are 281 00:12:56,000 --> 00:13:00,640 Speaker 1: about my age and everybody's is always talked about medicare 282 00:13:00,760 --> 00:13:04,720 Speaker 1: and trying to get on that, but even healthcare. I'm oh, 283 00:13:04,840 --> 00:13:09,000 Speaker 1: I'm I've had a healthcare system, you know, a plan 284 00:13:09,840 --> 00:13:13,880 Speaker 1: working at every job I've had, and every one of 285 00:13:13,920 --> 00:13:15,800 Speaker 1: those things, I was like, uh, just do what I 286 00:13:15,800 --> 00:13:16,520 Speaker 1: did last year. 287 00:13:16,720 --> 00:13:17,559 Speaker 3: That's what I do a lot. 288 00:13:18,160 --> 00:13:19,600 Speaker 1: I mean, frankly, you know what everybody does. 289 00:13:19,640 --> 00:13:24,360 Speaker 5: Frankly, take right, Frankly, you take it for granted, Oh, absolutely, 290 00:13:24,440 --> 00:13:28,280 Speaker 5: Like yeah, it's I mean, I'm saying we shouldn't should 291 00:13:28,440 --> 00:13:29,360 Speaker 5: certainly I shouldn't. 292 00:13:29,600 --> 00:13:32,560 Speaker 1: You know, the order are pretty important. It is yes. 293 00:13:33,040 --> 00:13:35,160 Speaker 1: With that, we check in with traffic and weather. What 294 00:13:35,320 --> 00:13:36,960 Speaker 1: is going on? 295 00:13:37,080 --> 00:13:40,920 Speaker 4: Do you see Health Traffic Center Mammograms Save Lives called 296 00:13:40,960 --> 00:13:43,680 Speaker 4: five one three five feet four pink. Schedule your annual 297 00:13:43,720 --> 00:13:46,719 Speaker 4: mammogram with do you see Health Sexpert team five one 298 00:13:46,800 --> 00:13:50,400 Speaker 4: three five eight four pink. Seventy five southbound Goldberths to 299 00:13:50,480 --> 00:13:53,240 Speaker 4: Paddic a little heavy and southbound seventy five is songing 300 00:13:53,240 --> 00:13:55,880 Speaker 4: through the work on Reggan Highway down to Norwood lad 301 00:13:56,120 --> 00:13:57,680 Speaker 4: So planning a bit of a delay. Now went and 302 00:13:57,679 --> 00:14:00,400 Speaker 4: wrote a Dutch comedy. We have police activity report a 303 00:14:00,440 --> 00:14:03,079 Speaker 4: good idea if you can just avoid that area. Went 304 00:14:03,160 --> 00:14:07,600 Speaker 4: to northbound approaching Dutch Colony as an accident and cruiser 305 00:14:07,640 --> 00:14:10,920 Speaker 4: there also breakdown on seventy five northbound the on ramp 306 00:14:10,920 --> 00:14:14,280 Speaker 4: from Donaldson as a breakdown on the entrance ramp and 307 00:14:14,559 --> 00:14:17,400 Speaker 4: clean up is underway. We're seeing two seventy five northbound 308 00:14:17,400 --> 00:14:20,080 Speaker 4: something between two seventy five and twelfth Street. It's about 309 00:14:20,080 --> 00:14:20,840 Speaker 4: a five minute drive. 310 00:14:20,920 --> 00:14:21,120 Speaker 3: Now. 311 00:14:21,480 --> 00:14:24,240 Speaker 4: I'm Rick Shrimp Produced Radio seven hundred W DLW. 312 00:14:24,960 --> 00:14:28,440 Speaker 1: The forecast from a seven hundred WLW weather center forward 313 00:14:28,520 --> 00:14:32,280 Speaker 1: tonight partly cloudy and then clear towards morning. The low 314 00:14:32,320 --> 00:14:35,600 Speaker 1: of thirty seven for tomorrow sunshine and the high of 315 00:14:35,720 --> 00:14:40,400 Speaker 1: fifty seven. We're talking about a frost advisory for tomorrow 316 00:14:40,480 --> 00:14:43,240 Speaker 1: night on end of Friday morning. We'll talk about that tomorrow, 317 00:14:43,600 --> 00:14:47,280 Speaker 1: but right now it is fifty four degrees seven hundred. 318 00:14:46,840 --> 00:14:47,880 Speaker 4: W l W. 319 00:14:48,840 --> 00:14:51,480 Speaker 3: All right, mister Pennay, I'm going to show you some images, 320 00:14:51,600 --> 00:14:53,200 Speaker 3: and you tell me, what do you see? 321 00:14:53,400 --> 00:14:55,840 Speaker 4: Looks like a butterfly listening to Scott's Loan show. 322 00:14:56,080 --> 00:14:59,480 Speaker 3: In this one, I see a rocket ship. A rocket ship, yeah, 323 00:15:00,240 --> 00:15:03,120 Speaker 3: for the planet Sloan, I see. And this one that 324 00:15:03,280 --> 00:15:06,040 Speaker 3: looks like a fish swimming in a mountain pond. Oh 325 00:15:06,520 --> 00:15:07,000 Speaker 3: very good. 326 00:15:07,080 --> 00:15:09,320 Speaker 2: Yeah, but the fish is angry because he's not listening 327 00:15:09,320 --> 00:15:10,040 Speaker 2: to Scott Sloan. 328 00:15:10,160 --> 00:15:12,280 Speaker 3: Scott Sloan, please listen responsibly. 329 00:15:12,480 --> 00:15:15,400 Speaker 1: Join me, Scott Sloan Tomorrow morning at nine o'clock on 330 00:15:15,600 --> 00:15:17,360 Speaker 1: seven hundred WLW might. 331 00:15:17,360 --> 00:15:19,680 Speaker 3: Be best for us to discuss some strong medications. 332 00:15:20,160 --> 00:15:24,520 Speaker 2: This report is sponsored by Backslatractor, your Cabota headquarters backslatractor 333 00:15:24,600 --> 00:15:25,240 Speaker 2: dot com 334 00:15:25,360 --> 00:15:28,320 Speaker 1: Backslattractor is Cincinnati's Cabota headquarters tractor.