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THE ARIZONA REPUBLIC
A SPECIAL PUBLICATION CREATED BY REPUBLIC MEDIA CUSTOM PUBLISHING
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HEALTHCARE NEWS YOU CAN USE FOR YOUR WHOLE FAMILY
Vol. 3, No. 1
January 2013
HEALTH-CARE News
Flexible Spending and Health Savings Accounts
Save money while managing your healthcare costs BY JAKE POINIER
As of the beginning of 2012, more than 13.5 million Americans were using health savings accounts (HSAs), up more than 2 million from the previous year. Meanwhile, more than 85 percent of large employers offer flexible spending accounts (FSAs).
Both account types allow participants to set aside pre-tax dollars to pay for qualified healthcare expenses, but there are key differences. HSAs are available only to employees enrolled in highdeductible health plans (HDHPs), and unused funds can grow like an investment account. FSAs have a ‘use-it-or-lose-it’ provision, meaning unused contributions are forfeited at the end of the plan year, so employees should make sure to budget conservatively. “HSAs not only empower you to make thoughtful healthcare decisions, there are three tax advantages,” said Jeff Stelnik, FSA, MAAA, senior vice president of strategy, sales and marketing for Blue Cross Blue Shield of Arizona. “First, your contributions are pre-tax and reduce your taxable income. Second, the investments you make in the account grow tax-free. Third, withdrawals for qualified expenses are also tax-free.”
Lower contributions While maximum contribution levels rise each year for HSAs (up to $6,450 for a family in 2013), rules on FSAs are getting tighter. “As of January 1, the maximum annual employee contribution is $2,500,” said Stephanie O’Dell, an account executive with MJ Insurance. While employees won’t be able to set aside as much for eligible expenses such as braces, contact lenses, prescriptions and dental procedures, O’Dell emphasized the bright side. “If an employee and spouse are both offered FSAs at their places of work, they may each elect up to the annual maximum amount,” she said.
Educated consumers Many carriers offer online cost estimators that allow you to compare different procedures, facilities and pharmacies. “HSAs aren’t only for high-income or very healthy individuals,” Stelnik noted. “They’re for anyone who wants to take control of how their healthcare dollars get spent.”
RICK D’ELIA
Pre-tax dollars
Craig Primack, M.D., of Scottsdale Weight Loss Center, explains some of the options for weight loss, including prepackaged meals, meal replacements and more. Some programs offer online support, while others offer in-person counseling, either one-on-one or in group settings. Whatever the plan, experts agree that accountability is key.
Diet decisions, decisions... Picking the right weight loss program depends on your preferences
BY DEBRA GELBART
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f you want help losing weight through a commercial weight loss program, you can choose from a portion-control approach where you eat your own food and find emotional support at public meetings and/or online (such as Weight Watchers); prepackaged food programs (such as Jenny Craig and Nutrisystem); or meal replacement programs (such as Optifast and Medifast). You can also choose from plans popularized in books or specialized diets that require supplements and/or following a restrictive regimen, such as the hCG diet. “If you have 20 pounds or less to lose,” said Craig Primack, M.D., of Scottsdale Weight Loss Center, “Weight Watchers or Jenny Craig is a great choice, depending on whether you want to prepare meals yourself or you prefer them ready-made. But if you have more than 20 pounds to lose, you may want or need a more intensive program.”
Pre-packaged meals
Jenny Craig, like Nutrisystem, offers portion-controlled prepackaged meals. The Jenny Craig program includes one-on-one counseling; Nutrisystem’s does not. Clients can obtain Jenny Craig products through a weight loss center or through the mail, while Nutrisystem’s products are available only by mail. “These programs are especially good for people who don’t like to cook and who struggle with portion control,” said Lisa Galper, Psy.D., a Scottsdale psychologist who specializes in helping clients get control of their weight.
LisaGalper,Psy.D.,specializesinteachingclasses to help people control their weight. Among other options, smartphone applications help users track their progress and stay in control.
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Eliminate diet “saboteurs”: Keep “red light” foods out of the house.
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Eat fewer carbohydrates: High amounts of carbs each day (more than 150 grams, or about 600 calories of carbs) promote hunger.
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Record what you eat: Mobile apps such as My Fitness Pal, Lose It and Calorie King help you keep track of the foods you eat as well as the amount you exercise.
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Get more sleep: Studies have shown that among people who sleep five hours a night or less, 80 percent are overweight.
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Stay focused: Focus on making changes, both small and large, that will accumulate into a different lifestyle over the long run.
In-person or online support
Weight Watchers is ideal for those who appreciate an in-person support group that promotes accountability, Galper said. “The members and group leader can help you adjust when you feel stuck,” she said. “They can help you make the plan more sustainable for your lifestyle.” Weight Watchers also has an online program for those who are more comfortable with anonymous sharing or who don’t have time or transportation to attend in-person meetings. Continued on page 3 DIET DECISIONS
tips to help you stay motivated
Resources IRS: irs.gov/pub/irs-pdf/p502.pdf Your employer’s benefits administrator
By y The NUMBERS
Your tax adviser
SMALL NUMBERS CAN ADD UP BIG-TIME:
150 CALORIES MORE A DAY THAN YOU BURN CAN LEAD TO AN EXTRA 5 POUNDS OVER 6 MONTHS OR 10 POUNDS IN 1 YEAR EATING JUST
IN THIS ISSUE:
02: CERVICAL CANCER PREVENTION 03: STOPPING BONE LOSS 04: SELECTING PROPER FITNESS SHOES 04/05: SUPPORT GROUPS, EXPERTS 06: HOPE FOR MIGRAINE SUFFERERS
—PAULA HUBBS COHEN
Source: Department of Health and Human Services, National Heart Blood and Lung Institute; nhlbi.nih.gov/health
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