Healthcare costs are rising, and personal incomes are remaining flat. When budgets are tight, every dollar counts. Cake Health is a free online tool that people can use to keep tabs on their insurance premiums and prevent overpaying for unnecessary medical expenses. By using Cake Health, people can catch billing errors and avoid paying for procedures that should have been covered by their health insurance providers.
If you’ve ever struggled to understand all the legal jargon in your health insurance paperwork or paid a bill from the doctor’s office without checking to see if the procedures you were paying for had already been covered by your insurance provider, then you will probably be able to save money by using Cake Health. Register for a free account by inputting your contact information and zip code, and then select your insurance provider from Cake Health’s handy list. Aetna, Anthem, Blue Shield of California, UnitedHealthcare, and Cigna are all listed up front, but you can still use the service even if you’re covered by a different provider. Just type the name of your insurance company into the search box and enter the login information you use on the insurance company’s website. Once you’re all linked up, you’ll be able to see an overview of your coverage, including deductable limits, how much your insurance has paid out on your behalf so far, and how much you’ve paid out-of-pocket for medical expenses this year.
In addition to giving its users basic data about their healthcare plans and spending limits, Cake Health actually uses special analysis tools to catch potential billing errors right away. It can also be set up to remind people to take advantage of certain annual benefits before they expire. Cake Health takes the complicated world of medical billing and health insurance policies and boils it down in a way that almost anyone can digest.
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