How to Negotiate Your Health Care Costs

Increased participation in high deductible health plans (HDHPs) and Health Savings Accounts (HSAs) puts increased pressure on the consumer’s wallet and in turn, more patient responsibility to understand what they are paying for their health care services. The problem – health care pricing has always been a mystery. It only makes sense that educated consumers should be able to compare prices for health care services, as you would any other product or service before buying. Unfortunately price transparency in health care is rare, and many doctors are unable to keep up with what their recommendations will cost the patient. There is a movement happening however, that aims to uncover the mystery of health care pricing and empower patients to make informed health care decisions. It is no secret that price disparities in health care services exist and prices may vary depending on where you receive treatment. However, you may be shocked to find out just how large these discrepancies can be. According to a recent WSJ article, “a hospital in Pennington, N.J., charged $3,036 for a diagnostic and screening ultrasound, Read on! →

Cheryl Sherrard quoted in Charlotte Business Journal

February 27, 2014: Cheryl Sherrard quoted in Charlotte Business Journal’s January 10th edition of the Financial Planning Special Report, END OF STATE TAX CREDIT BRINGS COLLEGE SAVINGS INTO FOCUS. The Special Report focuses on North Carolina 529 Plans and the recent decision by the NC General Assembly to do away with the state tax deduction that families saving for college have enjoyed. You must be a Charlotte Business Journal online subscriber to read the full article. For those who are not subscribers, you can read an excerpt from the article below, containing Sherrard’s advice for college savings. Cheryl Sherrard, director of planning for Clearview Wealth Management, says college costs are so unpredictable, families should combine a 529 plan with other approaches to fund higher education. “Until the time your child makes a final decision about college, you don’t know what the costs are going to be, and that occurs the spring prior to fall semester,” Sherrard notes. She counsels clients to set up a 529 to build up a baseline of savings for education, but she also encourages them to Read on! →

Cheryl Sherrard, CFP(r) quoted in Credit.com’s blog, “A Valentine’s Day Warning: 45% of Divorcees Didn’t Talk About Money Before Marriage”

February 27, 2014: Cheryl Sherrard, CFP(R) quoted in Credit.com’s blog about discussing finances before marriage. An excerpt from the post is below and the full article can be read here.   It helps to set aside time to sit down and go over the whole financial picture. Cheryl Sherrard of Clearview Wealth Management in Charlotte, N.C., listed in an email some discussion topics for couples considering marriage: The assets and debts each person brings to the table Personal spending habits Spending limits — for instance, discuss any purchases more than $100. Joint or separate accounts How to share or split up living expenses Attitude toward debt