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Tag Archives: health insurance

Should You Buy These 5 Kinds of Supplemental Health Insurance?

If you’ve ever worried how you would pay your bills should some catastrophic event occur to you or another family member, you might need supplemental health insurance. However, deciding for sure if you should purchase additional insurance or not can be a little overwhelming. Of course, your need may not stem from some devastating diagnosis or other incident. Instead, you might simply need additional coverage for the things your regular health insurance doesn’t cover. Whatever the case may be, the question remains: Should you buy supplemental health insurance? Here’s a look at five of the most popular types of supplemental health insurance to help you decide. 1. Cancer Have you ever wondered how you would cover all of your bills if you or a loved one were handed a cancer diagnosis? It’s only natural for most of us to have those kinds of thoughts from time to time. Chances are someone in your family has been or will be diagnosed with cancer in your lifetime. That means higher healthcare bills in addition to higher household bills for things not covered by health insurance. That is where cancer insurance can help. Obviously different policies cover different things, so you should carefully ...

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3 Insurances Everyone Should Have

insurances most people should purchase

  Insurance is one of those funny things that most people hate buying, try to never use, but are gloriously thankful for if the right situation comes along. There are some insurances that I believe we can do without, but I think there are 3 insurances most everyone should have; health, life, and disability. There are Still Tons of People without Health Insurance Despite over 11 million new signups for health insurance through Obamacare, there are still plenty of people who don’t have health insurance. The penalty for not having insurance is not enough of a deterrent for many people, and the list of reasons you can forgo the penalty due to a hardship exemption is broad enough to cover just about anyone who doesn’t want to purchase. For those of us who don’t qualify for a subsidy or for those who don’t want one, seeing premiums double or triple every year makes it tempting to go without, especially for the young and healthy. I had a patient just this week who was upset that her insurance didn’t cover eye care, despite a $700 a month premium. She said she was thinking about droping insurance and saving that money to ...

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When Being Cheap Costs A Fortune

being cheap costs a fortune

  In my day job, I’ve seen and heard some pretty amazing things. Some inspire me. Some make me smile. Some are down right tragic. It’s funny how a routine eye exam can bring up so many different topics of conversations, but one patient I saw last week was a sure reminder about spending money wisely. She certainly could be the poster child for when being cheap costs a fortune. I don’t claim to be an expert on health insurance, but I can usually look at a patient file and see when something doesn’t make sense. Most people over the age of 65 have Medicare Part A and B. Part A covers hospitalizations and doesn’t have a monthly premium if you paid Medicare taxes during working years. Part B covers doctor visits and outpatient care and costs $104.90 each month for people who are married and have family income less than $170,000 per year or for individuals making less than $85,000 per year. The $104.90 is deducted from social security payments unless you decline coverage. Medicare is the best deal going in health care if you ask me. The Cost of Being Cheap This patient was 71 years old, and ...

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Money Decisions to Make in Your Twenties

The following is a guest post. If you would like to submit a guest post, please read my policy and get in touch.  I am sure, twenties is the best time in anyone’s life. The energy, excitement, adaptability, confidence to conquer the world and the ability to work on your passion cannot be matched. Some things that have helped me to date and I want you to keep in mind during your twenties are: Start building an emergency fund: Unexpected events like job loss, accident, losing a loved one, illness can happen to anyone at any time. Not having funds in such situations can make it even worse. So, one of the first money decisions you should make is to start an emergency fund. Save some money in a separate account (make it easier to manage) and only use it in difficult times. Don’t buy stocks with this money or make any investments that can lose money or are illiquid. Start saving for retirement: When you have just started to work, retirement seems so distant; so many years away that saving for retirement may not be one your priority list. Don’t let that stop from saving for retirement. Make contributions ...

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