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Tag Archives: medical costs

How to Get the Most from Your Doctor Visit

doctor visit

Have you ever made an appointment with a physician and afterward felt as though you wasted your time and money? I have and it’s made even worse because I really hate going to the doctor. Most people have had this type of experience at least once,  and it’s very frustrating to spend time and money going to a doctor visit when you are sick only to leave with more questions than answers. But there are things you can do to help both yourself and your doctor find the answers you’re looking for so you can save time and money by not having to go in a for a repeat visit unless you truly need one. Here are some tips for how you can get the most from your doctor visit. Arrive Early I can’t stress this enough. It might seem like a waste of time to arrive to a doctor visit early, especially when it seems like your doctor’s office is always running behind schedule. But you should arrive at least 15-20 minutes early to give yourself time to complete any paperwork and fill out forms after you check-in, especially if it is the first time you have been to that ...

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What’s Your Cost to Retire?

The following is a guest post. If you would like to submit a guest post, please contact me. Statistically, the average American won’t start saving for retirement until the age of 30. That’s not even counting the growing number of self-employed workers who are navigating the financial landscape alone. You can safely estimate a few things, like your yearly contribution or whether you plan to have your home paid off before retirement. If you want to retire comfortably, estimating the cost of your retirement is the most important step in determining the contributions you must make. Inflation How much is inflation expected to rise? In 1970, a single pair of glasses that might have been sold to a 30 year old at the time cost roughly $18. Today, that same pair can go for over $400, not including the cost of an eye exam. That’s a dramatic change in just one item you will most likely need as you age. What about the cost of fuel (whichever source we finally decide to use) and food? Tools like the Charles Schwab retirement calculator can help you form a realistic picture of how much money you will need by your desired retirement ...

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Obamacare: Should I Take the Penalty Instead of Purchasing Health Insurance?

A big part of the Affordable Care Act, commonly know as Obamacare, starts on January 1, 2014, and it requires everyone to have health insurance unless you meet one of a few exceptions. If you choose not to have health insurance, you will be subject to a tax penalty. If you don’t already have health insurance, could it make financial sense to take the penalty instead of purchasing a policy?   Saving Money By Not Buying Insurance Let’s look at it from a purely financial standpoint. I will use a friend of mine as an example. We’ll call her Irene. Irene doesn’t have health insurance and has a decent job at a small business that doesn’t offer a group policy. Because her employer only has a few employees, they are not required to offer insurance under the Affordable Care Act. Her husband and step-daughter have coverage through his job. Irene has no coverage for herself and her daughter, and they don’t qualify for state aid. For the two of them, it will be around $250 per month.She is a smoker and has a higher rate due to that status. The penalty for not getting insurance is $95 per adult or ...

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