medical care

  • Photo of What Are FSA Funds?

    What Are FSA Funds?

    What are FSA funds? What happens to unused FSA funds? In short, they're your medical costs for the next 12 months and, at the same time, a sizable portion of your paycheck.

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  • Photo of What Is a Dental Credit Card and Do You Need One?

    What Is a Dental Credit Card and Do You Need One?

    Patients may use a dental credit card to take care of related medical expenses. After all, the dentist is part of any consumer’s life, regardless of their age. Firstly, an infant needs to see a specialist to ensure that their teeth are growing normally. After that, when they become a teenager, braces may be necessary. Equally as important, young adults…

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  • Photo of Is It Worth It for Seniors to Get Term Life Insurance?

    Is It Worth It for Seniors to Get Term Life Insurance?

    Many retired households wonder if they need to get life insurance now. After all, while employees’ savings and 401(k)/IRA accounts follow them after they stop working, their employer-sponsored life insurance doesn’t. A whole life policy, however, is too expensive. Even the best term life insurance for seniors over 60 years old would cost less than a quarter of the premiums…

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  • Photo of Should You File Jointly or Separately?

    Should You File Jointly or Separately?

    Most married couples file their taxes jointly. This approach enables them to combine their income and utilize larger deductions or tax credits. For instance, the married filing separately child tax credit is much more limited in comparison to a joint return. Above all else, when you decide whether to file jointly or separately, it is important to keep in mind…

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  • Photo of These Apps Will Lower Your Medical Bills

    These Apps Will Lower Your Medical Bills

    Technology revolutionized everything in our lives, ranging from transportation to shopping. This is even true when it comes to medical care. Instead of rushing to the nearest hospital ER or making an urgent care appointment, patients can lookup their symptoms online. However, not many people know about how apps are replacing insurance companies and hospitals. They cover copays and connect…

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  • Photo of Part Three: Preparing for Inflation-Adjusted Premiums

    Part Three: Preparing for Inflation-Adjusted Premiums

    In January, your tax credits and average health insurance cost, per month, are going to change. Whether it’s a private plan, an employer-sponsored one, or Medicare, all consumers’ income brackets are going to be adjusted for inflation. In short, if your household earnings go up, your premiums might not because of the higher income brackets. Moreover, consumers may even qualify…

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  • Photo of Part Two: Inflation and Your Health Premiums

    Part Two: Inflation and Your Health Premiums

    Generally, the government takes care of a portion of your health insurance premiums. The amount is based on someone’s income bracket, which changes every year because of inflation. In a previous article, we discussed how this impacts the average monthly health insurance cost, even if a household’s income doesn’t go up or down. The change will effect the 2019 Medicare…

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  • Photo of The 2020 Inflation Adjustment and Your Health Premiums

    The 2020 Inflation Adjustment and Your Health Premiums

    Starting next year, inflation will impact the average monthly health insurance cost and the Medicare premiums 2020 rates. More specifically, even if your income doesn’t change, inflation might diminish your taxable earnings. In turn, you may qualify for lower premiums and tax savings. Having said that, higher health insurance options are also on the table. If your income increases, so…

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  • Photo of Medical Credit Cards for Staying Physically and Financially Healthy

    Medical Credit Cards for Staying Physically and Financially Healthy

    Medical bills are one of those expenses in life that you can't really help. Most of the time, you don't get to save up and plan when you have a medical emergency, and it's usually going to take a good chunk of money to pay it off. Sometimes you don't have that option though, and this is a good time…

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