pay for medical
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Budgeting
How to Remove Medical Bills That Are Affecting Your Credit
There are steps that you can take to remove medical bills that are affecting your credit. The main ones include disputing potential errors, negotiating with the debt collector/hospital, seeking financial assistance, or simply waiting for the statute of limitations to expire.
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Insurance
Single-Trip Medical Travel Insurance Coverage: When and Why Do I Need One?
You should initially check if your primary insurance entails medical treatment abroad and what the health care policies of your destination are. When all else fails, a single-trip medical travel insurance plan is certainly worthwhile, especially in comparison to what you could end up paying.
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Budgeting
Should I Get a Medical Credit Card or an HSA/FSA?
A medical credit card gives patients the opportunity to manage their money and build credit when they pay for health care costs. Meanwhile, medical savings account rules allow you to deduct deposits and expenditures from your taxes.
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Credit Cards
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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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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Budgeting
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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Budgeting
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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Budgeting
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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Budgeting
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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Budgeting
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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