Now that President Obama has made health care reform a done deal in the U.S., it’s time to start looking at how it might affect your finances. Americans pay more for health care than any other developed country, and health care costs in the U.S. continue to skyrocket. But, what do the basics of health [...]
You might not think there is a correlation between exercise and financial success. But, if you don’t exercise you may be negatively affecting your financial health, as well as your physical health. How can not exercising hurt your finances? Daily physical activity lowers the risk of a multitude of ailments, from heart disease to diabetes [...]
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If you have unpaid medical debt, this can, and will, affect your credit score, which may affect your ability to purchase a house or car. If you are suffering from piles of unpaid medical bills, there are some things you can do to help deal with your medical debt. Make sure that first you thoroughly [...]
Medical illness can be a financial nightmare leading to bankruptcy. Many people file to reduce or even eliminate high medical bills. Illness and medical bills contribute to more than half of bankruptcy filings. Sometimes an unfortunate accident or major illness can completely ruin a family. Illness often leads to financial catastrophe through loss of income, as well as [...]
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This news story explains the governments stimulus and it’s different aspects: An examination of how the economic stimulus plan will affect Americans. Taxes: The recovery package has tax breaks for families that send a child to college, purchase a new car, buy a first home or make the ones they own more energy efficient. Millions of workers [...]
In a troubled economy, many companies are cutting back on jobs. But if you are laid off, there’s no need to panic, here are some strategies for keeping your finances in order even if you lose your job. Plan ahead When a company is having financial problems, most employees can see the signs long before [...]
What’s the plan? The plan is to make affordable, quality health care accessible to everyone. The cost of both health insurance and health care has risen almost exponentially. Because of the rising cost many poor and working class Americans aren’t able to purchase health insurance. Making health care affordable will reduce the number of uninsured [...]
Imagine for a moment that your health has taken a turn for the worse. You need extensive medical attention and expensive treatments. Would you be prepared to account for these medical costs? Or would you or a family member ultimately have to deal with this financial burden? Surely, you would not want to suffer the [...]
Medical bills are the leading cause of bankruptcy, according to a Harvard University study, which also showed that more than 75% of those who declared bankruptcy because of mounting medical bills had health insurance at the start of their illness. These days, the word “insurance” may be a misnomer. Health care coverage no longer insures [...]
As Health Savings Accounts grow in popularity, there is growing fear among those who want to nationalize healthcare that they will not be able to put the cat back in the bag. There are already over 3 million HSA owners, and by 2010, the Treasury Department estimates as many as 45 million Americans will be [...]
