The Everything Budgeting Book by Tere Stouffer

Author:Tere Stouffer [Stouffer, Tere]
Language: eng
Format: epub
ISBN: 978-1-4405-6777-3
Publisher: F+W Media
Published: 2013-08-02T16:00:00+00:00

You never want to finance your home for more than you can sell it for. If your income changes, you might be trapped in your home, unable to sell it and unable to afford the payments.

If Family Medical Bills Overwhelm You

Even if you carry medical insurance, unexpected medical bills can pile up. Here’s why. Suppose your insurance carries a $250 deductible and then pays 80 percent of your medical expenses (your 20 percent is called your copayment). You are in a car accident that doesn’t do any permanent damage to your body, but it does result in $15,000 in hospital bills. Of that $15,000, you’ll owe $250 for your deductible and $2,950 for your copayment, for a total of $3,200! Where in the world are you going to come up with that?

Generally, you have only one option: Work out a payment plan with the hospital. (A second option is to pay the bill with your credit card and pay it off aggressively each month, but often the interest rate on credit cards is sky-high.) Some hospitals offer interest-free payments if you pay within three to six months; others charge interest (but usually less than credit card companies charge) no matter how soon you pay.

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.