Insurance

hospital bill

Medical Bills

posted in Insurance

Photo by:tsaiproject Medical Bills Medical bills can be some of the largest that exist. A simple Emergency Room visit can cost you thousands, a few days in the hospital and your medical bill may be in the five figures, and an extended hospital stay can produce a hospital bill of $100,000+! An August 2009 article published in the American Journal of Medicine cited that over 60% of all bankruptcies were caused by medical debt. This should come as no surprise because medical problems can be the most devastating that exist, not only do you get sick or hurt, but your ...

healthcare

Health Insurance Cost Lingo

posted in Insurance

Shopping for health insurance can be a daunting task, especially if you do not understand the costs – i.e. premiums & deductibles. Let’s start by talking about Premiums. Premiums are monthly fees you must pay to your insurance. The premiums do not give you any other benefit other than being a member of the health insurance. They are basically costs that will cover the health insurances’ risk of taking you in. Even if you pay the monthly premium, you will still have to pay a deductible. Deductibles are how much you must pay out-of-pocket, before your insurer starts paying.  Usually ...