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How To Protect Yourself From a Lifetime of Medical Debt
Medical debt is a reality for over 100 million people and the primary cause of bankruptcy in the U.S., even though the majority have health insurance. However, even with great medical insurance, a stressful health crisis can spiral into a financial disaster and a lifetime of medical debt. But what if we told you that…
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Financial Literacy and Medical Bills
We have all heard the saying “Money doesn’t buy happiness.” However, evidence shows us that stress over finances takes a huge toll on your mental and physical health, increasing depression and anxiety. This is where financial literacy, as well as medical financial literacy, can help. Why Should You Care About Financial Wellness? Given the significant…
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How Price Transparency Helps Reduce Out-of-Pocket Costs
Hospitals and medical providers haven’t always been transparent with their pricing. For decades, it was normal for us to have no idea how much we owed for medical care until the bill arrived. Surprise bills were common. As a result, millions, mostly insured patients, were left in debt. But in recent years, federal lawmakers heard…