Did You Know You Can Negotiate Your Medical Bills?

Even with health insurance, you can rack up medical bills if you need an extraordinary surgery or simply have to stay in the hospital for a long period of time to recuperate from a dangerous illness or devastating injury. And for those without health insurance, one simple accident could land you in the hospital for a week and in debt for years.

But did you know that you can negotiate medical bills and get them lowered to a more manageable level? You can, and here are some tips on how to do it.

Act Quickly

hospitalYes, you’ve just gotten out of the hospital and have enough to deal with as it is, but analyzing, disputing and negotiating your medical bills is time-sensitive. It will be much easier to deal with if you take care of it sooner rather than later. Try to get the process rolling within 90 days of your discharge.

Get Help

If you’re feeling overwhelmed about all of this, it is completely understandable. Stress is not conducive to healing, so if disputing your bills is something you just can’t handle right now, get help. Patient advocates know the system much better than you do and can make this a much easier process. They may charge you a certain percentage of the savings they are able to negotiate for you, but stay away from [Continue reading]

How to Manage Your Debt

When it comes to managing your debt, financial expert Dave Ramsey suggests that you always give your money a job. In other words, you need to tell your money where to go each month. If you’re struggling with keeping your family finances in line, here are three tips for budgeting your money so that your money always has a job.

1. Budget in Savings

Manage your DebtMost people hate, hate, hate the word budget and everything it stands for. For budget haters, curbing spending habits feels very restrictive. However, this is the wrong way to look at it in terms of debt. Having a budget means you always have money. At least that’s the goal.

What we mean by that is that in addition to [Continue reading]

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Back in 1986 Tom Hanks and Shelly Long starred in a movie called "The Money Pit". It begins when they buy a big, grand, dream house in the New York countryside. It is, of course, too good to be true, and before long they realize that all the repairs … [Continue reading]

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Breaking the Budget Bonds How to Free Up More of Your Finances

If you're like most people, you realize that you put a budget in place to limit spending and to reach other financial goals of saving money or paying down debt. Of course, like most people after living on a budget for a while, you may find that … [Continue reading]

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If you're like most people who anticipate retirement, you are probably eager to start this next chapter in your life. However, before you start daydreaming about how you will spend all of that free time, make sure you are financially prepared. Before … [Continue reading]

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Tracking your income and expenses is key to creating a logical budget that you can stick to. It also prevents you from missing a bill unexpectedly or not being able to prepare ahead of time for a financial emergency. Here are some steps you can take … [Continue reading]