Out-of-pocket expenses

Based on the salary of $81,312 (career choice), at a period of 15 years, with an inflation of 5% after taxes, my level of life insurance will be at $658,334.48. I feel that this will be more than enough to cover my funeral cost and other financial expenses in my absence. Like all financial planning, it is always…

the books, the tuition and other expenses we can pay out of pocket without taking out student loans or asking our family for money” (“Minimum wage increase may benefit college students the most”). College tuition has gone up every year since 1978, forcing the student to take the loan than any other previous generation to go to college. If the student starts tagging on the prices of the books, room and board, dining, clothing, car maintenance, gas and other expenses, it becomes nearly impossible…

responsibility out of a person’s hands, placing it in the hands of the US government after declaring obesity as a disease. The US has one of the highest obesity rates in the world, over one-third of Americans are considered obese (Tanner, 2013). Obesity cost on average more than $190 billion dollars per year in medical bills and expenses (Tanner, 2013). The American Medical Associations decision to cover the cost of obesity will end up costing American’s more money out of pocket than if obese…

over a million dollars, and this is on average. These number only include the medical expenses from the time the procedure’s test are ran until the post op appointment for the actual transplant itself. Unfortunately, this does not include travel to and from doctor’s appointments and lost wages from not being able to work while receiving treatment, nor does it cover the cost the patient actually has to pay out of pocket for. The longer a patient has to wait for a transplantation to take place the…

The government of South Africa uses about 11 percent of their budget to contribute to the countries healthcare expense. The public contributes about 80 percent of their budget to the countries expenses. There are over 3,500 clinics in the rural area of the country that offers free healthcare to children under 6 years old. They also offer free healthcare to pregnant and breastfeeding women. South Africa does…

Car insurance persuasive argument: Car insurance has been described as a necessary evil countless time, but in the society, we live in today it really is that, necessary. You could be the most cautious responsible driver on the road however you cannot control how the motorists around you will react and thus are still constantly at risk of being involved in an accident in which you will face financial risk. Car insurance allows for peace of mind whilst you drive which is one of the greatest…

First, it’s important for the patient(s) to understand and weigh their options carefully when choosing health care insurance. They can determine their choice of the type of plans based on which doctors they chose to see and the possible out-of-pocket costs. Ultimately, it will be the choice of the patients to choose a health insurance plans that will fit their needs in terms of personal preference and circumstances . However, I decided to chose health maintenance organization and indemnity plans…

Getting Car Insurance? 3 Mistakes You Should Avoid Making If you’re driving in the US, you need some form of car insurance to be able to take your car out onto the open road. Unfortunately, it can be confusing when it comes to what kind of insurance you should get. You don’t want to spend a small fortune on an insurance policy that is overkill, but also want to make sure you are covered if an accident happens. As long as you avoid these mistakes, it will help you make the right decision. Lying…

deductibles and no limit on out-of-pocket expenditures, and non-acute services, such as long-term care are not covered” (An Overview of Medicare, 2016). Furthermore, those aged requiring home care of nursing home services unrelated to an illness episode have to typically rely on their own funds to cover such expenses. So, out-of-pocket payments for excluded benefits as a percentage of income are high for the low-income aged. According to Justin’s report, “out-of-pocket payments for excluded…

insurance policy for someone with private health insurance typically won’t cover alternative medicine. According to the National Institute of Health, Americans spend more than thirty billion dollars each year on complementary treatments, while annual out-of-pocket costs total about $27 billion. Complementary and Alternative Medicines (CAM) consists of many therapies including these common remedies: • Active release technique • Acupressure • Magnet therapy • Hydrogen peroxide…