What You Need to Do to Fight Outrageous Medical Bills

As you might know, my wife and I have had serious medical problems for years and years. Over the last ten years, our medical costs have exceeded 30% of our gross income. That’s about four times what the average person has to deal with based on numbers from 2017. So we’ve seen our share of outrageous medical bills.

Outrageous medical bills are all too common. Here's what you need to do in order to fight for your rights so they don't take advantage of you.

Unfortunately, it’s something we have to live with and it is one of the main reasons why we are so careful when it comes to saving money. You see, without being so aware of how to save, we would have even more difficulty managing to get through life and the cost of medical care would simply overwhelm us. We aren’t alone and I am not going to whine about it here anymore that I have to do it in order to make my important point:

There are things you can do to fight your outrageous medical bills.

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Healthy, Wealthy, and Wise Are Not a Package Deal

Forever I have heard the saying of one of my favorites Ben Franklin that includes the phrase “healthy, wealthy, and wise”. OK, if going to bed early could really simply foster those things wouldn’t we all be heading to dreamland around 8 PM and basking in great health and wealth when we woke up each day?

For those seeking to be healthy, wealthy, and wise, the path isn't always easy. Here are some thoughts on getting there and current events.

But let’s be real for a second. First of all, almost all of us don’t go to bed early simply because we enjoy doing all the things that you can do in the evening like dining out, watching television, and, well, just doing the things we can’t do in the daytime because of work. So strike one right there. The days of going to bed at dusk ended when being a farmer was no longer the number one job anyone could have. No offense intended Ben, but health and wealth and wisdom don’t just come to those gentle souls automatically!

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Editorial: On Being a Responsible Human

For over five months now we have been listening to all kinds of people explain what we should and shouldn’t do to contain a pandemic. When something like a worldwide disaster that is killing hundreds of thousands and potentially millions of people occurs like this, you’d think that everyone would be on the same page and do what we have to do to protect ourselves and our loved ones from it. You might think that, but it certainly is not true. At least it’s not here in the United States.

While it's always important to be a responsible human, never has that been more true than during a pandemic. We all need to work together now.

Maybe it’s because I am older than the average American or maybe it’s because I am just afraid that I will become sick and die horribly from this pandemic, or maybe it’s just that I am smarter that most people, but whatever it is, I find myself staggering around in disbelief about what I am seeing and hearing every day. I think five months is way too long to remain silent here in my little corner of the world about being a responsible human.

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11 Ways to Save Money on Vitamins and Supplements

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I never really gave much thought about “taking my daily vitamins” when I was younger. Being young has a way of making most of us think that we are immortal and that it really isn’t necessary to take vitamins and supplements every day. That’s for older people and mostly those who aren’t healthy (like me), right? Well, that couldn’t be further from the truth. With the way we live today and our fast food lifestyle, taking some sort of daily regimen of vitamins is not just a good idea, it is really a necessity!

Vitamins & supplements can help to improve your health and save you on long-term healthcare costs. Here are 11 ways to save money when buying your vitamins.

Taking a daily multivitamin can fill the gaps of any vitamins or minerals you didn’t get throughout your day. Even the most health-conscious people still may be lacking in a certain vitamin on any given day, so each vitamin or mineral serves a specific purpose for your body’s needs. It can be anywhere from basic functionality to providing an extra energy boost throughout the day. But buying vitamins can cost significant money, so how can you save money when you shop for vitamins and supplements? Are they worth it in the long run?

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How Someone with a Disability Can Plan Now to Make Long-Term Care Fit Your Financial Picture

For today’s guest post, please welcome Ed Carter, a retired financial planner who uses his expertise to help people with disabilities plan their futures.

It’s an unfortunate reality that many adults with disabilities are faced with financial challenges. According to a report from the National Disability Institute, adults with disabilities are three times more likely than others to have trouble paying medical bills, and 55% of individuals with disabilities do not have savings to cover a financial emergency. These concerns are troubling at any age, but when you think about paying for care later in life, financial planning takes on a new meaning. This is why it’s so important to make a financial plan now to safeguard your future.

It's important for individuals who have a disability to plan financially for their long-term care. Here are three steps to take in planning for the future.

Make Sure You’re Covered

If you haven’t done so recently, start by reviewing benefits you may be eligible for, including Medicare, Medicaid, Social Security, and more. You may be surprised by the types of services you can access, such as housing assistance and special savings accounts for individuals with disabilities. Make sure you’re also taking advantage of all tax benefits that you’re eligible for.

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Can You Stop Prescription Price Greed Now?

As you may know, prescription prices pay a huge role in my budget and that’s a very important issue for me. Over the past two months, I participated in two separate important events that involve the prescription drug crisis in America. Today, I’d like to tell you about them.

Prescription prices in the U.S. are outrageous. But you can help me fight against big pharma greed. Learn more about what's going on and what you can do.

The first event was a panel discussion group that was put together by a legal firm to discuss a lawsuit filed on behalf of consumers against a major drug company. We discussed a company that is alleged to have paid off and conspired with a competitor to deter and delay the release of a generic version of one of their drugs and thus reaped millions of dollars because of it. (A confidentiality agreement won’t allow me to disclose the names of these two companies here right now.)

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10 Must Buy Generics (And 5 Branded Items Worth the Price)

There is a challenge I go through every time I shop and it’s one that I am betting you think about, too. It’s the brand names versus the generics thing that is kind of the “Ali versus Frazier” matchup that we all go through regularly!

When it comes to saving, generics are a great way to reduce spending. Here are 10 generics you should buy, plus 5 branded items I believe are worth it.

There is often some fear in people when it comes to shopping and buying an item they may never have heard about or seen before, and that’s even truer when it comes to generics. Those are the items that are not national brands, but swear that they can still do the job to satisfy your needs and wants!

Loyalty usually is a great quality, but it can be costly when you shop. Sticking to just one brand rarely makes sense when the only meaningful difference between a national brand product and its generic version is the price.

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The Big “H” to Worry About in Retirement

Most people who talk about retirement planning are usually concerned about the “financials”. They talk about saving for it, investing for it, earning more for it, and guarding against the erosion of it so it will last on and on into the sunset of those golden years. And they are 100% right to do that, for sure. Without a strong financial base, retirement will be a struggle at best or a disaster at worst. Believe me when I say that the proper planning doesn’t just appear magically when you are actually retiring and needs to starts much earlier. So much earlier, in fact, that it should start when you begin your very first job because it’s that important. I say that to anyone who will listen, but very often if falls on deaf ears.

Healthcare in retirement is the Big "H" to worry about. Many retirees don't plan adequately for healthcare costs and don't realize how significant they are.

But, the fact that financials are so important doesn’t mean that there isn’t “something else” to be concerned about. I like to call it the Big “H” that you need to give plenty of thought to when it comes to your retirement years. What is it you ask? The twist is it’s about your healthcare, the Big H of your retirement years!

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