Deductibles Create Sizable Expenses
Folks are understandably concerned about credit card debt and college loan payments. There is another major financial presence in the room and has to do with health. Medical care is not inexpensive at all. In fact, some of those bills pose a real danger to a normal person’s financial wellness.
Deductibles are the Problem’s Source
Organizations have tried to control costs by raising the deductible in their health plans. It is a management decision with which most healthy people have no problem. However, anyone who must have surgery for a broken arm or leg knows what the price can be. Such medical attention can cost thousands of dollars, and the deductible must be met before full coverage kicks in. Moreover, the deductible starts all over again each year, so that anyone who has therapy in one year may be paying even more if the therapy also takes place in the following year. Some employees are drowning in a sea of medical bills. Countrywide Pre-Paid Legal Services is aware of this dilemma. We choose to respond to it by offering medical debt assistance in our financial wellness program. Continue reading