stockfresh_4665102_student-loan_sizeS-300x300It is a new semester on college campuses and the last one for many seniors. College days are about over, and the monthly student debt bills will soon begin. Some seniors already have accepted job offers, but loan repayments might take a big portion of their paychecks. The cost can harm financial wellness.

 

College debt can be enormous with a person perhaps owing more than $100,000. New graduates have not faced the payment obligations the size of a house mortgage. Drastic steps such as forbearance and even declaring bankruptcy can appear to be the only options. However, desperate decisions are not necessary. Continue reading

stockfresh_5987416_customer-relationship_sizeS-300x200Automation and the Internet are meant to make things easier. Benefits enrollment will have dedicated websites and people can change their 401(k) donation mix online. Everything is intended to be more efficient, but it doesn’t always make things better. The human touch is a critical component of benefits quality. Group legal plans must remember that pre-paid legal services require personal interaction.

 

The Law is Mysterious

 

Legal procedures have distinct steps to follow. Language in documents like living wills has unique definitions and may not be altered. The legalese mystery can create considerable anxiety. Continue reading

stockfresh_3279849_costs-benefits_sizeS_e3a3fc-300x200The new year will be full of surprises and challenges. Some developments will be great and will make an employee proud to work for an organization. It’s unfortunate, but other changes will be unexpected and not appreciated.

 

Rules and Regulations

 

Changes at all levels of government happen in January. Rules and procedures are revised to meet requirements mandated by new laws. Altering the status quo causes anxiety and whoever relies on government services will suffer high-stress levels. Continue reading

debt-relief-pill-300x255January comes as a shock  for some people. The new year impacts an organization’s health insurance deductible: it starts all over. The full deductible amount is reinstated. It upsets folks because they are afraid their medical condition will jeopardize their financial wellness.

A Nasty Compromise

Employers do what is necessary to contain medical expenses. Raising employee premiums or changing the co-pay percentage is not popular with the workforce. The compromise is to increase the deductible instead. Deductibles between $5000 and $10,000 are typical. Continue reading

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Fiscal responsibility is a virtue everyone wants to have. Unfortunately, it is not that simple, nor is it easy to get. Folks will try all types of budgeting but do not always get it right. Attempts to pay large bills are frustrating, and people start worrying about how they will ever eliminate their credit card debt. Financial wellness means using the proper tools to get out of choppy water and commence smooth sailing.

 

There are many financial gurus out there who promote this idea or that in order to help somebody walk a smooth path. The problem is that these so-called experts promote general ideas. Their suggestions may or may not be what an individual needs for his or her finances. It is essential to have somebody to work with in a one-on-one situation. It guarantees that an individual’s financial wellness is constructively addressed. Countrywide Pre-Paid Legal Services has a benefit that can help anyone do a better job of managing domestic finances. Continue reading

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People prepare for death in various ways. They will draft simple wills (good idea!), buy burial plots, and take out final expense insurance policies. These are all excellent financial choices and show a person wants to protect survivors from paying significant death expenses. They will concentrate on costs incurred by death itself, but there’s one thing missing in their planning: cost related to the act of dying.

 

Death will come in various forms, but it isn’t always immediate. Heart attacks, brain seizures, and sudden accidents can leave a body just clinging to life. Healthcare providers will maintain a victim on life support unless instructed otherwise. This creates a state of limbo that has severe financial consequences. Continue reading

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College can be a major learning experience after graduation. The grace period for college debt repayment ends six months after the final ceremony and it can be a shock. The monthly payment on six-figure debt can be the sizable mortgage. The financial wellness of a young employee might be in danger.

 

Forced Choices

 

College debt is a significant disruption in anyone’s life. Decisions about buying a house, having children, or getting married are affected. A young graduate has little understanding of finances, and panic is a normal response. Using forbearance or not paying and then filing for bankruptcy creates more substantial problems. The wrong decision will result in credit ratings being destroyed and money problems lasting well into the future.

 

The new employee doesn’t require a handout. Good advice in managing college loan repayment is better than cash. Countrywide Pre-Paid Legal Services offers a financial wellness plan that can resolve many common financial challenges. Continue reading

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Taxpayers get aggravated with government agencies. These citizens need help and getting support is rarely easy. Rules, procedures, and protocols often get in the way.

 

Sources of Frustration

 

Some common problems will drive people up the wall.

 

*The Paperwork. It often appears the smallest services require the most prolonged application. It takes a while to complete the paperwork, and there still might be problems. Folks sometimes must fill out a second application because there were errors in the first one.

 

*The Wrong Office. A person will take the time to go to a government office and discover it is the wrong place. This means an extra trip must be made and precious time will be spent.

 

*Long Lines. Public agencies are notorious for long waiting periods. It happens too often that an individual waits an hour for 10 minutes of assistance.

 

*The Wrong Information. It is the most frustrating part of dealing with the government. After going to the office, waiting to get served finally, and filling out tedious paperwork, a citizen finds out he or she has the wrong information.

 

There needs to be a way to cut through the red tape and delays. Not all group legal plans will provide help in dealing with government agencies. Countrywide Pre-Paid Legal Services has such assistance as a group legal plan benefit. Continue reading

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Legal documents can be stressful. The average employee does not understand the verbiage and is easily frustrated. The greatest danger is to sign a document without understanding the obligations or consequences buried within the paperwork.

Common Problems

Some issues make legal documents a pain in the neck.

*Outdated or Invalid Forms. Landlords who own properties in several states may use an out of state lease, which is invalid. These documents might not include current information required by recent changes in the law. The tenant is thus being held accountable for a paper that has no legal standing. Continue reading

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Medical emergencies are often unexpected. They cause people to spend extended time in a hospital bed and undergo lengthy therapy afterwards. It all adds up to a very sizable bill. People will panic over the size of the invoice, but they should be careful about taking drastic measures that might damage financial wellness. There are several ways to handle that medical bill.

Some Options

  1. Medical Credit Cards

Healthcare providers may have a credit card option, where the patient signs up for medical credit card with the provider. It doesn’t take long for approval and this type of plastic is ordinarily for medical situations. Continue reading