Not exact matches
An
emergency fund to help in case of unexpected things such as a job loss,
medical expense or a
major home or auto repair.
They are also ideal for accumulating a cash reserve fund, where funds can be easily accessed for
emergencies, such as a
major car repair or a big
medical expense.
We've established an
emergency fund is 3 to 6 months of living
expenses that one uses in the event of a job loss or
major medical emergency.
Our
emergency fund has nine months of household
expenses and is meant for costs we hope never to face, such as mortgage payments if one of us lost our job or
medical expenses if we suffered
major health problems.
When hit by the unexpected — such as
medical expenses,
major car repairs or a job loss — the
emergency fund can be a life - saver.
Resolve to open a separate savings account for large
emergency expenses such as a new furnace,
major car repair, or
medical emergency.
If an unforeseen event occurs, like a
major car repair, an unpredicted
medical expense or a tree demolishing your garage, dip into the
emergency fund.
This is money set aside to be used if, and only if, you experience a household
emergency like a job loss, a
major car or house repair,
major medical expenses, etc..
Emergency expenses such as a loss in income, a household repair, or a
major medical bill can put a significant financial burden on you and your family.
A health insurance plan mainly cover the
medical expenses and hospitalization benefits during any
major surgery or
medical emergency covered by your insurance policy terms.
A serious
medical issue or a
major accident resulting in
emergency care and / or expensive treatment calls for huge out - of - pocket
expenses, which could lead to poor credit and sometimes even bankruptcy - in the absence of health insurance coverage.
If it does not, then during
medical emergencies, you may end up bearing a
major chunk of the
medical expenses, thus defeating the very purpose of a good health insurance plan.
Health Suraksha with Regain and ECB Plan acts as your companion in
emergencies and provides a comprehensive
medical insurance plan that offers coverage for in - patient treatment costs, pre-hospitalization and post-hospitalization
expenses, and such other
major expenses.