Sentences with phrase «pay high medical expenses»

Those who have bought travel insurance do not have to worry about having to pay high medical expenses during their travels, because their insurance companies will provide partial or full compensation for their losses.

Even if they can pay the high medical expenses, they will experience great financial loss.

Not exact matches

The accounts, which are available to working people enrolled in high - deductible health insurance plans, can be used to sock away funds pre-tax and use them before or after retirement to pay for covered medical expenses.

If you've had problems paying bills in the past because of a job layoff or high medical expenses, write a letter to the lender explaining the causes of your past credit problems.

Most consumers use personal loans to consolidate high - interest debt, such as that from unpaid credit card balances, or to pay for unforeseen expenses, such as medical bills.

If you have a High Deductible Health Plan, you can set up a Health Saving Account (HSA), which you can use to pay for medical expenses not covered by your health insurance tax - free.

Health Savings Accounts (HSAs) are tax - advantaged individual savings accounts designed specifically to pay for the medical expenses of individuals who are enrolled in high - deductible health plans (HDHPs).

This includes if you were to become totally disabled, if you have excess medical bills that are more than 7 1/2 percent of your adjusted gross income, if you're unemployed and need to pay your health insurance premiums, if you owe taxes to the IRS, and if you want to pay higher education expenses for yourself or an immediate family member.

If you have a high - deductible health plan (HDHP), you can contribute pretax income into an HSA and use the money to pay for qualified medical expenses.

This interest - bearing checking account is available for individuals who participate in a high - deductible health insurance plan and allows for tax - free distributions to pay for qualified medical expenses.

You may also withdraw the money penalty free (you still must pay regular income taxes) for qualified medical expenses, higher education costs, a qualified first home purchase, and other major life events.

This account allows for tax - free distributions to pay for qualified medical expenses and is perfect for individuals who participate in a high - deductible health insurance plan.

Struggling to pay off high interest debts from medical expenses or credit cards can be absolutely overwhelming.

This 10 % penalty charge, however, may be waived even if you are younger than 59 years and 6 months if you are borrowing to buy your first house, paying for medical expenses due to a sudden disability, expenses for higher - education for self or your offspring, paying to avoid foreclosure or eviction, getting your house repaired after a natural calamity has damaged it, for funeral expenses of a spouse, parent or child, or your employment is terminated when you are 55 years of age.

HSAs and MSAs require that you have a high deductible health plan and are established for paying medical expenses.

A Health Savings Account (HSA) is a tax - free way to save and pay for medical expenses — especially if you carry a high - deductible health insurance plan — by placing pre-tax funds into your HSA.

Tell me why we shouldn't just pay cash for whatever medical care we need going forward and if something expensive happens to one family member then we buy health insurance for that one person for as long as the high expense lasts?

Here is its intended purpose: an HSA is designed to help folks with a High Deductible Health Plan (a $ 2,500 annual deductible or more) create a savings buffer to pay for big medical expenses.

A high deductible means you'll be paying a chunk of your medical expenses before the insurance even kicks in, so if you end up needing a lot of care it could get expensive.

Vehicle repair costs and medical expenses are notoriously high in the United States, and public officials recognize the fact that many uninsured drivers are unable to pay for damages on their own.

This can help ensure higher financial recovery and therefore more money to pay medical costs and living expenses while you are injured.

Truck accidents are scary enough; you don't need to live in fear over how you'll pay your rent or mortgage, much less those sky - high medical expenses.

Higher limits may be a good idea - if you or your passengers are injured in an accident, you may have to pay out of pocket for medical expenses that exceed your coverage limits.

Although, survival rates are considerably high due to advancements in medicine, it is of grave importance that you consider such plans so as that your family can pay for the medical expenses that would arise if you suffer from these illnesses in the future.

Though PPO premiums are generally lower than in Indemnity Plans and comparable to premiums paid in an HMO, the annual medical expenses with a PPO Health Insurance plan are rather high.

Many high - deductible health plans are paired with Health Savings Accounts (HSAs), which let people pay for medical expenses with pre-tax dollars.

As its name implies, it's a health insurance plan that has a high deductible — the amount of medical expenses you must pay each year before coverage kicks in.

If your plan excludes pre-existing conditions and you have high blood pressure and experience a heart attack on a cruise and need medical care, none of those expenses will be paid by your travel insurance plan because of the pre-existing condition.

Medical expenses that are high enough that you meet your deductible each year or that they would cause a strain if you paid upfront

Underinsured motor vehicle coverage pays for your medical expenses, lost wages, and related damages, if you're hurt in a car accident caused by someone with liability insurance, but whose coverage limits are lower than those you choose for this coverage, and aren't high enough to pay your damages.

They may even ask you to pay higher premium or clear part of the total medical expense out of your own pocket, as per the «risk factor» involved.

You can put money in an HSA tax - free and use it for qualified medical expenses after your high deductible is paid (usually about $ 1,250 or higher).

Some state legislatures have recently worked to increase some of these limits due to the ever rising cost of medical expenses especially but also to a lesser extent based on the higher prices we all pay for our vehicles to buy and repair them.

For example, if you hit someone and the damage to their vehicle is not all that severe, but their medical expenses are high due to their injuries like neck or brain injuries requiring complicated surgeries, it pays to have single limit coverage, because all the extra money you have left over in your policy will be available to pay for these charges, and none of it will go to waste.

Otherwise you can raise your deductible on your Orem renters insurance because paying a higher deductible may be much better than trying to pay someone's medical expenses out - of - pocket.

Saving money on tuition, receiving a higher pay, and spending less money on daily expenses is what makes Oregon such an appealing state for medical assistants.