Health

The Emotional Effects of Debt

Whether it’s considered “good debt” or “bad debt,” the truth is, any debt can cause serious emotional effects. Studies show what many of us already know: Debt is about much more than money. Being in debt can lead to a number of other emotional and psychological issues. The average American has $15,950 in credit card debt, and 39% …

How to Curb the Rising Costs of Parenting

Parenting is the most difficult yet rewarding job I’ve ever had in my life. It definitely hasn’t been easy on my pockets, either. And apparently, I’m not alone in my experiences. According to a recent report released by the U.S. Department of Agriculture, the average cost to raise a child born in 2013 will be $245,300. That’s the …

Separating Obamacare Facts From Fiction

Chances are you already have a strong opinion about Obamacare — and you’re not alone. The one consistent factor since Obamacare was passed and signed into law is that most people find the law confusing. Much of that confusion is driven by misinformation and misunderstanding. We’ve gathered some of the most common ones here. I’ll …

Categories: Health, Insurance

The Affordable Care Act and You

The Patient Protection and Affordable Care Act, commonly referred to as Obamacare or the Affordable Care Act was signed into law on March 31, 2010. The goal of the Act is to make affordable health care accessible to all Americans. The Congressional Budget Office estimates that once the ACA is fully implemented 94 percent of …

Categories: Health, Insurance

Twelve Inexpensive Strategies for Saving on Medical Costs and Improving Your Family’s Health

According to the Centers for Medicare and Medicaid Services, the average American incurs $9,807.50 in medical expenses each year. Let me repeat that: according to the Centers for Medicare and Medicaid Services, the average American incurs $9,807.50 in medical expenses each year. That is an extremely heavy financial burden for anyone. While it’s obviously not …

Categories: Getting Started, Health

Five Inexpensive Gym Alternatives for Exercise

In my area, the cheapest gym I can find for exercise is one that charges about $15 per month and charges additional fees for every class you might take. The $15 per month just gets you in the door and gives you access to the facilities. Other gyms that offer training programs and such accelerate …

Categories: Frugality, Health

Four Hidden Costs of College

I still fondly remember my first semester at college. I was the first person in my family to go to college, and I was attending a reasonably prestigious university far enough away from home that it wasn’t feasible to go back with any regularity. I knew no one at all when I moved into my …

A Health Insurance Disaster: Falling Down the Medicare Donut Hole

Today, we’re continuing the TSD writers series with health insurance insider, Jennifer McCarthy’s costly health insurance disaster. Be sure to read Jennifer’s guide to health insurance and her articles on student health insurance, health savings accounts and health insurance loopholes. Feel free to share your experiences in the comments, or reach out to the writers …

Categories: Health, Insurance

The Complete Guide to Health Insurance

The state of health insurance today is one of America’s most heated debates. The Affordable Care Act, widely referred to as Obamacare, aims to revamp the American health care industry, and some provisions of the Act are already kicking in. In this rapidly changing environment, it pays to be aware of the fundamentals. As an …

Categories: Health, Insurance

Tactics for Appealing Health Insurance Denials

A few weeks ago, I put out a call on Twitter and on Facebook for detailed posts that people would like to see. I got enough great responses that I’m going to fill the entire month of July – one post per day – addressing these ideas. Update: With the passage of the Affordable Care …

Categories: Health, Insurance

Health Insurance and Downgrading Your Job

In April 2010, my wife made the choice to step away from her job for the rest of the year in order to be a stay-at-home mom. She chose that period because she knew that she loved her job and that she would be itching to return after nine months. Her employer made it possible …

Categories: Health, Insurance

Do I Need Long Term Disability Insurance?

Over the last few weeks, I’ve been carefully considering the above question. I’m twenty nine years old, in good health, with a wife and two young children at home. I don’t commute for work, either, vastly reducing my chance of a disabling accident. In other words, my chance for long-term disability is pretty small. How …

Categories: Health, Insurance

Should I Go Without Health Insurance?

This week, The Simple Dollar attempts to address challenging questions in personal finance by looking at both sides of the story and figuring out some of the factors you need to look at to make a decision. Over the last few months, I’ve received many, many emails from people thinking about a career change, usually …

Categories: Careers, Health, Insurance