Most of us are not financially prepared for a medical crisis caused by a critical illness within our family. Out of pocket expenses can deplete our savings, home equity and retirement funds. Major medical insurance does not cover many non-medical expenses. Out of pocket costs include:
Deductibles and co-payments
Doctors and hospital costs exceeding usual and customary charges
Travel to out-of-town hospitals for treatment
There may be nothing worse than laying in a hospital bed worrying about getting well and having to worry about finances at the same time….