Whether you pay your rent, mortgage and credit cards on time affects your credit rating. In turn, your credit rating will determine how much money you can borrow and at what price if you need money. You may need money to pay for your medical expenses or to keep your lifestyle. Credit rating also impacts areas of life such as automobile insurance premiums. Do what you can to protect and improve it.

Don't let any insurance policy lapse for non-payment. The last thing you need at this point is a large economic loss that could have been insured against.

When you keep track of medical expenses, include the cost of getting to and from doctors. Medical expenses may be deductible for tax purposes.

Also keep track of the medical services you receive.

• If you pay the bills, you'll want to know what services were received.
• If an insurer pays the bills, it's important to keep track so the insurer doesn't pay for services not received.

Don't pay a medical bill just because you receive it. Many health care providers send insureds bills even if the amount is covered by insurance. Check the bill to be sure:

• That the service was received AND 
• That you owe it instead of the insurance company.
• If you owe a bill, you can likely negotiate the amout due.

Tell your personal lawyer, accountant and financial adviser about your illness. The more they know about you, the more they can help.

Please share how this information is useful to you. 0 Comments