The Health Care Cost Battle
"You cant pour from an empty cup , take care of yourself first" Picture this: you or your loved one is admitted to the hospital for a minor surgical procedure, requiring a few days for recovery. As you get ready for discharge, a member of your care team informs you that additional treatment is necessary, and the medication costs $1,000 a week. How would you respond? Since this situation is unfamiliar and you were not prepared for such an expense. Preparing for medical emergency costs—both for yourself and as a caregiver—requires proactive planning and financial awareness. Here are some practical steps to ensure you're ready: 1. Build an Emergency Fund Purpose : Set aside money specifically for unexpected medical costs. How : Aim to save 3-6 months' worth of living expenses in a high-yield savings account or dedicated emergency fund. Tip : Start small if needed—consistency matters. 2. Understand and Review Health Insurance Know Your Coverage : Familiarize yourself...