Saving Up and Planning For Unexpected Expenses

Oct 06, 18 Saving Up and Planning For Unexpected Expenses

“All days are not same. Save for a rainy day. When you don’t work, savings will work for you.”

M.K. Soni

The hurricane season last year left many households in wreck, not just on their properties but also in their finances. The destruction left by the inclement weather forced many people to spend more on unexpected expenses.

Over the past few years, destructive weather disturbances have become common. But while these phenomena are not new nowadays, the sad fact is that only very few American households actually save up for these ‘unexpected’ expenses.

Come to think of it, many of us make budget plans every year (some do it monthly). Some even write their financial plans on creative planners, such as those reviewed at We allot budget for basic necessities, transportation, mortgage, vacation, insurance, etc. But not all of us actually allot money for unexpected expenses. As a result, our finances get drained when these unplanned expenses occur.

Preparing for Sudden Expenses

Aside from storm-related costs, there are many other unanticipated expenses that can arise throughout the year. Emergency home repairs, additional power and heat consumption, car repair bills, annual insurance premiums, sports fees, new membership & subscription fees, medical expenses, and other lump sum expenses. This list can go on and on, as there are endless sudden expenses that you can face.

Saving Up For Unexpected Expenses

Unanticipated expenses can eat up a large sum of your daily budget and even savings. That is why, it is vital that you include it in your annual budget management plan. Here’s how to effectively prepare for these sudden costs.

  1. Identify the common unexpected expenses. Usually, these expenses are seasonal in nature so you can actually foresee them. Some examples of sudden expenses include car repairs, Christmas gifts, car insurance, winter season, dental bills, property taxes, etc.
  2. Review your previous year’s credit card and bank statements. See any irregular expenses or withdrawals. This should help you better identify the sudden expenses you’ve accrued.
  3. Sum up all the amounts paid for unexpected costs that are beyond your monthly paycheck. Divide the sum with your total annual paychecks. So, if you incurred $3,000 for sudden expenses, divide by 24 (if you receive bi-monthly paychecks), then you’ll need to allot $125 for unexpected costs.
  4. Consider it as a recurring expense and pay it up every time you receive your paycheck. For a more organized financial management, you can use the best goal planners that you can find at Get Life You Desire.
  5. Be ready to adjust with your budget and spending habits. You can also start saving small then move up until you reach the target savings. This should help avoid hurting your spending on basic necessities.
  6. Set up electronic transfers that will automatically fund another savings account intended for unexpected expenses. This will help you manage your money better and avoid forgetting your savings.

Once your savings begin to grow, you might be tempted to spend on unnecessary buys. Avoid this itch by thinking of your goals for the savings. Just think that if you spend it now, you’ll end up paying more on debts in case sudden expenses come your way.




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Does Your Health Insurance Cover Pain Treatment?

Thousands of people suffer from chronic pain conditions, particularly back pain. In their battle with chronic pain, these people bear yet another unnecessary struggle – health insurance coverage for pain treatment.

Many find that their health policy does not actually cover certain chronic pain treatments, or that there are tiresome obstacles that they still need to hurdle before having their treatment covered. Some people with chronic back pain benefit from using a Pillows for neck pain (check out this link for more information about this alternative neck pain treatment), unfortunately, not all policies will pay for its cost. It would help to discuss with your health policy provider whether a treatment is covered or not.

Here let’s take a look at some chronic pain treatments usually covered by health insurance.

Pain Medication

Majority of health insurance covers the cost of prescription pain medications. The frequency of medication refilling depends on the doctor’s prescription. Some insurance may have limitations. For some types of pain medications, you may be required to visit your physician every few months to keep the prescription active or to request a new prescription.

Physical Therapy

Physical therapy helps increase strength, improve range of motion and reduce swelling often providing lasting back pain relief. Although most insurance plans cover for the cost of physical therapy, they usually cover only certain number of sessions. Be sure to talk with your insurance provider before starting physical therapy sessions.


Being prescription medications, injections are usually covered by most insurance policies. However, there may be limitations as to the frequency and/or number of injections you are covered.

Surgical Procedures

For minimally invasive procedures, such as out-patient or same-day procedures, the insurance policy usually covers the entire cost. Usually, chronic pain surgeries are costly and so you may need to shell out a few bucks. Meanwhile, for more complicated procedures, you may have a hard time getting coverage and may require additional documentation for approval.

When it comes to back pain treatment, sufferers normally require multi-modal treatment. Before you take on any of these treatments, it would help to discuss things with your insurance provider to avoid unexpected medical bills. Different insurance providers frequently have varying policies. Some may cover all treatment forms, while others will only pay for certain treatments. For example, your insurance may cover the costs of purchasing a back massagers (like the ones found on this site), but not physical therapy. Still some insurance providers may pay for all the treatment forms as recommended by the physician.

If ever your claims for chronic pain treatment have been denied, ask for clarifications. Many insurance denials are due to clerical errors or miscommunication between the insurance company and the doctor’s office. In most cases, claims are approved after making corrections or including supporting documents. Discuss with your doctor about filing an appeal for denied claims. You can also ask for recommendations. Be sure to have all supporting documents (such as receipts, medical records, laboratories, etc.) in file. These documents will be helpful in filing an appeal or if ever you need to dispute the incorrect billing.

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Does Insurance Cover Alternative Medicine?

Nov 01, 15 Does Insurance Cover Alternative Medicine?

About 1/3 of adults in the US alone use some form of alternative treatments. Therefore, the issue of insurance coverage for this form of medicine is rather pressing. In the vast majority of cases, people have to pay for these treatments out of their own pockets as insurance companies often seem to discriminate against alternative medicine. But is this really true?

According to the Affordable Care Act, health insurers are obliged to provide reimbursement for any necessary treatment. The loophole they use to avoid covering alternative medicine is that there isn’t the same stipulation for the required coverage. Therefore, insurance companies claim that some forms of treatment either aren’t a medical necessity or are experimental and therefore don’t guarantee a positive result. As such, they are exempt from the insurance coverage that only reimbursed the costs of “real” traditional medicine.

Can I Get My Insurance Company to Pay for Alternative Treatments?

As the popularity of alternative medicine is growing, you might have a chance to get your insurance provider cover the costs of some treatments. However, you need to understand your limitations in this matter.

First of all, you will need to prove that the treatment in question is a medical necessity. For example, you won’t be able to use it to pay for any form of weight loss tools and drugs, even if losing weight is a necessary stipulation in your doctor’s treatment plan. Should you decide to buy some supplementary tool, like a top waist trainer, you will have to pay for it on your own as using it is not a medical necessity, even if the product in question is effective and will help you obtain your medical objective.

If you want to save some money on buying a tool like this, you should study reviews posted on here. This way, you will find the most affordable quality product. Note that should you develop any health problems because of using a low-quality waist trimmer, your insurance won’t cover the treatment. In this situation, you will need to sue the manufacturer.

However, there are some forms of alternative medicine that your insurance carrier will have to cover. Even if they aren’t included in your policy, you may get reimbursement for:

  • Chiropractic
  • Acupuncture
  • Electronic stimulation
  • Biofeedback
  • Supplements

In order to get your insurance company pay for these treatments you will need:

  • Doctor prescription.
    A treatment is considered a medical necessity only if it’s prescribed by a licensed medical practitioner. Therefore, a prescription is a must have document you will need to present to the insurance company in order to prove that you really require this form of treatment.
  • Proof of efficiency.
    As alternative medicine methods are widely researched today, you should be able to find this kind of proof with relative ease. Look for publications in peer-reviewed medical literature that ascertain the efficiency of the form of medicine you are interested in.
  • Proof of quality.
    Note that alternative medicine providers don’t adhere to the same quality regulations as traditional medical services. Therefore, you will need to provide the insurance company with copies of certifications that prove the quality of the supplements or skills and knowledge of service providers (chiropractors, acupuncturists, etc.).
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Why A Private Medical Insurance Is Needed

A health insurance or private medical insurance is a supplementary cover in addition to what you are eligible for in the NHS. Some may have it as part of the employee benefits. If you do not have one, and can pay the insurance premiums, you can decide on availing it.

While health care is provided, free of cost by NHS, if you don’t wish to use NHS, it will be difficult to pay for private medical treatment particularly in case of serious illnesses. A private medical insurance is necessary in such situations.

Insurance cover

The cover provided in the private medical insurance is based on the type of policy you purchase. Basic policy covers the cost of treatments such as surgery in day care, inpatient surgery, and tests. Some of the basic policies also cover cost of consultant and specialist outpatient fees, and can pay a meager fixed amount for every night you stay in hospital (NHS hospital only)

Treatments not covered by the policy

If you have preexisting medical conditions, chronic conditions such as diabetes, hypertension, epilepsy, or HIV related illnesses, organ transplants, adventure sports injuries, war injuries, and cosmetic surgery the policy would not cover. Childbirth and pregnancy costs too are not covered. Taking proper care of health can reduce the treatment costs largely. For instance, control of blood sugar will prevent most of the complications that need costly treatments. Similarly back pain can lead to several costly treatment modalities, if you do not take the necessary measure to right your posture. Posture Braces help a great deal in correcting your posture and alleviating back pain and discomfort.

When private medical insurance is not needed

respect doctors - they make your life betterWhen you depend on NHS for all your health care needs, or have insurance through employee benefits, private medical insurance is not needed. Also in case you are not able to pay the premium because your finances restrict you to pay home and car insurance only, or you don’t have enough savings or have debts to take care of, a private medical insurance will add to your burden.

The insurance is also not necessary, if you are able to pay for the individual treatments, as this would be more cost effective than paying regular premiums.  If your child needs immediate and priority treatment on NHS too, you will not need private medical insurance. In general, the necessity for the insurance depends on the policy you want to purchase.

Advantages of medical insurance

A private medical insurance will help you get specialist opinion for specialized care. You can make the advanced tests and scans that may not be available under NHS cover. The insurance can be used to reduce the waiting time for the treatment, which is mostly a long one with NHS.  You can also choose the hospital and surgeon you want to consult with.

Getting a private room and specialist treatment and drugs is easier with the medical insurance taken privately. And in case you need physiotherapy sessions, quicker access is possible.

A private medical cover is of great value, when you are in need of expensive and specialist treatment. For sports enthusiasts, the type of specialist treatment needed is not accessible with NHS, so a private health care cover is necessary.

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Firearms Insurance Basics

Oct 04, 15 Firearms Insurance Basics

Guns are dangerous things, there is no doubt about that, but they are also expensive. Therefore, it’s stands to reason that people who invest in firearms for their own protection want to protect these tools as well. This is where gun insurance comes into play.

There are quite a few policies available today, so you will have plenty of options to choose from if you decide to seek this type of insurance. The first thing to focus on when looking for the best policy is the type of the firearms you want to cover. Some of these plans are very specific, so you will need to take the future into account if you want to have a chance to expand your firearms collection in the future. Otherwise, you may end up needing to start searching for a new policy all over again if you buy a type of gun not covered by the current one.

You also need to pay attention to what exactly the policy protects you from. A good firearms insurance plan should cover the following:

  • Fire
  • Damage
  • Direct physical loss
  • Theft

you dont joke with this dangerous kittyNote that the “damage” in this policy must be defined in great detail so that there will be no room for maneuvering that agents will be able to use should your gun get damaged. You also need to make sure that you understand the conditions considered “theft”, especially when it comes to theft from a vehicle.

In the vast majority of cases, “theft from a vehicle” is defined as breaking and entering into a locked vehicle or its locked portion. Take your time to check this term when it comes to theft from your residence.

Reduce the Risks

Insurance provides you with a kind of a security blanket, but you shouldn’t rely on it to solve all your problems. In many cases, there is a chance to prevent dangerous incidents that result in damage and loss of property. Installing a high-quality gun safe is a sure way to reduce these risks when it comes to your firearms. If you want to learn more about safes designed specifically for firearms, go here.

Remember that installing one of these safes does not only protect your expensive guns from burglars. This also helps protect your family from accidental injury. Simply hiding a gun actually increases this particular risk exponentially. An accident caused by such a blatant show of negligence and breaking of several important safety protocols definitely won’t be covered by your insurance policy. Therefore, it’s imperative to store your firearms in a place designed for this particular purpose.

If you are worried about not being able to use the gun for your protection because it’s locked in a safe, be sure to install this safe in a strategic location that you can access from any point of your house. You should also practice opening and closing it often. It would be best if you manage to learn how to do this not only fast but while blindfolded. This skill will come in handy if you ever need to use a gun during the night and there is no chance of turning on the lights.

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Travel Insurance and Food Poisoning

Oct 02, 15 Travel Insurance and Food Poisoning

It’s a nightmare to have your vacation ruined by something and simple as food poisoning, but this happens quite often. The worst thing in this situation is the fact that not only do you lose an opportunity to have some well-deserved rest, but you also lose a great deal of money.

As food poisoning is considered to be a “preventable incident”, quite a few insurance companies word their policies in a way that precludes you from claiming any financial compensation should you suffer from this particular ailment. Therefore, we advise to choose your travel insurance plan with extreme care and study the fine print. A good plan will provide you with a sense of stability that will help alleviate some of the bitter disappointment you will definitely feel if you actually get a food poisoning while abroad.

To get a better chance of claiming compensation from an insurance company in case of food poisoning, you need to understand some things about this condition. It’s true that it’s considered to be preventable, which is the argument that insurers use to refute your claims. One must admit that in many cases, this is actually true, especially when you are at home. Your standard health insurance plan may not cover this particular issue simply because the vast majority of food poisoning cases are caused by poor hygiene and incorrect food storage. In this case, you really can be held responsible for suffering this problem as packing and storing your food properly could prevent the incident.

The tools available nowadays can reduce the risk of food poisoning so much that it really takes very poor judgment and low hygiene standards to incur it. The creation of vacuum sealers should make this problem almost obsolete as this food packaging tool allows you to keep products fresh for a very long time. If you still don’t have this device at home, be sure to check out to learn more about these machines.

However, this level of control over your food is available to you only when you are at home, in your own kitchen, and when you are sure in the origin and quality of products used during the process of cooking. You will not have these benefits when traveling abroad, especially if you are going to visit some developing country.

These countries are renowned for their low standards of hygiene and poor quality of produce. Therefore, developing a food poisoning while on a trip is a serious risk. Although it’s possible to reduce this risk by avoiding food from street stalls and drinking only bottled water, the risk of poisoning is always there, and your travel insurance plan must cover the medical expenses associated with treating it. Make sure that there is a clause in the insurance plan that covers this particular issue.

To get a reimbursement of you medical expenses caused by this problem, you will need to get it documented. This means you have to not only save the receipts for medications but actually enroll into a hospital to get a proof that you were indeed sick and the cause of your condition was food poisoning. Don’t forget to ask the doctor for a prescription. Even if it isn’t necessary to buy the medication in some countries, you will need to file it with your compensation claim.

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