https://personalfinancearticle.net/how-to-calculate-and-plan-for-your-medical-expenses-monthly-cost/
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However, it is far from the truth. With out-of-pocket prices on the rise and the ever-present potential that an unexpected medical bill would dent your budget and health-related expenses should be a top budgeting focus.
Consider the followinginformation: Bureau of Labor Statistics estimates that medical expenses make up about 7% of the income after taxes and greater than 8percent of the household’s annual expenditures. While insurance companies might assist with specific expenses and expenses, they must be included into your budget to cover health insurance.
Four ways you are able to pay medical bills
Premium: This is the monthly medical expense cost that the insurance company pays you. It’s the biggest and most predictable expense that you’ll face. It is dependent on the type of health policy you choose. Divide your premium by 12 to figure out the cost of your health insurance for the year.
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