Podcast: Listen below or Download (42 min, 41mb)
In the previous episode, Candice McGarvey shared how to cope emotionally with financial fallout from a chronic illness. This week she returns to share tips on the practical and logistical steps to take to begin digging yourself out of the hole.
Candice’s son was diagnosed as a baby with an autoimmune disorder, creating a financial crisis in her family. Living the marathon of chronic illness since then, Candice has learned the ins and outs of medical billing and what to do to get back on your financial feet. Understanding the system, making calls to providers, and creating a plan to make payments can help minimize the damage. You also help yourself by becoming an educated consumer of healthcare.
What Candice and I talk about
- What to do when you have a pile of medical bills that you can’t pay
- How to avoid your credit score being pummeled
- Why negotiation on medical bills is possible and how to go about it
- What an HSA is and how one might be helpful
- What it means to become an educated consumer when it comes to healthcare
- Why it’s important to get itemized bills and look them over carefully
- Learning about health insurance options through the Affordable Care Act (and why resist the impulse to throw your computer in the toilet while researching)
- Tapping into your creativity and the support of community to find healing resources
“Your worth is not just in the monetized income that comes in the door. Your worth in this world is bigger than that. So whatever that takes—if it’s a side job, or actively going out and offering some gift of yours to somebody. I think it helps us see our place in the larger picture when we’re contributing somehow.”
“Just having a plan for how you’re going to pay this stuff back puts you in the top 10% of people who owe the medical people money.”
Candice McGarvey is the Chief Story Changer of Her Dollars Financial Coaching. By working with women to increase their financial wellness, Candice brings clients through a variety life transitions. Her sessions feel more like a coffee date than a meeting, and her passion is improving her clients’ financial peace. Her son was diagnosed with an autoimmune disorder as a baby, and her experiences as his caretaker have greatly impacted her outlook on money issues. She has worked in the financial industry for more than 20 years and has passed the board exams and continuing education requirements to become a Certified Financial Planner.
Candice’s Gift for the AI Adventures Club
A list of resources for the Autoimmune Adventures community, plus an outline of the tips shared both on this episode and the previous one on coping emotionally with financial fallout.
If you would like to receive this gift, sign up for the free AI Adventures Club by entering your email address on the form on the top right of the page, or by clicking here!
Health Savings Plan Information: hsaresources.com
Affordable Care Act Plan Information: healthcare.gov/find-premium-estimates
More Insurance Information: daveramsey.com
Here’s the page to find one of Dave Ramsey’s Endorsed Local Providers (A local health insurance agent who can help you find the right policy for your needs): https://www.daveramsey.com/elp/health-insurance/
Financial information of all sorts (including health insurance, medical billing, saving money on health costs, etc): nerdwallet.com
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