Financial Planning for Unexpected Health Crises
A serious health crisis can have major financial impacts. Here's how to prepare.
A serious health crisis can devastate your finances if you're not prepared.
Build an Emergency Fund
Save 3-6 months of expenses for emergencies, including medical ones.
Understand Your Insurance
Know what your health insurance covers and what you'll pay out of pocket.
Disability Insurance
Short-term or long-term disability insurance replaces income if you can't work.
Life Insurance
Life insurance provides financial security for your family if you die.
Medical Debt
Understand your options if you accumulate medical debt.
Financial Power of Attorney
Designate someone to manage finances if you become incapacitated.
Protect Your Assets
Some assets may be protected from medical debt. Consult a financial advisor.
Plan Ahead
The time to plan is before a crisis, not during one.
Use the End of Life Playbook to plan for financial security.