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Everything You Need to Know About Health Savings Accounts

Credit Corp

To help offset the costs and help Americans avoid crippling medical debt , the federal government offers tax relief for those with high-deductible plans if they choose to open a Health Savings Account to set aside funds to pay for medical costs. Once you reach age 65, you may withdraw funds without penalty to pay for anything.

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A Reference Guide of the Employee Number Thresholds Triggering the Applicability of Popular Federal Employment Regulations

Jimerson Firm

or (B) is a hospital, business providing medical or nursing care for residents, school, preschool, or government agency; or The employee’s work regularly involves the employee in commerce between states (“interstate commerce”). Employee Number Threshold: The ADEA applies to businesses with 20 or more employees.

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Medical Debt Collection Harms Patient Finances

Collection Industry News

Mary’s Hospital in Madison for serious side effects of a medication in November 2019, he said he was told the services would be covered even though he didn’t have health insurance after recently losing a job. SSM Health paused medical debt legal actions in the spring of 2020, spokesperson Lisa Adams said. Source: site. Bobby Peterson.

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Senators Call For Consumer Protections Against ‘Involuntary’ Medical Debt

Collection Industry News

A group of Democratic senators are calling on the Consumer Financial Protection Bureau (CFPB) to address the nation’s ever-growing medical debt. A survey from LendingTree found that a majority of Americans (60%) have been in medical debt with costs averaging between $5,000 to $9,999. Source: site. Murphy told Yahoo Finance.