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Health Insurance Premiums Jump 7%, Intensifying Financial Strain On Workers

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According to the latest KFF annual survey , employer health insurance premiums rose by 7% for the second consecutive year, marking a growth rate not seen in over a decade. Looking ahead, health insurance costs are expected to rise again in 2025, driven by multiyear contracts that lock in prices for health services.

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Our Guide to Health Insurance for the Self-Employed

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If you’ve recently decided to pivot to full-on self-employment , you might have one question: What am I going to do about health care? A 2021 Gallup poll found that 1 in 6 Americans stay in jobs they don’t find fulfilling just to keep their health insurance. Health care brokers don’t charge you.

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How to Create a Budget: 6 Steps to Get You on the Path to Financial Security

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According to a Gallup survey , only one in three Americans prepares a detailed household budget. And if you’re not a recent grad but someone who just wants to get those dollar signs situated, a budget’s a budget—it doesn’t discriminate, and everyone should have one. That’s a big red flag—you need a budget.

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Good to Great: 6 Tips for the Journey from Health to Strength

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According to the World Health Organization , “People who are insufficiently active have a 20% to 30% increased risk of death compared to people who are sufficiently active.” In fact, health care costs in general have been rising sharply for many years, as they continue to consume a larger share of our budgets. Choose strength.

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Debt Management Plans: A Roadmap To Financial Freedom

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Generally, DMPs only involve unsecured debt such as credit cards, personal loans and medical bills. This can free up your budget for other expenses not covered under a DMP, such as mortgage payments or secured loans. Some offer free workshops and courses on topics like improving credit scores and budgeting basics.

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Financial Literacy For Beginners: Steps To Financial Success

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Avoiding Debt: Including safeguards like an emergency fund—something financial literacy encourages—can prevent you from falling into debt when unplanned costs like medical emergencies, car breakdowns and home maintenance repairs arise. For these reasons, budgeting is the cornerstone of financial stability.

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The 8 Biggest Financial Mistakes to Avoid in Your 60s

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In the process, many miss out on travel, hobbies or experiences they wish to pursue because their health declines too much, Rassam says. Financial planning aims to determine “the number” people need to cover their long-term expenses, health care and goals. And that’s a really scary experience.”