Under The Affordable Care Act(Obamacare), insurers are not allowed to deny coverage based on pre-existing medical conditions. The New York Times reminds us what the outlook was for people with pre-existing conditions prior to the passage of the act. Take for example, this woman, diagnosed with minor gastritis: “I thought I was being smart in going to the doctor and getting checked out,†Ms. Fitzgerald, 55, who currently lives in Washington, D.C., said recently. “Then I tried to go get insurance and everyone denied me.†Or this man, with asthma: Dennis Carr, for example, worked as an independent real More…
6 Student Loan Repayment Traps Lenders Don’t Want You To Know About January 25, 2017
In its final days in office, the Obama administration sued Navient, one of the nation’s largest student loan servicers(and formally part of Sallie Mae), for misleading borrowers and engaging in fraudulent practices. In light of the allegations, the New York Times gave six tips for avoiding loan repayment traps. KNOW YOUR LOANS:Â How much do you owe, and to whom? INCOME-DRIVEN PAYMENTS: Match your payments to your income. STAY ENROLLED:Â Income-driven plans require annual documentation. Keep up with it. NO FORBEARANCE (IF POSSIBLE): Forbearance is a bad choice as interest continues to accrue. See what other options are available to you. DROPPING More…