Your State Can Help With Balky Insurers

Many families with medical insurance are shocked when an illness or accident strikes and their insurer leaves them with tens of thousands of dollars in unpaid bills.

In most cases that’s because they’re underinsured. Their policies have such strict limits on how much the insurer will pay, that they’re left holding the bag for most of the cost.

It’s a major reason why 62% of all bankruptcies are caused by medical bills even though three out of every four of those being pushed into bankruptcy by health care costs have some type of health insurance.

But insurers also reject 10% to 15% of what appears to be legitimate claims. That’s where your state insurance commission comes in. MORE

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“Thrive” Might Help You Do Just That

A growing number of Web sites allow you to enter all sorts of financial information and get back all sorts of advice about how to save and spend your money.

Could “Thrive” be the best of the bunch?

It requires you to do surprisingly little work because the program automatically downloads most of the relevant data from your bank, credit card, mortgage and investment accounts.

The site uses that to figure out where your money goes now, and where it ought to go in the future, providing suggestions on how to trim expenses, pay off your credit cards and get your investments rolling.

The guidance seems pretty smart. And it’s free. MORE

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