Crowdfunding Healthcare and Don’t Forget December 15th!

Crowdfunding Healthcare and Don’t Forget December 15th!

Even those lucky enough to have insurance aren’t immune to paying for some of the costs of medical care such as deductibles. In fact, 51% of workers have a medical plan that requires them to pay up to $1,000 out of pocket for healthcare until their insurance kicks in to cover the rest. And those prescription drugs? Their prices are rising as well.  Although it’s sad to think we live in a country where medical expenses can bankrupt us (they are the leading cause of bankruptcy in the U.S.), crowdfunding can be at least one option to cover your healthcare needs.

Crowdfunding sites such as Generosity, Gofundme and YouCaring are quite often used to raise money for medical expenses big and small – in fact almost half of the money raised on both GoFundMe and YouCaring is going toward medical expenses (medical campaigns accounted for $930 million of the $2 billion raised on GoFundMe and almost half of the $800 million raised on YouCaring). Typical campaigns cover things such as surgeries, recurring treatments, diagnostic tests and there are an increasing number of crowdfunding campaigns for simply raising money to cover the costs of medical insurance.

So if you need a little help when you or your loved ones get sick, know that these funding platforms are available to relieve your burden.”

For those who do not have any insurance or who have Obamacare and need to renew, we also wanted to remind you that Open Enrollment is almost here! Open Enrollment for 2018 Marketplace health insurance begins November 1st and sign up closes a lot earlier this year ending December 15th. Remember to see if your income is in the range that allows you to save money before you apply – the site has an easy way to see if you qualify for savings.

Even if you don’t need to buy insurance on the healthcare marketplace because you get your medical insurance through work, remember that the fall is when most open enrollment begins for these work-sponsored health insurance programs. Don’t miss your chance to reevaluate your coverage for next year!

Last but not least…if you like crowdfunding and healthcare and you have a few extra bucks to spare, you might want to throw a dollar or two behind campaigns working towards advancements in medical science. You can check out these efforts to suppress cancer cell growth, prevent cataracts, to better understand the immune system and more!

Wishing you continued good health from Worthy!