Articles Posted in financial wellness

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The Right Person Must Have the Authority

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Having a medical power of attorney document makes sense. If a medical calamity happens and you are comatose, then someone can make the decisions you want pertaining to your care. However, this document is not something that ought to be composed on a website template. Whoever has the medical power of attorney needs to have certain qualities. A group legal plan which allows conferences with an attorney can make the medical powers of attorney document more competent.

What Is Needed

Selecting who will have medical powers of attorney is crucial. It can be a good friend or relative, but it takes more than that. The individual is going to be making some very firm decisions that affect your medical condition. Certain traits are necessary including:

  • Complete Understanding. Individual selected must know precisely what you want to have done in the event of a calamity. This may include end of life care and the person must know what type of treatment you want.
  • The Ability to be Objective. Major medical emergencies can be extremely emotional for everybody. There is a lot of anxiety and worry. Nevertheless, the one who has medical powers of attorney must be clearheaded. He or she must make sure your wishes are followed, regardless of any opinion about a given procedure.
  • Courage in the face of the crisis. The expertise of physician or professional healthcare provider can be intimidating. A person may give in and follow their directives, even if what the medical professional wants is contrary to your wishes. Whoever has the medical powers of attorney cannot be intimidated by what a physician recommends. This person must be willing to ask very pointed questions and any procedures followed must be in line with what you have specified. It must be made clear to any physician.

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College Debt is Manageable

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Spring break is in full force, and many college seniors are getting the resumes together for work in the real world. Generation Z, those who are just entering the job market fresh from college, are going to start becoming a part of the workforce in greater numbers. They’re facing major college debt hassles. It is not easy for them to do it alone.

College Debt Can Be Frightening

The challenge is that the amount can be comparable to the cost of a house. It is something these young people have little understanding about. Many know about the grace period, but that is about it. What they need is excellent advice that comes from a financial wellness program. Being able to talk to experts can make things easier. Countrywide Pre-Paid Legal Services offers the kind of support these new employees need.

We have a nationwide network of certified counselors who could help a person deal with his or her college debt. Our professionals have the expertise necessary to show how a debt hassle is easily managed. Everything starts with a budget analysis that indicates where income and expenses are. On that information, the counselor then begins to help with the financial wellness plan member develop a means of resolving any difficulty. The Countrywide counselor will take a careful look at all the outstanding loans a plan member may have. This financial professional will then check to see with the payment options are. Depending on the loan source, there may be opportunities for easier payments. Continue reading

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It Can Be Managed

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It can feel like a tidal wave hitting every month when the bills come in. If a person tries to stay current and sometimes forgets to pay one of the bills, it can cause penalties and harm credit ratings. Not everybody has major problems, but some people do. Countrywide Pre-Paid Legal Services has a Debt Management Plan to help those in chronic trouble.

It Starts with Information Gathering

Countrywide begins the Debt Management Plan with the budget analysis. We have a nationwide network of certified financial counselors who are ready to help. These people will sit down with a financial wellness plan member and go over the figures. They will see where the money is coming in, where is going out, and what reductions are necessary. They can suggest a way of moving the money from one obligation to another. The information also drives further efforts. Continue reading

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Good Advice is Essential

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Millennials are becoming a dominant force in the working world. These people have incredible talent and desire to succeed. They’re the kind of workers every organization would love to have, and they are faced with severe financial wellness challenges. Youth and enthusiasm are being confronted by debt. These young people are coming into the working world with burdens, not faced by earlier generations. These include:

  1. College Loan Obligations. Many have college loan debts that are in the five and even six figures. After the six-month grace period is finished, the bills for payment come into their mailbox. The size of some of these bills can force Millennials to make drastic changes in their decisions for the future, including whether to buy a house or have children.
  2. Credit Card Debt. Recent college graduates are targets for many credit card companies. These financial institutions offer incredible interest discounts to get younger workers signed up. Millennials will run up credit card debt in a short period. Forgetting to pay even one bill can result in trouble.

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The Help Makes the Bureaucrats Respond

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Right now, is a very stressful time of year for many people. The Internal Revenue Service is expecting paperwork, but it is not the only public agency. As we draw closer to the end of the First Quarter, there will be a need for reports and applications to be filed with the right public office. It can include applications for Medicare, Social Security, assistance for disabled children, and other services. Public employees are committed to helping, but they must have the proper paperwork. A group legal plan that permits assistance with government agencies is a fantastic benefit.

Which is the Right Cubicle?

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It Can Be Manageddebt-on-top-of-man-300x279

March comes in like a lion and out like a lamb. You could almost say the same thing for credit card bills, but many times they only come in like a lion. Whether they go out gently depends on the balances a person already has. It could be a problem for financial wellness. The card companies are very firm about the due dates on balances. The individual must provide the minimum by a specified date at least or face penalties. These can impact on a person’s credit rating, and anyone looking for a car or house might suffer. Credit card debt can get out of hand if there are several cards whose payments are due within a day or so of each other. The cardholder can think all the bills are paid when only one has been. A sense of order must be created. Countrywide Pre-Paid Legal Services is here to bring sanity to financial difficulty.

Counselors are There to Help

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It is Worth Any Fee

 

People try to maintain control over their expenses. They know how important it is to financial wellness to stay current with all credit card debt and other obligations. Regrettably, this does not always happen. It is more than just the credit cards but also the mortgage, house loan, and perhaps college debt.

A massive flow of paper comes into the house from all directions, and each requires a separate payment. It quickly happens that things get out of control. Countrywide Pre-Paid Legal Services knows of these problems. We have a way of getting out of the swamp. Continue reading

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Medical Bills Can Be Handled

Deductibles and co-stockfresh_1097132_medical-chart_sizeS-300x300payments are not a problem to a healthy person. There is no great need to be concerned because health insurance is rarely used. However, accidents can happen and they do not always result in minor injuries. There are several circumstances where medical debt can pose a danger to financial wellness.

It Can Add to the Overall Load

It is reasonable for health insurance companies to ask the insured to cover some of the cost. These are in the form of co-pays and deductibles. Unfortunately, deductibles have increased to $5000 or more. Not everybody has to deal with a cancer operation, but a broken shoulder can result in a cost of well over $25,000 for the surgery. The deductible must be met before full insurance takes over. If for some reason treatment relating to the operation goes beyond the calendar year, then the deductible has to be met once again in the new year. Continue reading

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Millennials Need Helphand-world-300x300

 

The financial wellness of recent graduates is now a national concern. Young people are saddled with debt in the five and six figures. The college debt crisis not a good situation but the problem is going to be addressed, now the election is over. There will be a lot of possibilities discussed in 2017.

A Number of Possibilities

Income-driven repayment is one possibility, and there is talk of capping repayment at around 12.5% of a graduate’s discretionary income. The possibility of forgiveness happening in 15 years, instead of 20 is also being considered. Colleges are going to be asked to help and loan default will impact the ability for these schools to participate in individual government programs. Continue reading

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Debt Can Be Successfully Managedempty-wallet-300x200

Financial debt puts a heavy cross on a person’s shoulders. The mental and emotional distress of massive bills will occupy a person’s mind during the working hours. This could be a problem for management. Deadlines are tight, and people need to focus on the important issues. Decision-makers know that they need to remove any obstacles in the way of productivity.  A financial wellness program will provide great assistance. Countrywide Pre-Paid Legal Services is here to help management.

Countrywide operates a nationwide network of certified counselors who deal with personal budget problems. These people will work with a financial wellness plan member to straighten up a mess. Budget analysis is the first thing that is conducted; then the counselor works with the plan member to develop a sound strategy of financial responsibility. Continue reading