By Glenn Mollette
The new medical insurance premium for my wife and I will be just a few dollars shy of $2,000 per month for 2017. This amounts to $24,000 for the year. Should either of us have a serious illness or medical procedure, our out-of-pocket expenses will be $11,000. Therefore, we could potentially be out $35,000 in medical expenses in one year. I hope we aren’t, but the potential is always there. Of course, that would be better than a $100,000 medical expense or being shoved into bankruptcy because of medical bills. It is easy to rack up several hundred thousand dollars in medical expenses.
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