How to Budget for Medical Expenses: A Complete Guide to Healthcare Budgeting
Use the envelope method to build a healthcare budget that covers insurance, copays, prescriptions, and unexpected medical bills.
Healthcare costs arrive unevenly: a deductible in January, a filling in May, new glasses in the fall. The fix is the same for each one. Estimate the yearly total, divide by twelve, and fund an envelope every month so the money is waiting when the bill comes.
New to the method? Read how envelope budgeting works and our guide to sinking funds.
Use the envelope method to build a healthcare budget that covers insurance, copays, prescriptions, and unexpected medical bills.
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