After a major life event like bypass surgery, it’s understandable that you’d be in a hurry to buy life insurance as soon as possible. This is often a mistake. Life insurance companies will see your past surgery and this could prevent you from receiving a policy.
To qualify for insurance after a bypass, you need to plan right and fill out a good application. To get you ready, here is a review of the insurance guidelines for after bypass surgery as well as some tips to help you with your application.
When you’re shopping for life insurance protection, there are dozens of different factors that you’ll need to consider. It can be confusing and difficult , especially if you’ve had a bypass surgery in the past.
Life Insurance Underwriting after Bypass Surgery
You’ll need to answer several questions about your bypass surgery for your application. You’ll need to answer:
What did you have your bypass surgery?
Why did you need to have bypass surgery? Was it an elective or emergency procedure?
Have you ever had any other types of heart surgeries like a heart valve replacement?
Were there any complications after the surgery like internal bleeding, cardiac tamponade, or a stroke?
Do you have any other high-risk factors for heart disease like smoking, high cholesterol, or high blood pressure?
Do you have a history of heart disease?
What medications are you taking because of the bypass surgery?
Common medications for after a stroke include: Clopidogrel, Beta blockers, Nitrates, ACE inhibitors, and Lipids. None of these medications is going to cause you to be declined.
For life insurance underwriting, more information is better. If an underwriter felt your application was incomplete, especially after something major like bypass surgery, there’s a good chance you’d get a poor rating or a denial.
Ads by Money. We may be compensated if you click this ad.Ad
Life Insurance Quotes after Bypass Surgery
If you’ve had bypass surgery, it’s very important to delay your life insurance application for some time after your surgery. This is because life insurance companies typically deny applicants that just had bypass surgery; there are too many complications that can come up. It’s best to wait at least 6 months to a year before applying.
When you apply, insurance companies will review the details of your bypass surgery and your health. Your rating would depend on how well the surgery went as well as whether you are taking steps to avoid future heart problems. While each insurance company uses different standards, let’s give you some basic ideas on your classification:
Preferred Plus: It’s not possible to get a preferred plus rating after bypass surgery, even if you are healthy and the procedure went well. There is just too high a chance of future heart problems for insurance companies to be willing to give the best rating.
Preferred: Also usually impossible. In very rare cases, someone that had an elective bypass and was otherwise in perfect health might qualify for a preferred rating, but this is not something you should expect.
Standard: The best rating for applicants after a bypass surgery. Applicants need to have waited a year after the surgery and be in perfect health otherwise. The bypass surgery also must have been a minor procedure, like elective surgery to get around a blockage early.
Table Rating (substandard): A table rating is the most likely rating. Applicants should have waited at least 6 months after their surgery to qualify. Rating will depend on the severity of the surgery, whether there were any complications, whether the applicant had other procedures like a heart valve replacement, and basic health info.
Declines: Applicants that apply within 6 months of their bypass surgery. Also, applicants that aren’t regularly seeing their doctor, have a history of serious heart problems, and/or have heart risk factors like smoking or high cholesterol could also be denied.
Bypass Surgery Case Studies
If you’ve had bypass surgery, it’s very important that you plan your application right. To help you understand, here are some examples of clients we’ve worked with in the past.
Case Study #1: Female, 63 y/o, non-smoker, had bypass surgery for a small blockage at 61, tried applying right away and was denied, otherwise in good health.
This client has a small valve blockage a few years ago that she decided to have removed through elective bypass surgery. Immediately after the procedure, she tried to buy more life insurance. Since she didn’t give anytime between her procedure and her application, the insurance company denied her application. At this point, the client thought she couldn’t get coverage. After contacting us, we recommended she try again. Since she had waited the appropriate amount of time, she qualified for a standard policy this time around.
Case Study #2: Male, 57 y/o, needed bypass surgery at 54, former smoker, recently lost weight and reduced cholesterol levels, taking lipids for cholesterol.
This applicant had an unhealthy lifestyle. He smoked, had a poor diet, and didn’t exercise. This lifestyle eventually forced him to have bypass surgery. After the surgery, this client started living a much healthier life. He also started taking lipids for his cholesterol, as this was a big part of why he had heart problems.
Despite these improvements, this applicant still had trouble getting life insurance. After looking at his situation, we suggest he ask his doctor for a letter which showed his improved health. After he did this, he tried again and got a Table Level 2 plan.
As you can see from the examples, there are dozens of different factors they consider. There are no two applications that are the same, and every company is going to see you differently. Some insurance companies are going to view a history with a bypass survey more favorably than other companies are going to. Finding the right company could be the difference in getting approved for affordable coverage or getting a plan that’s going to break your bank every month.
Getting Affordable Life Insurance Coverage After Bypass Surgery
As an applicant with a bypass surgery in the past, you’re going to be facing higher premiums. Just because of your surgery doesn’t mean you have to spend thousands and thousands on your coverage. Here are a few ways you can save money on your plan.
Using tobacco is hands-down one of the worst things that you can do for your life insurance premiums. Those cigarettes make your rates go up twice as much.
Because you already have a red flag on your application, you need to improve everything else. To do this, you need to commit to living a healthier lifestyle. This means being more active.
Comparing different policies is always going to be the best way to save money. As we mentioned, each carrier is going to use different standards. Some companies will offer you cheaper coverage. You need to find those companies.
Bottom Line
Getting life insurance after bypass surgery is a challenge, but it’s a challenge many people can overcome. Take the time to research each company and figure out who has the most affordable plans for people with bypass surgery.
If you have Chronic Obstructive Pulmonary Disease, it’s going to be a problem for buying life insurance.
Don’t get discouraged though because many people with COPD are still able to get coverage.
If you’ve ever been told that you can’t get life insurance because of your COPD, don’t believe it. There are several ways that you can get affordable life insurance coverage.
Life insurance is one of the best safety nets that you can ever buy for your loved ones. It’s one of the only ways that you can ensure that you and your family have the money that they need. If you have a serious pre-existing condition, like COPD, then it can be difficult to get an affordable life insurance plan, but it’s not impossible.
Life Insurance Underwriting for COPD
To help you be prepared, let’s look at some of the questions you’re going to face:
When were you diagnosed with COPD?
Did you ever have to go to the hospital for your COPD? If so, what treatment did you receive?
Do you have any other lung issues like asthma or bronchitis?
Have you had any recent diagnostic tests like a chest X-ray or Pulmonary Function Test (PFT) to check the condition of your lungs?
Do you smoke now? Did you smoke in the past?
What medications are you taking for your disease?
Common medications for COPD include: Bronchodilators, inhaled and oral steroids, Theophylline, and antibiotics.
Include as much info as possible on your application. If life insurance underwriters feel like your application is missing information or doesn’t clearly explain your condition, there’s a good chance your policy will be rejected or receive a bad rating.
Life Insurance Quotes with COPD
When you have COPD, life insurance companies will want to know the severity of your condition. Typically, they do this by giving you a PFT to test your FEV1% (Forced Expiratory Volume per second). A healthy person has a FEV1% between 80 and 120% whereas someone with COPD is below 80%. The further below 80% you are, the more severe your COPD is.
Aside from your COPD diagnosis, the company is going to ask you a lot of general questions. After they’ve gotten all the info, they are going to put you in a rate class depending on how much risk you are.
Preferred Plus: Impossible for someone with COPD. The health impact of this disease plus its risk of future lung problems is just too great.
Preferred: Also generally impossible for someone with COPD. This disease is just too serious, especially since it’s a chronic condition.
Standard: Best possible rating for someone with mild COPD, so an FEV1% very close to 80%. This is someone that only has a mild, chronic cough and only has minor shortages of breath after exercise. The applicant should also not be smoking and have no other health issues.
Table Rating (substandard): Most applicants with COPD. Your table rating depends on the severity of COPD, whether you have any other lung complications, how often you need to use inhalers and other treatments for your COPD, and if you have other pre-existing conditions.
Declines: Applicants with extremely severe COPD, usually a FEV1% below 40%. In addition, applicants that continue to smoke could also be rejected as this increases the chance of more problems. Lastly, applicants with other serious health problems like heart disease on top of their COPD.
Ads by Money. We may be compensated if you click this ad.Ad
COPD Insurance Case Studies
If you’ve been diagnosed with COPD, your odds of a fair life insurance rate go up significantly by doing some prep work. To show you, here are some stories over previous clients we’ve worked with who had COPD.
Case Study: Male, 57 y/o, diagnosed with COPD at 54, former smoker but quit after diagnosis, using an inhaler occasionally
This applicant used to be a fairly heavy smoker and this caused his COPD. After his diagnosis, and was rejected because tobacco still showed up in his blood stream. The applicant decided to quit smoking immediately after
We recommended this applicant take another PFT to see whether quitting smoking made an impact. His COPD appeared less severe than when he first appeared so we recommended he reapply with his new PFT results. Since it had been several years since he last smoked, the applicant did not test positive for smoking this time around. As a result, he received substandard level-2 policy. This was more expensive than a regular policy but not a bad rating for someone with COPD.
Case Study #2: Female, 50 y/o, former smoker, diagnosed with COPD at 47, very mild case, applicant otherwise in perfect health
Besides smoking, this applicant was in perfect health. However, her smoking led to a mild case of COPD which scared her into quitting right away. When she applied for insurance, she would only qualify for rated policies. We thought she could do better.
We suggested she go to her doctor for a full checkup and to ask for a letter vouching for her good health. She asked that the doctor also mention that her smoking had not caused any other health problems and she looked in good shape now that she quit. After this, she got a standard rating.
Getting Better Life Insurance Rates with COPD
As we mentioned, with COPD, you’re going to pay more for your insurance coverage. You already have a red flag on your application, which means you should polish up the rest of your application.
As a person with COPD, you should always avoid smoking, but if you use chewing tobacco or any other form of tobacco, you’re going to face much higher insurance rates. You have to cut the tobacco if you want affordable protection, it’s as simple as that.
Aside from quitting smoking or chewing tobacco, the best way you can save money is to compare companies. Some companies are going to crack down on your COPD diagnosis, while others are will give you favorable rates. Find the one who gives you the lowest rates.
There are hundreds of life insurance companies on the market that you can choose from. Some of them are going to be more favorable towards your COPD diagnosis than other companies are going to be. Our agents have worked with countless applicants with COPD and we know the ones who give the best plans.
Getting life insurance with COPD can get challenging, but it’s very doable. For the best chance of success, it helps to work with someone that understands this market.
Save more, spend smarter, and make your money go further
If you want to buy term life insurance, you’ve got a few options. You could work with an agent in your area if you’d prefer a face-to-face interaction, or you can buy online if you prefer the convenience of an electronic process.
However, not all online life insurance agencies are created equal. If you’re shopping around for term life quotes, it’s important to understand what to look for to help you get the best value.
What to expect when you’re applying for coverage
Anyone who has gone through a life insurance application in the past could tell you that life insurance carriers are some of the most thorough and careful companies in the world. This is because life insurance policies are priced based on the applicant’s risk of death.
However, the process of applying has come a long way, and it’s actually gotten pretty simple – especially online. Nowadays, most of the heavy lifting is done behind the scenes.
If you add a good agency into the mix, applying for life insurance is practically painless, since it will handle almost everything that doesn’t require your signature or further clarification from you.
Generally, buying a life insurance policy will take between two and six weeks, and the process tends to follow a consistent format.
Step 1: Submit an application
When you find a price you like, you can choose a carrier to submit a formal application with. Choosing a carrier to apply with isn’t a binding decision, and you’re always free to back out of an application to go a different direction.
Step 2: Take a medical exam
Life insurance carriers will require you to take a medical exam see how healthy you are. This is free for you and the examiner will even come to your home or office to make things convenient.
Step 3: Wait for your medical records
The carrier will order a copy of your medical records from your doctor, which could take anywhere between hours and weeks, depending on how well-organized your doctor keeps their records.
Step 4: Tie up loose ends
After the exam is completed, medical records have been received, and any other questions the carrier needs answered are out of the way, your application will be reviewed. Once you get the final OK from the carrier, your policy will be approved, and you’ll be on your way to getting coverage!
Let’s look at each of these steps in a little more detail.
Submitting your application
Starting your life insurance journey will often begin with getting a quote, which will show you prospective prices based on a few key factors, like the amount of coverage you’d need, how long you want it to last, and a few health and lifestyle questions.
Interested? Check out a few prices. Quotacy has an online quoting tool you can use – no commitment required.
Taking the medical exam
After applying for coverage, the life insurance carrier will require you to take a quick medical exam in order to be approved for coverage. Because life insurance pricing is based on your mortality risk, the carrier needs to verify your current medical situation.
The medical exam is a free mini-physical performed by an examiner and scheduled by the carrier. It can happen anywhere, even in your home or office, whenever you can spare half an hour.
Typical exams consist of:
A few questions about your medical history
A list of any medications you’re taking
Height and weight measurements
Pulse and blood pressure check
A urine sample
A blood sample
Preparing for your exam
The measurements that are taken during the exam are extremely important, and being prepared is your best bet to ensure a good outcome. In the time before your exam, you should remember to:
Fast for 6-8 hours – this will reduce your blood sugar. Scheduling your exam in the morning can make this easy if you skip breakfast.
Don’t smoke for at least one hour prior – smoking temporarily raises your blood pressure.
Don’t drink coffee for at least one hour prior – caffeine can increase your blood pressure and raise your pulse.
Avoid alcohol for 8 hours prior – it’s high in calories, and can raise your blood sugar and blood pressure.
Avoid overly salty and sugary foods for one day beforehand – both salt and sugar raise your blood pressure.
Drink lots of water – this hydrates you to help make the blood draw a lot easier and less painful.
No strenuous exercise the night before or the day of your exam – as your body repairs from exercise, your blood pressure and pulse rise slightly.
No sexual activity for one day beforehand (for men, at least) – gettin’ freaky lowers the PSA levels in your blood, which is one of the ways that carriers evaluate your prostate health.
Get a good night’s sleep – being well-rested lowers blood pressure. As an added bonus, if you’re afraid of needles, having a full eight hours can help your body negate the physical effects of your phobia.
Waiting for your medical records
Before your life insurance application is approved, insurance carriers order copies of your medical and driving records to help them get a better idea of any insurability risks you might have. Just like with the medical exam, the carrier orders these records behind the scenes on their own dime.
Because the laws protecting a patient’s medical records are extremely strict, you will need to sign a form authorizing your doctor to release your records to the insurance company and agency you’re working with.
At this point, all you’ll need to do is sit and wait for the records to arrive. Depending on how efficient your doctor is at sending them along, waiting for this step to be completed can either happen overnight or take a few weeks.
Answeringadditional questions
In addition to everything else that happens during your application, the carrier will sometimes have follow-up questions for you which will help them get to know you a bit better. These questions can be about anything from medical conditions to your hobbies to your travel plans.
A lot of the time, the questions a carrier asks can be pretty scary to someone trying to protect their family. Many clients see a questionnaire about their sleep apnea, or their diabetes, or their battle with cancer, and assume that the carrier will decline them on the spot.
It’s important to keep in mind that even though there are many factors that can affect your rate during this time, you’ll likely be able to get coverage. The whole reason that insurance carriers have flexible prices is because they want to offer coverage to as many people as possible, regardless of the circumstances.
Here’s a quick list of example questions you could see during an application, depending on your circumstances.
If you have a medical condition:
How severe is it?
How is it being treated?
Is the treatment effective?
If you have a risky hobby, like hang gliding or rock climbing:
What level of experience or certification do you have?
How often do you participate in your hobby?
How much time have you dedicated to your hobby?
This isn’t a comprehensive list, by any means, but hopefully it will give you an idea of what the carrier is looking for.
Waiting for approval
Once the carrier has everything they need, your application will enter the approval process. This is when the carrier’s underwriters will review everything they’ve collected as a whole, and evaluate where the final price of your insurance policy should be set.
If you’re approved for coverage, you’ll be sent a packet containing your policy itself as well as a few documents that you’ll need to sign and return so the carrier can finalize your coverage. This step is also when the carrier will collect your payment information so that they can set up your billing on their end.
Depending on the carrier you apply with, you will either be sent digital forms or a physical policy booklet. Regardless of the format, you should store your policy securely and have a plan in place to help your family find it in the event of your death, so they can claim your death benefit.
After a bit more processing by the carrier to wrap up any loose ends, you’ll receive a notification that your policy is inforce. That means that everything’s in place on the carrier’s end of things, and your coverage has been activated! All that’s left for you to do is make your premium payments according to your payment plan, and your family will be covered.
Eric Lindholm is a writer for Quotacy, and he’spersonally guided hundreds of people through their own life insurance journeys since joining in 2016. Eric lives in the Twin Cities, Minnesota, where he’s busy paying off his student loans and making the most of his time as a 20-something. You can connect with him and see what he’s up to at EricLindholm.biz.
Save more, spend smarter, and make your money go further
Previous Post
How Do I Fit Life Insurance into My Budget?
Next Post
Part 1 of 3: Life Insurance Buyers’ Common Q&As
Inside: Do you want to make quick money? If so, you’ll love this collection of ways to make cash in one day. Start these tasks and start making extra cash fast.
In today’s world, there are many ways to make quick money in one day.
The internet and technology have created opportunities that were non-existent just a few years ago. You can now make money in your PJs from the comfort of your own home! I do!
We all have those times when we need cash fast. Maybe it’s for an emergency car repair, an unexpected medical bill, or a last-minute plane ticket home.
Whatever the reason, there are plenty of ways to make quick money in one day.
We will include some of my personal favorites as well as methods I researched.
In today’s blog post, we will outline the best ways to make quick money in one day.
How can I make immediate money?
If you need immediate money, you need to look for ways to get cash in your hand quickly.
This would be by selling your possessions, participating in focus groups, find a gig job that pays cash tips.
These ideas will get cash in your hand within 24 hours.
How much money can I make in one day?
Many people wonder, “How much money can I make in one day?”
The amount of money you can make in a day depends on a variety of factors, such as your job, side hustles, and financial opportunities.
With a bit of hustle, creativity, and smart financial decisions, it is possible to make up to $1,000 a day.
However, you need to develop a smart strategy for achieving this goal. Investing in education will help you put that money to work growing for you.
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
50 best ways to make quick money in one day
Making money quickly is possible with some time and effort.
There are a lot of ways to make quick money in one day. In fact, many ideas center around how to make money online for beginners.
Here are 50 of the best methods that you can use to make some extra cash.
1. Work on freelance projects
Working on freelance projects can help you make quick money in one day by providing you with one-off jobs that can benefit from your skill set.
With the percentage of freelance workers in the workforce climbing steadily, there are many online marketplaces that make it easy to connect with businesses and individuals who need your services.
Sites like Upwork, Fiverr, and Toptal allow you to create a profile and showcase your work, making it easy for you to set your own rates and decide on the length of the project.
Additionally, the more experience you get, the more you can charge and the higher your demand will be, potentially leading to full-time work.
2. Sell items on consignment
Selling items on consignment can help you make quick money by providing an easy, fast way to earn a profit from gently used items.
With consignment shops, you can take your clothes, electronics, jewelry, musical instruments, or even your car to be sold without having to take an active role.
For a cut of the profits, your items will be placed in front of buyers, allowing you to make quick cash.
3. Take on odd jobs
If you’re looking for ways to make money quickly, odd jobs are a great way to do so.
Think of day laborer types of jobs. You can use an app like TaskRabbit to find work in your area.
Some of the common odd jobs you can consider include:
Gardening – you can offer to do gardening work such as weeding, planting, mowing, and trimming.
Furniture Assembly – if you have experience in assembling furniture, you can offer your services to people who need help.
Cleaning – you can offer cleaning services to keep homes and offices tidy.
Painting – you can offer your painting services to those who need help with their walls.
General Handyman Work – if you are good with your hands and have experience in repairing and fixing things, you can offer your services to people who need help.
Moving Gig – people are always looking for help with moving.
4. Trade Options
If done correctly, trading in options can help you make quick money and generate substantial returns in a relatively short period of time.
However, trading options come from experience and should not be taken as a get-rich scheme. Personally, I trade options for a living.
You can make quick money trading options if you know what you’re doing. The key is to identify when the market is going to move in a certain direction and then make the right trades to capitalize on the profits.
Here is the one and only investing course I recommend.
5. Become a rideshare driver
Becoming a rideshare driver can be an easy and convenient way to make money quickly.
All you need to get started is a valid license, active insurance coverage, and an approved vehicle. With Uber and Lyft, you can set your own hours and receive a base rate plus tips and distance or time-based bonuses.
From one of our rideshare drivers, we learned some tricks of the trade such as working in peak hours or in areas with popular nightlife scenes or active airports.
6. Offer house cleaning services
Nowadays, people don’t want to learn their own house, so starting a house cleaning service is a great way to make quick money.
With countless opportunities available online or on local job boards, you can easily find a job that works for you. There are even ways to market yourself so potential customers can find you!
If you have a background in cleaning and don’t mind physical labor, you can make up to $25 an hour or more.
Becoming a housecleaner is a great way to make extra money on the side and you can even make up to $200+ per weekend.
With a bit of effort, you could have a great side-hustle in no time!
7. Rent out your parking spot
If you live in a busy area and have a spot that’s in high demand, you can easily rent out the space for a premium price.
This can be especially profitable if you live near an event center and can offer parking to visitors who don’t want to pay a premium to park in a lot or parking structure. You can put your parking spot to work with services like Just Park or Neighbor.com and earn up to $300 per month.
Renting out your parking spot offers a great way to make extra money while utilizing unused resources or space.
8. Proofread documents
Whether you are a stay-at-home parent, a teacher looking for extra income during summer vacation, or someone with a passion for grammar and punctuation, you can make up to $65,000 a year by proofreading documents.
Make sure to take a Free Training Course: Caitlin Pyle offers a free workshop on how to use the most popular proofreading tool and how to become a work-from-home proofreader.
With some hard work and dedication, you can start earning quick money as a proofreader. Good luck!
9. Walk dogs
Walking dogs can be a great way to make some quick money.
Apps like Rover provide pet owners with a platform to find dog walkers in their area and pay for their services.
A dog walker can make $15-18 per 30 minute walk, with occasional bonuses for boarding or pet-sitting. This is a simple way to get your exercise and make cash.
10. Take an online survey
Companies and websites are always looking for consumer feedback in order to improve their products and services, and offer incentives such as cash, rewards, and gift cards for filling out surveys that can take as little as a few minutes.
Popular survey sites like Survey Junkie and Swagbucks offer these incentives, enabling individuals to make a few quid in just a few minutes of form filling.
Most surveys will only take a few minutes, so you will have to do a bunch to add up to serious cash for your feedback.
Here are the top legit survey platforms:
11. Sell your old junk
Are you looking for an easy way to make some extra money? Why not start by looking around your house and attic/basement for things you no longer use?
You can turn those things into cash by selling them online or having a yard sale.
With a little effort, you can easily make hundreds of dollars by selling your old stuff. It’s a great way to declutter your home and make some extra cash in the process.
Make sure to list your items with attractive descriptions and photos to draw in potential buyers.
12. House sitting
House sitting is a great way to make quick money. It allows you to watch someone’s home while they are away and take care of tasks such as feeding pets, watering plants, and taking out the trash.
You can usually make between $25 to $50 per day depending on the market demand in your area. It’s easy to start, with most sites having a minimum age requirement and a sign-up process that takes only minutes. Payment is typically made when the job is completed.
More importantly, beyond making good money, you are able to housesit in beautiful locations that you may not be able to do otherwise. Personally, this is something I want to start doing.
Build your profile on Trusted Housesitters now.
13. Babysit
Babysitting is a great way to make extra money, especially for those who are looking for flexible jobs that match their availability.
Whether you’re an experienced babysitter or a novice looking to give it a try, there’s no doubt that you’ll find plenty of opportunities available. With a little bit of effort and a lot of dedication, you can make a great living out of babysitting.
Most babysitters earn way more than minimum wage making this a great gig.
14. Deliver food orders
Delivering food orders can make you money quickly by taking advantage of the increasing trend in the popularity of food delivery apps.
With driver-friendly apps like Instacart, DoorDash, and Uber Eats, all you need is an insured vehicle and a smartphone to start delivering food to customers in need.
The pay per delivery can go even further if you work on busier nights like Friday or Saturday. With many apps, you can also choose your own hours and the flexibility to work as much or as little as you’d like. This can be a great way to make some fast cash on the side.
15. Earn money with eBay
eBay is an amazing platform for anyone looking to make some extra money by selling items they don’t use. Whether you’re looking to get rid of an old phone, clothes, or books, eBay is an easy and accessible way to do so.
You can start by selling items you don’t need or don’t use anymore.
You can also consider buying items at a low price with the intention of selling them at a higher price.
If you’re looking to make a full-time income from home, selling items on eBay could be a perfect way. You can start small by buying a thrifty item for a low price and selling it at a much higher price.
With the right knowledge and resources, you can make money on eBay easily. So get started today and watch your earnings grow!
16. Write articles for websites
Writing articles for websites can be a great way to make quick money in one day.
With the increasing amount of new content created daily, business owners often don’t have the time to create content for their websites themselves.
Freelance writers can fill this gap by providing quality content for clients in exchange for payment. Depending on the complexity and length of the article, writers can make anywhere from $25 to $500+ in a single day.
By specializing in a niche, writers can showcase their work as samples to potential clients. Furthermore, writers can establish relationships with other bloggers in their niche, guest blogging, and approach websites in their niche with their writing services to further increase their chances of finding work.
17. Become a pet sitter
Personally, I have a friend who makes money by being a pet sitter and has help from her kids.
With Rover, pet owners in your area can easily find and hire pet sitters for their pets. Dog sitting is the most popular pet sitting activity, and it can earn you around $20-35 for overnight stays.
Plus, you get to decide when and how you want to work, and you can fit it around your own schedule. With the right amount of communication and excellent service, pet owners may even offer you recurring gigs.
18. Participate in focus groups
Participating in a focus group can be a great way to make quick money in one day.
Focus groups are usually based on interesting products or services, and they can pay participants anywhere from $50 to $400 for their time. Not only is it a great way to make money quickly, I have found many focus groups can also be a lot of fun.
The hardest part with focus groups is it is not a steady stream of income as you may not qualify for each opportunity.
19. Do yard work
Just like housecleaning, this is a popular job to be hired out.
Yard work such as basic gardening and landscaping, shoveling snow or salting walkways, and even cleaning gutters can all be done for a fee. Advertising your services through flyers, door knocking, or posting on local job boards can help you find potential customers.
By doing quality work, you can turn this into a weekly gig for quick money.
20. Shop at thrift stores and buy low and sell high
You buy items for a fraction of the cost and resell them for a higher price. For example, you can find brand-name clothing, electronics, antiques, and children’s toys at thrift stores that you can resell on online platforms such as eBay, and Facebook Marketplace.
You can also look for items marked as “free” on the side of the road and spruce them up to sell for a profit.
Shopping at thrift stores can help you make quick money in one day, and with time and experience, you’ll discover which items sell the fastest and for the most money.
To make money flipping items, you must do your research upfront and know how much you can pay for something while still turning a profit. With time and experience, you will learn which items sell the fastest and for the most money.
21. Photography gigs
You can make money with photography in two ways:
Turn your photographs into cash by selling them through stock image websites such as Shutterstock or iStock.
Offer your photography services for family sessions, birthday cake smashes, and even weddings.
Either way, you are able to turn your passionate hobby into a way to easily make a decent income in one day.
22. Participate in sweepstakes
Participating in sweepstakes can help you make quick money in one day by giving you a chance to win big.
Yet, this option comes with a lot of RISK!
There are a variety of competitions and prizes available, ranging from online product giveaways and gift vouchers to big-money TV game shows. You want to look for sweepstakes that are free to participate in and not pay money.
This one ranks up there with the left hand itching principle.
23. Use your Writing Skills
Are you looking to make money with your writing skills? There are lots of opportunities available that pay you to write. From blogging to freelance writing, to reviewing music, you can find the perfect job that allows you to utilize your writing skills and get paid.
You can also make money by helping people refine their writing. If you have a good grasp of grammar and can help people write in a more engaging and structured way, then you can charge for your services.
Publications often hire freelance writers, so that’s another avenue to explore.
No matter what you decide to do, there are plenty of ways to make money with your writing skills – all you have to do is find the right opportunity for you.
24. Become a home staging stylist
Becoming a stylist can help make quick money in one day by offering services to those who are in need of help staging their homes for sale.
Realtors often hire outside help to ensure that the home is presented in an attractive and appealing way, and these services can be provided for an hourly or flat fee.
This is a great part-time gig.
25. Donate plasma
You can make money quickly by donating plasma.
Plasma is the liquid part of the blood that contains antibodies. It can be used to create medications and other medical products. Plasma donation is a safe procedure that can help people in need.
Typically, you walk out with cash immediately.
Check with your local blood bank or hospital to learn more.
26. Host workshops
Hosting workshops can be a great way to make money in a short period of time. There are endless webinar ideas you can try, such as live-at-home fitness classes, cooking, a writing workshop, an Excel class, nutrition coaching, or even a first-time homebuyer class.
With the rise of video conferencing, it’s easy to set up webinars to teach people your skills and knowledge.
Typically, you will need to build an online presence with a social media following to hold successful workshops.
27. Trade Stocks
Trading stocks can be a lucrative way to make quick money, but it is essential to understand the risks involved.
With the help of online market trading platforms, anyone can start to trade stocks with a minimum amount of money.
Learning how fast you make money with stocks, but realizing you need to learn to trade stocks is like going back to school for a stock trading education.
Although trading stocks has the potential to generate quick money, it is important to note that all trading involves risk and that you should only invest what you can afford.
28. Become a courier
Being a courier is a great option for flexible income, as they allow you to set your own hours and work as much or as little as you’d like.
Think outside the box of UberEats or Instacart. This would likely be for a local business that needs to move documents from location to location.
You will need to be reliable and trustworthy.
29. Deliver Pizza
Even today, this is a classic gig to make quick money by delivering pizza!
Businesses are desperate for workers, so finding a job should be fairly easy. However, be prepared to work more than one day.
30. Repurpose your skills
Those skilled in writing, graphic design, coding, bookkeeping, or any other number of computer-based skills, can use these sites to find freelance jobs that require their skills.
Additionally, those with knowledge or experience in a particular field can create and sell an online course via a platform like Teachable or Podia.
Too often, we overlook the things that we are the best at, yet repurposing your skills us a great wat to make money.
31. Dog groomer
The income potential as a dog groomer is considerable.
According to the American Pet Products Association (APPA), pet owners spent $136.8 billion on their pets in 2022.
Dog grooming is a easy way to make money.
Over to pick up dog poop and you can double how much money you make.
32. Sell your unwanted items
Selling unwanted items on eBay and Amazon can be a great way to make quick money.
By scouring online retailers, local thrift stores, and yard sales for hidden treasures, individuals can find consumer goods for cheap and then resell them for extra profit.
Selling on Amazon also provides an opportunity to source products for fulfillment.
Additionally, apps like LetGo, OfferUp, and Facebook Marketplace make it even easier to make extra money, as people jump on items quickly.
For those with a strong entrepreneurial spirit, buying items at a low price and then reselling them at a higher price can generate a decent side income.
33. Sell Printables
If you’re creative, you can create and sell digital products like ebooks, courses, templates, and graphics.
Digital downloads are also becoming increasingly popular, as they require no shipping or fulfillment costs and you can easily make them once and sell them hundreds of times over. Depending on the craft and the demand, your potential earning potential can be quite high.
In fact, selling printables is a popular summer jobs for teachers!
So why not give it a shot? With the right strategies, you could start making a few hundred dollars a month with very little effort.
34. Crafts and handmade goods
One of the best ways to make money quickly is by selling crafts and handmade goods on websites like Etsy.
From jewelry and candles to sourdough bread to quilts and custom T-shirts, there is a huge variety of items that you can make and sell. You can also design and sell custom stationery, pillows, tote bags, coasters, cosmetics, and more.
35. Dropshipping
Dropshipping is an online business model that allows entrepreneurs to start an online shop without having to keep a product in stock. Instead, a business makes a sale and then passes the order along to a third party, known as the dropshipper, who ships the product directly to the buyer.
Dropshipping is a great way to make money quickly, as it requires minimal upfront investment and overhead.
With dropshipping, you can add products to your store without having to buy them in bulk, and you don’t need to worry about shipping or fulfilling orders.
36. Affiliate Marketing
Renting out your property can help you make quick money in one day by taking advantage of the services offered by websites like Airbnb.
Affiliate marketing is a way to earn money by promoting other companies’ products or services. You can do this without a website, by sharing affiliate links on social media, a blog, online forums, post comments, and with friends or family.
When someone buys a product or service via unique affiliate link you provide, you get paid a commission.
It is possible to make money quickly if you have a social media following or a website, as you can start promoting all sorts of companies, products, services and offers online.
37. Work for tips
Making money quickly by working for tips may sound intimidating, but it is actually very achievable with a bit of hard work and determination.
Tips are normally paid in cash, which is exactly what you need.
Jobs that pay tips:
Waitstaff
Bartender
Bellman
Drivers
Casino dealer
Golf caddy
Babysitters
Also, many jobs that pay weekly work for tips.
38. Rent out your property
These services allow you to rent out a room, a condo, or your own home if you’re away on vacation.
Airbnb has revolutionized the hotel industry by allowing everyday property owners to lease their place to travelers. By creating an account and listing your property, you can immediately start earning passive income.
With the right location, you can create a steady stream of income that can help you make quick money in one day.
39. Join a MLM
Joining a Multi-Level Marketing (MLM) company is one of the most popular ways to make money these days. With an MLM, you can potentially make a lot of money by building a team and earning commissions from their sales.
But you need to be careful and do your research to make sure it’s an opportunity worth pursuing.
MLMs can be profitable, but it can take a lot of time and effort to get them off the ground and make them successful. You need to be prepared to take the time to build your team, train and support them, and provide them with the resources they need to succeed.
Personally, I have tried making money with an MLM and found out that it was not worth the time or effort.
40. Collect and sell scrap metal
Collecting metal items such as old swing set parts, metal toys, and other bits of metal can be sold at scrap yards or redemption centers for a small sum of money.
Iron, steel, aluminum, brass, and copper are the most commonly traded types of scrap metal, and the prices vary depending on the type and amount of metal.
This is a simple way to make money if you put in the resources. Just don’t steal metal because that can get you in severe trouble.
41. Deliver for Food Delivery Apps
This industry is booming with no signs of slowing down. You can easily make $100 a shift by delivering food!
Sign up for driver-friendly apps such as Instacart, DoorDash, and Uber Eats. These apps allow you to set your own hours and work as much or as little as you’d like.
Make sure you have an insured car, truck, bike, scooter, or motorcycle. Depending on what you choose to use, certain apps may have different requirements.
Go to the restaurant and pick up the order. You’ll be paid a flat delivery fee, an additional fee per item ordered, and 100% of the tips customers choose to give you.
Deliver the food to the customer.
Get paid instantly, usually within the same day.
Maximize your earnings by delivering for multiple apps at once. This will give you access to more orders, and a larger area to deliver in.
42. Become A Virtual Assistant
Virtual assistants are in demand right now.
Consider becoming a virtual assistant with no experience to help small businesses with tasks like scheduling appointments and managing emails.
Typically, small businesses are looking for someone to take a short-term 3-month stint or a long-term relationship.
If you have marketable skills, you will make an outstanding virtual assistant.
43. Cook and deliver food
Cooking and delivering food can make you money in one day, especially since the demand for convenient delivery is increasing.
If you are cooking food on your own, you need to check with your local state and city regulations to see if you are allowed to sell food from a home kitchen. These food regulations are tough, so make sure you comply with these regulations.
However, many busy families are looking for a personal chef and are willing to pay for the service.
44. Trade-In Programs
Trade-in programs are a way for people to get quick money by selling their old phones, tablets, and other electronics. These programs give customers the opportunity to receive cash or gift cards in exchange for their unwanted devices.
You can trade in your own unused or unwanted electronics or for neighbors who don’t want to deal with the hassle themselves.
When selling through a trade-in program, customers are usually asked to provide a description of the device and its condition. The amount of money received depends on the device and its condition.
Plus you are helping the environment by keeping old devices out of landfills.
45. Become a social media influencer
If you have a large following on social media, you can make money by becoming a social media influencer and promoting products or services.
There are a number of ways to make quick money as an influencer. You can promote products or services by posting about them on your social media account.
Obviously, you must thrive using social media.
46. Flipping items on Poshmark
Making money on Poshmark by flipping items can be a great way to make cash.
You can find items to resell from big box retailers, online retailers, local thrift stores, yard sales, flea markets, eBay, Facebook Marketplace, and Craigslist. Potential items you can flip for profit include brand-name sneakers, clothing, and purses.
You should also figure out which items sell the quickest and for the most money.
Poshmark also has a “bundling” function which allows you to group similar items together for a discounted amount. This is a great way to make more money as you can sell multiple items in one go.
This platform allows followers, so it is easy to build return buyers.
47. Start a small business or side hustle
Small businesses and side hustles can be a great way to make money quickly. Consider your skills and interests and start something that can help you turn a profit.
No matter how you do it, starting a business can be a great way to make money and meet new people.
Building your side hustle to a full-time income will not happen overnight, but you will make progress with hard work and dedication.
48. Take advantage of Swagbucks
Swagbucks is an online rewards and survey platform that provides numerous opportunities to make money.
With Swagbucks, you can earn money by completing surveys, watching videos, playing games, and even shopping online. With each task, you can earn anywhere from $0.40 to $2.00 in SB points which can be redeemed for cash back or gift cards.
Plus, when you sign up, you get a $10 bonus and can even get 500 SBs for referring a friend.
49. Tutoring
Tutoring is a great way to make quick money while using your knowledge and expertise to help others. It involves providing instruction to an individual or a small group on a particular subject, usually to help them improve their understanding.
Tutors can work with students in person or online, depending on the subject and their availability.
No matter your educational background, you can make money tutoring as long as you have a deep knowledge of a subject. With the right resources and platform, you can find tutoring gigs in your area and start making quick money today.
50. Make money with your phone
Making money with your phone is possible with a little bit of effort. You can sign up for apps to complete small tasks and earn money quickly.
Alternatively, there are plenty of mobile apps such as Ibotta, Rakuten, Shopkick, Swagucks, or Receipt Hog which can help you make some extra money with simple tasks.
You can also take on odd jobs through apps like TaskRabbit to make cash.
Finally, you can trade stocks on your phone.
There are so many ways to make money with your phone today.
FAQ
Yes, it is possible to make passive income. This type of income is earned with little effort or direct work.
It can come from investments such as returns and dividends, as well as from sources like stocks, rental properties, and online businesses.
With some creativity and diligence, anyone can create multiple sources of passive income. It may take months or even years to build up these streams of income, but the potential rewards are worth the effort.
Many of the statistics are leaning on the fact that you need a side hustle to make ends meet or get ahead financially.
I started a side hustle to make money to afford what we wanted to do. Personally, my side hustles are blogging and day trading stocks.
The best side hustles are the ones that you are passionate about. More than likely, you will be spending time on them in your free time, so you want to enjoy them.
Regardless of what type of side hustle you choose, you can make extra money on the side. To maximize your earnings, you can even combine several different side hustles together to create multiple income streams.
I always say, if I can make $100 a day, then I am making $3000 a month. That will make a difference in my personal finance situation.
Before you can make $100 a day, you need to find out how you will make money. Look for opportunities that match your skills and interests. Some examples of this include driving for Uber, selling your skills on freelancing sites, creating an online store, or even starting your own blog.
Learn how to invest 100 to make 1000 a day.
When looking to make $1000 fast, you need to up your game – specifically, the time and energy to make your goal happen.
You could start by looking for high-paying side hustles such as trading stocks or options, becoming a freelance writer, setting off as a virtual assistant, or by selling products online.
The key is to make $1k a day consistently. Then, you will be working on how to turn 10k into 100k.
Which Quickest Way to Make Money in a Day Will You Choose?
There are many ways that you can make quick money in one day.
Whether you want to start a side hustle, do some odd jobs, or make money online, which option is best for you?
Whichever option you choose, make sure that you choose something you will enjoy doing as well as the quickest way to make money.
We covered fifty options to make cash and start making extra money today!
Which one is your favorite?
Mine are trading and writing. Comment below on which method you will choose.
Know someone else that needs this, too? Then, please share!!
I was 10-weeks pregnant and craving pizza while on vacation in Germany. We picked a well-reviewed restaurant, only to be told that no tables would be available that night. My husband, who meant well, suggested we try our luck at a different restaurant a few doors down. But it didn’t serve pizza, and for me at that moment, nothing but pizza would do.
So, naturally, I burst into tears.
Thankfully, we swiftly found another option and my highly specific food craving was satisfied. But traveling while pregnant is tricky, assuming it’s safe for you to do so (always talk to your doctor or midwife first). Not only might you be dealing with nausea, fatigue, food cravings you may not be able to accommodate in other countries, and other maladies, but also some travel activities can be unsafe during pregnancy.
I traveled a few times while pregnant, both for work and leisure, leaning on a few helpful credit card perks to make the experience as comfortable as possible. Your card’s benefits could smooth the way to a less chaotic, and more enjoyable, travel experience.
3 times credit card perks make it better
When booking travel: Insurance and seat upgrades
Travel protections like trip cancellation insurance can come in handy if you need to back out of your trip due to a covered reason, like illness. Note that what counts as a “covered reason” can vary by card, and some situations related to pregnancy may not be covered. This can include travel after a certain week in your pregnancy, or if you become pregnant with multiples before booking travel. Review what your card does and doesn’t cover, and consider additional travel insurance if needed.
Thanks to big sign-up bonuses, airline credit cards speed up the time it takes to earn a substantial number of miles. Booking flights directly through airlines with those miles can give you an out if you need to cancel your trip. Some airlines will refund your miles with no fees if you back out, even close to your travel date.
If you’re accustomed to toughing it out in the back of the plane, this might be a good time to cash in miles earned from airline cards on a seat upgrade. A dangerous health issue to avoid is deep vein thrombosis, a blood clot that can travel to your lungs. Your risk of DVT increases in pregnancy. “More spacious seating with increased mobility could decrease lower extremity swelling and venous stasis, which can increase the risk of DVT,” Dr. Meghan Zysik said in an email. Zysik is an attending obstetrician and gynecologist at Albany Medical Center, part of the Albany Med Health System in Albany, New York.
At the airport: Ditch the luggage and lines, embrace the lounges
The times I traveled alone, I didn’t want to hoist my carry-on bag into the overhead compartment, and there’s never a guarantee a kind stranger will offer to help (especially if you aren’t visibly pregnant yet). With airline cards, you typically get a free checked bag, saving you $60 in bag fees per round trip flight. “Everybody has to pay attention to their body,” says P. Fadwah Halaby, a certified nurse midwife in West Palm Beach, Florida. “Don’t lift it if it feels like it’s going to hurt.” Halaby recommends limiting lifting any bags weighing more than 25 pounds.
Now that you can move through the security line unencumbered by baggage, don’t let that statement credit for TSA PreCheck or Global Entry go unused. Not only is this benefit worth at least $78 in value, but it’ll also get you out of line, and off of your feet, faster. “Prolonged standing can lead to physical discomfort and worsen lower extremity swelling,” Zysik said. “Take the time saved with PreCheck to eat a meal, sit, and rest or doing calming routines such as meditation.”
A perfect place to do all those things is an airport lounge, which some travel cards grant you free access to.
During the trip: Hotel freebies and away-from-home medical care
Your credit card company may offer referrals to local medical providers if you need assistance during your trip. This can include providing names of English-speaking doctors and hospitals, and even helping you stay in contact with your family. You’d have to pay any out-of-pocket costs for these services, but you’ll get help during a stressful time.
Hotel credit cards come packed with extras to make your stay more relaxing. One of my cards earned me status, granting free access to a lounge at our hotel in Berlin that provided breakfast, happy hour and all-day snacks. You can also get a few more hours of rest with late checkout, another benefit of cards that give you automatic status at hotel brands.
Take reasonable precautions
Before heading out of town, talk with your doctor or midwife because some medical conditions during pregnancy may increase your risk of health complications. Certain activities are off limits, like scuba diving. Your medical provider can also recommend medications that can ease pregnancy symptoms.
And, of course, they may insist you refrain from travel entirely. “You have to use common sense. It really needs to be said,” Halaby says. “Do you have a diagnosis? Are you being treated for something in particular that may or may not be good for traveling?” If any of that is the case for you, a relaxing staycation may be the more medically sound option.
This article was written by NerdWallet and was originally published by The Associated Press.
One reason that it’s so difficult to keep up with Medicare is that it’s constantly changing. The government is always adding or taking away restrictions on health care. Not only does Medicare coverage continue to change, but supplemental insurance continues to cover as well.
Medicare is an excellent government program, and it help provide health care coverage to millions of seniors across the nation, but it doesn’t cover everything. In fact, there are a dozen different expense categories that Medicare Parts A and B don’t cover. Those expenses could leave you with massive medical bills and hospital fees.
Those massive bills could turn your retirement dream into a nightmare. It’s important that you get the health care coverage that you need to ensure that you aren’t responsible for hospital bills that would drain your bank account.
Every year, I get a lot of questions about Medigap Plan J, which is no longer available. It’s important that you understand all of the plans, and if you have a Plan J, you will need to understand your coverage and some other similar options.
What is a Medicare Supplemental Plan J?
Medigap plans are sold by private insurance companies, and they work together with your original Medicare Parts A and B to give you additional coverage that you wouldn’t get with just your traditional coverage. There are ten different supplemental plans that you can choose from, all of them are going to have different coverages and gaps that they fill.
Some plans are going to be more basic than others. A Medigap Plan A is going to be one of the most basic, and it’s going to leave more gaps in coverage than other plans, like supplemental Plan F, which is the most comprehensive policy.
Plan J was one of the most popular options for Medigap coverage because of the additional insurance protection that it provided to enrollees. If you have a Plan J still, then you have the most coverage that you can buy. In fact, the law no longer allows you to get some of the coverage.
With your Plan J, you will get the basic coverage categories, like Part A coinsurance and hospital costs for an additional 365 days after your original Medicare coverage has expired. If you’ve ever stayed the night in a hospital for whatever reason, you know that it can be an expensive stay. With traditional Medicare, you will get some hospital fee coverage, but after that coverage ends, you’ll be responsible for all of those bills out-of-pocket. With a Medicare Plan J (or any supplemental plan for that matter), you will get additional coverage that can protect your savings if you’re ever in the hospital for several weeks.
Ads by Money. We may be compensated if you click this ad.Ad
Some of the additional coverage that came with a Plan J was paying the Part A and B deductible. The deductible is the amount that you have to reach before your Medicare coverage kicks in. If you had a Plan J, then you wouldn’t be responsible for paying that bill. Every year, the Part B deductible changes. In 2017, this threshold is $183.
Plan J would also pay for any Part B excess charges. When you go to the doctor or hospital to get any service, there is a pre-determined amount that Medicare B will pay. The doctor is legally allowed to charge 15% more than that amount. Anything about that pre-determined amount is considered excess charges. If you don’t have supplemental coverage, you will have to pay for all of those excess bills out of your pocket.
One of the unique coverage categories of Plan J was the prescription coverage that it provided. Plan J will help cover some of the rising costs of medications. The prescription coverage was one of the main reasons that Plan J was so popular.
What Happened to Medigap Plan J?
As I’ve already mentioned, Medigap Plan J is no longer available. There were several changes in the early 2000s that make these plans unavailable for new enrollees. Congress passed the Medicare Prescription Drug, Improvement, and Modernization Act, which changed the way that Medicare was structured. When this act was completed, the started Medicare Part D prescription drug coverage.
Once Part D began, it meant that Plan J was providing duplicated coverage, and that Plan J was now obsolete. The new law made it illegal for any supplemental coverage to pay for medication expenses, which meant like Plan J was identical to Plan F, and there was no reason for having two identical plans. If you held a Plan J at that point, you could keep your supplemental coverage, and you weren’t required to switch policies.
After that point, nobody else was able to enroll in Plan J, but there were several other quality options that you could choose from. It’s vital that you get the perfect supplemental insurance for your health care needs.
Alternatives
The obvious alternative to Plan J is to purchase a Plan F. The plans are identical minus the prescription coverage that Plan J is no longer allow to give to its enrollees. Plan F will give you all of the comprehensive coverage that the other plans won’t provide. If you want to get the most coverage possible, then a Plan F is going to be the best choice.
On the other hand, if you decide that you don’t want as much coverage, and you would rather save money, then a smaller plan is going to be a much better option. A Medigap Plan A or B will fill in a few of the gaps that Medicare doesn’t pay for. With a smaller plan, you won’t get as much additional coverage, but you are going to save money every month.
Deciding Which Plan
There are several different factors that you will need to consider when you’re shopping for supplemental insurance coverage. The first factor that you will need to look at is your finances. Everyone would love to have a Plan F which gives the most coverage, but not everyone can afford that comprehensive plan. Before you purchase any additional coverage, take a look at your budget and decide how much you can spend every month on that supplemental protection. The goal of your Medigap policy is to protect your savings, but the plan shouldn’t break your bank every month.
The next factor that you need to answer is your medical history and your family tree. The older that you get, the more that you’re going to spend on health care, and those expenses could drain your savings account, but that’s where your Medigap plan comes in. If you’re in poor health, then you will need to purchase a comprehensive policy that gives you the most coverage possible.
Medigap Open Enrollment
One of the most important things to realize about Medigap plans is when you should purchase one of these plans. Once the month that you turn 65 begins, your Medigap Open Enrollment Period begins. During this time, the insurance company can’t decline your application, regardless of your health or any health complications that you may have. If you’re in terrible health, this could be the only chance that you have to get coverage.
Additionally, if you apply during the open enrollment, the company can’t increase your premiums, even if you have health complications. If you want to save money, it’s vital that you apply during the six-month window of open enrollment. After the six months is over, then your application will be treated as a normal application, which means that you could get drastically higher premiums.
Any Questions about Medigap Plan J?
Because Plan J is no longer available, I don’t get a lot of questions about the plan, but there are still people with these plans. It’s vital that you get the perfect supplemental coverage. You’ve worked hard to reach this stage of life, don’t let medical bills wreck your retirement dream.
If you have any questions about Medigap Plan J or any of the alternatives, please contact an experienced Medicare supplemental insurance agent or me today.
Understanding the average salary of a profession can help you make a variety of important decisions, from what field you want to enter to where you want to live and work. In California, the average physician makes more than $200,000 per year. Knowing that, medical students have a better idea of what they could make when they get out of school. Likewise, physicians looking to relocate to a new state have a better sense of how their salary can change based on where they decide to move.
Here’s a closer look at how much medical doctors make a year in California, regional differences in salary, and the top-paying medical specialities in the state.
What Is the Average Salary for a Medical Doctor in California?
The average salary of a physician in the state of California is $229,420 per year, according to data from the U.S. Bureau of Labor Statistics (BLS). This figure doesn’t account for a physician sign on bonus, which some doctors receive. Interestingly, California is squarely in the middle when it comes to average physicians’ salaries, along with Oregon, Texas, Maryland, and New York. The average salary in California lags more than half of states, including Arizona, Florida, Wyoming, Kentucky, and South Carolina.
Though many consider anything more than $100,000 a good salary, California’s relatively low pay may come as a surprise to some. However, there are some possible explanations. For one, California spends the most on Medicaid among U.S. states. Medicaid — and Medicare, for that matter — both reimburse physicians at rates lower than their usual fees. Doctors who are seeing a lot of elderly or low-income individuals may see their incomes reduced.
Note that early in your career as a doctor, while you’re in your residency or fellowship, you’ll likely make considerably less than you will later in your career. Explore ways to get by on a medical resident’s salary.
You may also want to consider using a spending app, which can help you set financial goals and a budget and track where your money goes.
Recommended: Budgeting as a New Doctor
How to Become a Doctor in California
Doctors are health care professionals who are charged with meeting with patients, diagnosing their conditions, and managing their care plans. They perform tests and prescribe medications. And they must coordinate with a range of other health care professionals, including other doctors, nurses, and emergency medical technicians. That’s a lot of responsibility, and as a result, it takes a lot of training to become a doctor.
First, you’ll need to complete a bachelor’s degree in a field that relates to medicine, such as pre medicine, biology, or biochemistry.
Next, you’ll need to go to medical school, where you will receive classroom and practical training to advance your knowledge in the medical field. Medical school is typically a four-year program. While in school, you’ll complete the first and second parts of the U.S. Medical Licensing Examination (USMLE). The average cost of medical school can be high, running more than $50,000 a year at private institutions.
When you graduate from medical school, you’ll enter a residency program that helps you choose a medical specialty. These programs usually last three years, and under the supervision of an experienced physician, you’ll work full time as a resident doctor. You’ll complete your residency by passing the third and final part of the USMLE.
After your residency, you can choose to complete a fellowship that gives you further training in the specialty you’ve chosen. Though fellows tend to make more than residents, their salary isn’t as high as new doctors. The good news is, there are ways to budget on a medical fellowship salary.
Finally, you’ll need to obtain a California medical license from the Medical Board of California. You can renew your license every two years, which requires 50 hours of continuing medical education.
Recommended: What Is the Average Medical School Debt?
Reasons to Become a Doctor
Becoming a doctor can involve a lot of challenges, but it can also be immensely rewarding work. Here are a few reasons you might become a doctor:
• To help others: Doctors diagnose and treat medical conditions, helping to save and improve patients’ lives. They are often involved in ongoing treatment, ushering patients down the path to recovery. Being a physician is a people-centric profession that involves working closely with patients and their families to explain medical conditions and treatment options.
• To work in the sciences: If you’re interested in a variety of scientific fields, from biology to chemistry to anatomy to pharmacology, being a doctor is a way to explore these subjects while also helping others.
• To find purpose: The responsibility toward patients and coworkers and the ability to better people’s health and well-being often provide doctors with a sense of satisfaction and meaning in their work.
• To become a teacher: Becoming a doctor requires a lot of schooling and ongoing training. Doctors may pass on this knowledge by educating patients on how to lead healthier lives, educating medical students in teaching hospitals, and supervising residents.
• To have job security: The job outlook for physicians is relatively low, with the field expected to grow 3% through 2031. That said, there are still 23,800 openings for physicians projected each year, according to BLS data.
• To make a good salary: The annual average wage for all workers in the United States is $58,260, according to the BLS — quite a bit lower than the $229,420 average annual pay for physicians in California.
Best-Paying Medical Doctor Jobs in California
The medical speciality you pursue in California will have a big impact on your salary. According to BLS data, here are some of the highest-paid physicians in California:
Psychiatrist
Psychiatrists help diagnose and treat mental disorders. Unlike psychologists, they are allowed to prescribe drugs for medical treatment.
Average salary: $305,290
Obstetricians and Gynecologists
OBGYNs provide medical care related to childbirth and diagnose and treat diseases of the female reproductive organs. They also specialize in women’s health issues like hormone problems, infertility, and menopause.
Average salary: $309,610
Anesthesiologist
Before, during, or after surgery, anesthesiologists administer anesthetics (which reduce sensitivity to pain) and analgesics (which act as pain relievers).
Average salary: $318,030
Cardiologists
Cardiologists diagnose and treat conditions of the cardiovascular system.
Average salary: $343,370
Radiologists
Radiologists use medical imaging techniques, such as x-rays, MRIs, and ultrasounds to diagnose and treat diseases and injuries.
Average salary: $345,100
Pathologists
A pathologist helps diagnose diseases by running tests on organs, tissue, and bodily fluids, such as blood.
Average salary: $350,980
Surgeons
Surgeons are medical doctors that may have to perform surgery, a procedure that physically changes a patient’s body.
Average salary: $351,580
Recommended: Starting (and Keeping) an Emergency Fund
The Takeaway
Being a doctor can be fulfilling, as it allows you to help people through work in the medical sciences. It can also be monetarily rewarding, and understanding average salaries can help you make decisions about where you want to live and what you want to specialize in. Though income varies by speciality, the average salary for physicians in California is $229,420 per year.
As you build your practice and earn a salary, a money tracker app can help you get your financial house in order. The SoFi Insights app connects all of your accounts in one convenient dashboard. From there, you can see all of your balances, spending breakdowns, and credit score monitoring, plus you can get other valuable financial insights.
Stay up to date on your finances by seeing exactly how your money comes and goes.
FAQ
What is a doctor’s yearly salary in California?
In California, a doctor can expect to make $229,420 per year on average, according to data from the U.S. Bureau of Labor Statistics.
What is the highest-paying medical specialty?
Among the highest-paid doctors in California are pathologists, surgeons, and radiologists.
Who earns more: a dentist or a doctor?
In California, doctors tend to make more than dentists, who earn $165,950 per year on average.
Photo credit: iStock/Drazen Zigic
SoFi’s Insights tool offers users the ability to connect both in-house accounts and external accounts using Plaid, Inc’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score provided to you is a Vantage Score® based on TransUnion™ (the “Processing Agent”) data. Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances. Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article. SORL0323016
If you are suffering from anemia, getting life insurance can be tricky.
When you apply, your rating is based on the severity of your anemia, its cause, and how well you are treating your condition.
Depending on your situation, anemia might not affect your rating at all. To help get you prepared for your application, here are the life insurance guidelines for someone with anemia.
Life Insurance Underwriting for Anemia
The insurance company is going to ask you hundreds of questions. Some of them are going to revolve around your anemia:
When were you diagnosed?
What is the root cause of your anemia?
Have you been hospitalized because of your anemia?
Have you had any symptoms like headache, fatigue, or dizziness in the past 6 months?
What were the results of your last blood lab tests?
Are you currently taking iron supplements or any other medications for your condition?
This is your chance to show the company you are controlling your anemia. If your application seems incomplete, your chances of getting a bad rating or rejection go way up.
The insurance company is also going to ask you dozens of questions about your overall health. Your anemia is only one of the factors that they are going to look at when deciding your insurance rates.
There is an insurance company that will give you affordable policy. Don’t let anemia keep you from getting the coverage that your family deserves.
Life Insurance Quotes with Anemia
Your insurance rating primarily depends on the severity of the anemia and your treatments. Applicants that have their iron levels under control and aren’t anemic because of a more serious illness might be rated the same as someone without anemia. If an applicant’s anemia is more serious, it can become a bigger problem.
Insurers are also going to consider your overall health and your medical history when you apply. While each insurance company uses slightly different standards for anemia, there are some common rating classes:
Preferred Plus: Possible in very rare cases. It should have been two years since your last episode of symptoms and your blood levels should be normal. In addition, you should not have any other problems. Still, it’s difficult to qualify with anemia because it still counts as a health risk.
Preferred: A bit more likely, but still rare, for applicants that don’t have any issues with their anemia and are in great health. Once again, your blood level needs to be under control and you should have any other health issues.
Standard: Most likely best rating for someone with anemia. Applicant should not have had any incidents in the past year, should have normal blood levels, and the anemia shouldn’t be caused by sickle cell anemia or aplastic anemia disease. Applicant should also be in decent health. Table Rating (substandard): Most likely rating for someone with anemia. Applicants that have anemia because of sickle cell anemia or Crohn’s disease most likely won’t get anything better than a rated policy.
Declines: Applicants that have anemia because of aplastic anemia disease. Also, applicants that aren’t properly treating their anemia and have abnormal iron levels are likely to be declined.
Ads by Money. We may be compensated if you click this ad.Ad
Anemia Insurance Case Studies
Each applicant is different. There are no two identical applications. To give you an idea of what you could be facing, here are some clients we’ve worked with before:
Case Study: Female, 38 y/o, had anemia at 35 as a result of a pregnancy, took iron supplements and the condition is now under control
This applicant was diagnosed with anemia after being pregnant when she was 35. She followed her doctor’s orders diligently and regularly took her iron supplements. As a result, her anemia was under control and didn’t lead to any problems. She applied for life insurance at 38, she only received a rated policy. We thought that insurers were paying too much attention to her past medical record of having anemia and weren’t considering her current good health.
We suggest she go to her doctor and get a document explaining her health and the improvements. She sent this to the insurance company and she got a preferred plan.
Case Study #2: Male, 58 y/o, diagnosed with Sickle Cell Anemia at 55, applied for life insurance right away and was rejected.
When this applicant was diagnosed with sickle cell anemia at 55, he was in a rush to get life insurance. When he applied though, his application was rejected. This was because of a couple mistakes. First, the client applied too soon after his diagnosis; it would have been better to wait a couple years. Second, he hadn’t given the iron supplements enough time to take effect. At this point, we recommended the client take another blood test. At this point, he received a rated life insurance policy.
Purchasing life insurance with anemia can be difficult, but it’s definitely possible for most applicants. We’ll be able to match you up with companies that understand this condition and help you with your application.
Life Insurance with Anemia
Now that you have all the information you need, you are prepared to get a quote for life insurance with anemia.
Eating disorders are a common mental ailment in the United States, especially with adolescent girls.
If you’ve suffered from an eating disorder like anorexia or bulimia in the past, it’s going to come up when you apply for a plan.
Regardless of your past, you can qualify for a life insurance policy. We don’t care what condition you may have suffered from, we want you to get a plan you can afford.
Life Insurance Underwriting after an Eating Disorder
As you can probably guess, they are going to ask you several questions about your eating disorder. Some of them will include:
Were you diagnosed with anorexia nervosa and/or bulimia nervosa?
How many episodes of eating disorders have you had?
When was the last episode?
Has your weight been stable for at least one year?
Do you have any other mental conditions like depression, anxiety, alcohol/substance abuse or psychotic disorders?
Are you taking any medications to help with your eating disorder?
While there are no medications to cure an eating disorder, applicants may be taking anti-anxiety or antidepressants to prevent another episode. These medications could be insurable.
Your life insurance application is your chance to show that you’ve recovered from your eating disorder and that it’s under control. Be sure to make your application as complete as possible. If your application seems to be missing information, the underwriter could get nervous and decline your policy.
Life Insurance Quotes after an Eating Disorder
Before you can apply for life insurance after an eating disorder, you’ll need to have recovered from your condition. Generally, insurance companies will want to see that you have recovered and maintained a health weight for at least a year before they will give you a policy. More time will help your rating because it means you have less risk of a relapse.
Beyond your eating disorder, they are going to review a handful of other factors. Everything from your mental health to your hobbies. To give you an idea of the rating classes, here are some basic rate classes:
Preferred Plus: Generally impossible for someone that had an eating disorder. Even if you are now in perfect health, insurance companies will still be too worried about a possible relapse to give out the best rating.
Preferred: Possible in some cases. To qualify, it needs to have been at least 4 years since your past episode and you’re otherwise in perfect health and have no other mental disorders.
Standard: This is the most common rating. To qualify, it should have been at least four years since your last episode and you are in generally good health. It may be possible to get a standard rating with small health problems like being a bit overweight or having slightly high cholesterol.
Table Rating (substandard): Applicants that apply within two to four years of their last eating disorder episode will likely get a rated policy. The longer you wait, the better your rating will be. You could also get a rated policy if you have recovered from your eating disorder but still have some other mental or health issues.
Declines: Applicants that apply while currently suffering from an eating disorder will be declined. Most applications within one year of an episode will also be declined. Your application could also be declined if you are still suffering from other mental issues like depression or you have some significant health problems that would be made worse from an eating disorder relapse.
Ads by Money. We may be compensated if you click this ad.Ad
Eating Disorder Insurance Case Studies
What does all of this mean to you? You might be confused about the rates you’ll get. To help you make sense of all this, we wanted to share some stories of clients we’ve worked with in the past.
Case Study: Female, 32 y/o, suffered from bulimia nervosa at 23, recovered at 25, applied for life insurance at 26 and was rejected
This applicant was bulimic when she was 23. After a couple years she made a full recovery and never relapsed. Within a year of recovering, she tried applying, but she was declined. At this point, she thought her past eating disorder would make it impossible for her ever to get coverage. We showed her this wasn’t true.
We showed him a carrier that regularly deals with applicants that had eating disorders in the past. This helped because the new company was better able to evaluate her application. By applying again at 30, this applicant was able to receive a standard rating.
Case Study #2: Female, 40 y/o, suffered from anorexia nervosa in her teens, relapsed at 24, fully recovered at 26 and had no other relapses, currently taking antidepressants, in great health
This applicant was struggling with depression in her teens and this caused her to become anorexic. She recovered but then relapsed again at 24. After regularly meeting with a therapist and starting to take antidepressants, the applicant made a full recovery. Since then she has been in great health, though she still takes antidepressants and sees her therapist from time to time.
She applied and was accepted for coverage, but she got a rated plan. It’s better than nothing, but we thought she could get cheaper rates. To do this, we told her to get a note from her doctor to send to the insurance company. The letter from her doctor explained her improved health and all the changes she had made.
After she did this, she got a standard rated plan.
We show you this to give you an idea of what you can expect and to show you that you can get affordable protection, even if you’ve struggled from an eating disorder in the past.
Life Insurance with an Eating Disorder
Suffering from an eating disorder can be both physically and mentally damaging. But if you’ve overcome your eating disorder, then you can still get a cheap life insurance policy to protect your family members.