How to protect yourself from expensive healthcare
The U.S. health insurance system is anything but perfect, but insurance is critical to cover high medical costs, especially in an emergency. For instance, the U.S. Centers for Medicare & Medicaid report that fixing a broken leg can cost up to $7,500, while comprehensive cancer care could cost hundreds of thousands.
This is why, in Cuban’s words, medical debt “often leads to bankruptcy.”
The process of finding the right health insurance can be overwhelming. That’s why [U65 Health Insurance] enables you to quickly compare rates from various providers, ensuring you get the cheapest quote within minutes.
U65 Health Insurance is for any American under the age of 65, including those who might have pre-existing health conditions. They enable you to compare and access health insurance offers fast and for free.
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Hoping for the best, preparing for the worst
The U.S. Census reported that as of 2023, 25 million Americans did not have health insurance. It’s critical that those without any coverage have a ‘rainy day’ fund set aside for any emergencies. Even if you do have medical insurance, emergency funds are still key to coping with unanticipated health or medical costs — especially if you don’t have complete coverage.
You’ll want to make sure these funds are easily accessible, given you never know when you’ll need to use them. Moneywise’s list of the Best High-Yield Savings Accounts of 2025 helps you compare all of your top savings account options in one place and find great interest rates to help you grow your emergency fund.
A no-fee checking and savings account with SoFi can also help ensure your money is working hard for you in the background. You can earn 4.60% APY on savings balances — up to 10x the national average — and 0.50% APY on checking balances. You’ll also enjoy no-fee overdraft protection, early paycheck deposits, and access to over 55,000 ATMs within the Allpoint network.
When you sign up now, you can earn a bonus of up to $300 for setting up direct deposit.
How to make room for health insurance
If health insurance feels totally out of the picture right now, there are ways to trim back and try to fit it into your budget. Cuban is a big fan of budgeting, sharing in a 2023 GQ interview, “I keep a strict budget every day.”
Rocket Money makes the budgeting process easier. It tracks and categorizes your monthly expenses and shows you your cash, credit and investment balances all in one place.
The app will also check to make sure you’re not wasting money on any subscriptions you may have forgotten about, potentially saving you hundreds of dollars per year. And if you feel like you’re paying too much for your monthly bills, Rocket Money can negotiate a better rate on them for you for a small fee.
You’ll also want to ensure you’re getting the best rates on home and auto insurance so that you can afford to add medical insurance to the mix.
Car insurance payments have been on an upswing, with the average cost of full coverage car insurance rising by $2,543 last year.
With OfficialCarInsurance, you can compare rates offered by vetted lenders like Allstate, Progressive, and GEICO.
The best part? This process is completely free and won’t impact your credit score. All you have to do is enter some basic information about yourself and the vehicle you drive to get quotes from as low as $29 per month.
Home insurance rates have risen dramatically over the past few years. According to research published by the National Bureau of Economic Research (NBER), average home insurance premiums jumped 33% between 2020 and 2023. That’s a rate far greater than inflation.
Shopping around for rates can help. A ValuePenguin survey of over 2,000 consumers found that 54% of homeowners who shopped around for their insurance reduced their bill, saving roughly $474 annually. BestMoney is an easy way to do exactly that.
Here’s how it works: enter some basic information about your house and finances, and BestMoney will compile a list of offers for you to check out.
