My husband has Hepatitis C, and at this point his only option is a liver transplant within the next two years. We make about $70,000 a year, but we also have $25,000 in debt. He's still able to work right now, and we have health insurance, but how should we begin preparing for the operation and medical bills?
God bless you guys. This is going to be really tough. You're going to face a lengthy loss of income, and sky-high medical bills even if everything goes well. I'm really sorry you have to go through this. Life can be hard enough without major health issues knocking you over.
The good news is that there's something you can do about all this, and it all starts with saving. First, set aside an emergency fund of three to six months of expenses as quickly as you can. In your case, I'd recommend leaning toward the six month side, because you'll be facing a real emergency pretty soon. Second, you guys need to have no life for the next year or two, and get very serious about paying off as much debt as possible after you get your emergency fund in place. I'm talking about following a very strict budget, and living on rice and beans. Bottom line? The less debt you have, the better off you'll be.
Wouldn't you love to be debt-free and have six months of expenses in the bank before they perform this operation? You can do it, if it becomes important enough to make it priority one.