How Health Insurance Matters to Your Home Purchase
NEW YORK (TheStreet) -- So you're thinking of buying a home? Congratulations! Here's how to start: Take a tour through the much-maligned Obamacare health insurance website.
That may not seem intuitive, but the your decision on what to spend for a home could be affected by the potential cost of health insurance -- a shocking cost for many.
Now that the site is running fairly well, it's pretty easy to get a rough idea of the cost of health care if you had to go it on your own. Most people probably won't bother to look, because most are insured through work.
But what if your employer canceled its health insurance program? Or what if you lost your job? A small family could easily end up spending $10,000 to $20,000 a year in monthly premiums and deductibles. If that happened, you might be sorry you'd taken on a big mortgage.
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