Don'ts of Medical Expenses

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COBRAhealth.com Some bad ideas. Getting arrested. Get married. Discount Medical Cards. Medical Credit Cards. Going to Canada. Withdrawing Retirement. Bankruptcy. Mexico?

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  • I would add a Obamacare is a huge 'Don't of healthcare' because price controls force insurance companies to over-charge the healthy and under-charge the sick. It's a function of capitalism.
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  • Desperate times deserve desperate measures! But most of these ideas have not worked out well for the insurance planner. A study just came out where the avg family health insurance bill is now $15,000 per year. That's over $1,000 per month, which is more than I've paid in rent in the past!
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Don'ts of Medical Expenses

  1. 1. Don’ts of Medical Expenses You have medical expenses but no insurance. Maybe you don’t qualify or can’t afford the premiums. Here are some bad ideas. Wrong ways to pay for COBRA health.com by Craig J. Casey Healthcare
  2. 2. Getting arrested One of a prisoner’s basic rights are access to emergency and routine care when needed (Estelle vs. Gambles). It worked for James Verone. Wrong ways to pay for COBRA health.com Healthcare by Craig J. Casey
  3. 3. Get married Hit the net looking for love….and health insurance. Marry someone in the military, many insurers also accept domestic partners. Wrong ways to pay for COBRA health.com Healthcare by Craig J. Casey
  4. 4. Discount Medical Cards Do not buy a “discount medical card.” Coverage is limited and it’s not insurance. Wrong ways to pay for COBRA health.com Healthcare by Craig J. Casey
  5. 5. Medical Credit Cards You’re charged the full cost of a procedure even before all medical work is completed. Doctors don’t have to negotiate on price. You are charged retroactive interest on your 1 st year’s balance, like on GE's CareCredit. Wrong ways to pay for COBRA health.com Healthcare by Craig J. Casey
  6. 6. Going to Canada You can wait up to 1 year to see a doctor and 3 years for surgery. Wrong ways to pay for COBRA health.com Healthcare by Craig J. Casey
  7. 7. Withdrawing Retirement 401k or IRAs are often protected from creditors even in bankruptcy. And they are hefty tax penalties. Wrong ways to pay for COBRA health.com Healthcare by Craig J. Casey
  8. 8. Bankruptcy BK is a hard FINAL option. Your finances become public domain, it stays on your credit for years and good luck refinancing. Wrong ways to pay for COBRA health.com Healthcare by Craig J. Casey
  9. 9. Mexico? If you can stomach the drugs, corruption and crime, you still might be in trouble. Mexican medical workers might have little medical training. Care in Mexico is often substandard. Years ago, they didn’t release patients until the bill was paid! Wrong ways to pay for COBRA health.com Healthcare by Craig J. Casey
  10. 10. About Me I became interested in finance watching my dad watch Wall St Week with Louis Rukeyser. Years later, I am a dad, husband, wrestling coach, blogger and financial writer. Realizing, you cannot afford to insure against every possible loss, I’ve helped thousands UN-insure themselves, or cut their expenses. Wrong ways to pay for COBRA health.com Healthcare by Craig J. Casey
  11. 11. Connect Twitter.com/InsuranceCobra Facebook.com/Cobrainsurance Youtube.com/COBRAinsurance [email_address] Wrong ways to pay for COBRA health.com Healthcare by Craig J. Casey

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