How do you pay? Credit card?
Maybe how you pay is based on what the expense is…
How do you pay? Out of that six months of cash for bills you have saved up in the bank? (yeah, not many people I work with have that much money saved up). I think this is more of a lofty goal and it is only worthwhile if you lose your job…unlike if you get sick/injured and cannot work and do not have an income replacement policy (something I believe in, have and suggest to my clients).
This is about the expenses you have to pay just to get the medical treatment for sickness or injury! I do not know about you but my doctors want their co-pay before they even let me check in now a days! (got cash?) Then they still make us wait an eternity out front and then more in the exam room. I am having flash backs to Beetlejuice! (and I am joking, I go to the doctor maybe once a year, show up early, generally go back about on time then I have to wait 15-20 minutes).
How do you pay? Your 401k or Junior’s college fund? Are there penalties or early withdrawal surrender charges? Is there enough money in there to pay your deductible and doctor co-pays and anti nausea medication if you get cancer? Generally, worker’s comp does not cover that (unless you are a Cold War Patriot, thank you for your service and sacrifices).
A health strategy gives you cash…HUH? You do not have to pay the medical bills out of your lifetime of savings? That sounds interesting. So you get cash to keep food on the table, pay the rent/mortgage or even replace your spouse’s lost income because she takes off work to drive you to the doctor’s or to stay home and take care of you?
That is different. Health insurance pays the doctor, hospital, ER, pharmacy, etc. basically everyone but the insured (aka you). And a health strategy gives me money that I can also use to keep my health insurance in force. Just because you get sick does not mean you can quit paying the health insurance.
How do you pay? Borrow money from family and friends?
A particular duck has greatly improved awareness of supplement, also known as indemnity policies, that pay cash to you. The duck only represents one of many companies out there (many of the other companies do not spend so much money on advertising). These are not medical policies or Qualified Health Plans and will not keep you for having a penalty under the Affordable Care Act. BUT it will give you a way to pay your 40% to 10% that you owe under the Metallic plans in 2014!
How do you pay? Good luck going to the bank and asking for a loan when you are not working (no income).
Health insurance does not pay you. But using these plans will (given the proper planning and right injury/illness) give you cash to be able to take time off work, heal up and keep food on the table.
This is what I do, I help people not only make sure there there is health insurance (pay the doctor) but also have a strategy to pay cash to them so they do not have to ask Aunt Mini and Uncle Fester for a loan.
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