02:42:40 AM Thursday, April 10, 2008
Medical Credit Cards vs. Expensive Healthcare Services
As the proverb goes, good health is above wealth. But these days staying healthy is nearly impossible without considerable expenses on medical bills. Health is really expensive today. And medical treatment in this country does not grow cheaper year after year. According to the statistics, as compared to the previous year, now Americans spend about $ 1,500 more on medical services.
The thing is, insurance companies shift more and more healthcare expenses on patients. And alongside with all the rest credit card bills, some people just cannot afford going to a doctor. So, what can be the way out? Medical credit cards - that is the solution.
Medical credit cards have been designed specifically for people to pay for medical services. If you cannot cover all medical expenses at once, a medical credit card is just what you need. More and more people tend to use such cards.
Credit cards for health care function like regular credit cards. You are given a credit line to pay for your medical services only. So, you go to a physician, dentist, or any other doctor, but you do not have to pay for the visit or medical treatment right away in cash. The cost of services is attached to you medical credit card bill. And at the end of the month you make a payment. This way you can plan your healthcare budget.
Medical credit cards are especially helpful when you happen to need an emergency medical treatment. Say you woke up suffering from a terrible tooth ache, or you broke your arm. You will need to take a day-off or a sick-list, go to hospital, and undergo some treatment. And this, again will call into play sufficient money expenses. And such spending is totally unexpected, something that you cannot plan out for a year ahead. Even your most profitable cash back card deal is not likely to make it up for such expenses. And a medical credit card in a situation like this can literally save your life and keep your financial standing steady.
Your medical credit line has nothing to do with your regular plastics' lines of credit. You can get an access to your medical credit card' credit line without any harm to your plastics' credit lines.
Reception employees at clinics and hospitals report that the number of medical credit card users has significantly increased over the last years. And though every patient has a medical insurance, it does not cover the overall cost of medical services. That is why more and more patients resort to medical credit cards to be able to pay healthcare bills.
CareCredit cards are among the most popular medical plastics. 7 million patients that used (or keep using) this type of medical credit cards prove it. The statistics shows that dental care and surgeries are the types of medical services that are paid with medical credit cards more often than others. No wonder, these two are one of the most expensive ones.
There is also an advantage of having a credit card for medical services for pet owners. Some of the medical credit card offers enable you to pay for veterinarian's services with the card.
So, maybe it is time for you to think about having a medical credit card in your wallet, next to your 0% APR credit card, or a no annual fee card.
Fransis 12:37 AM, April 11, 2008
I believe that credit cards for health care can really be helpful for people who earns not that much or have large bulls to pay every month. As for some emergency situations - totally agree. you can't predict when you stumble, fall down and break your leg. But personally I, as a rule, pay either with my regular credit cards or in cash.
Joshua 07:13 AM, April 16, 2008
well, i dunno. to me this is a questionable convenience. you get extra payment due dates, extra obligations, extra interest to pay... i used to pay with my regular plastics for health care services.
July 08, 2008
The Federal Reserve recently proposed to take measures in order to eliminate unfair credit card practices performed by credit card companies and banks. The Fed also suggested toughening rules and regulations for lenders. Hidden credit card fees, unreasonable interest rate hikes, unfair charges, aggressive anti-delinquency policy and other abusive credit card practices are promised to be banned.
This would definitely bring a relief to credit card holders. But how will creditors tolerate such a policy? Banks and credit companies still trying to make up for the losses caused by credit crisis and trying to survive in the conditions of economic recession, are upset with such Fed's moves, to put it mildly. But whose prayers - lender' or borrowers' - will be heard by the Fed?
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June 17, 2008
Nothing is certain but death and taxes. This proverb is pretty old and very popular in America. And it is a rather questionable issue - what Americans hate more. Tax time can, probably, be called an antipode to Christmas time so much loved by Americans. It is really unpleasant to give your honest penny earned. It feels like you are being robbed.
Of course, we realize that the tax money goes to good causes. But still it is not easy to give a part of your income with a smile on your face thinking of some nice park-to-be or a smooth new future highway. But now you can get rewarded for paying taxes. You can apply for a credit card with rewards for paying taxes, gilding the pill thus.
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June 06, 2008
Do you know much about Australia? Canberra is its capital. Kylie Minogue, Cate Blanchett, Hugh Jackman, Steve Irwin are the most world-wide famous people born in Australia. Sydney Opera House and Sydney Harbor Bridge are among the most distinctive and beautiful architecture masterpieces of the XXth century. Aussies (informal for Australians) speak English, Australian-English, to be more exact. But did you know that Australia has a highly developed credit card industry? And that Australian overall credit card debt is lower than the one America has?
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