![Wealthy Retirement](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_swmi8iGs-AFfsO4sogZjkHy33fFB9vsKJmIuR2PGWVSXuOkBnK-yHMaR9dnwZJxzkKQRLnLAlCQwz5Kyqw0ffFxw_grMr1iH_n4xky4V7wvnaegBPATlw7_xpUgjqNlbL1EZRXLeJOmLmuFYEzweieBG-v=s0-d) | Think Twice Before Handing Healthcare Providers a Blank Check | Steve McDonald, Bond Strategist, The Oxford Club | Do You Own ANY 5G Stocks? CNN calls 5G "the lifeblood of the new economy." If you don't invest now, you'll regret it later. Click here for details on the top 5G stock... | | The number of people over the age of 65 declaring bankruptcy is up by more than 200% since 1995. And healthcare costs are listed as one of the primary reasons for the big increase in that number. Based on an experience I had recently with a local hospital, I'm surprised more people aren't going belly up. My birthday is in September, and I usually schedule all of my annual medical checkups around it. This year's rounds included a trip to a cardiologist. | | Question of the Week | | While working, how much of your income did you (or do you) allocate to savings each month?
Click here to answer. | | My visit to the heart specialist was preventative in nature. High cholesterol runs in my family, and mine has been a little high most of my adult life. I wanted to be certain that, despite my high bad cholesterol numbers, my arteries were clear. We did an EKG and the usual blood tests, which were actually good for a change, and I asked the doctor if he felt it was necessary to do a stress test. I hadn't had one since I was 50. The cardiologist explained to me that because I did not have a history of heart disease or heart attacks, the insurance company would not pay for a stress test and the total cost would run into thousands of dollars. What he did recommend was a CT scan that would measure any calcium buildup in my arteries. But he assured me my insurance would not pay for that either. His nurse informed me it was about a $300 procedure, and I said if the doctor thought it was necessary I would pay for it out of pocket. He did, and the appointment was scheduled. As I was leaving the office, the office manager told me to be certain to speak to the billing department at the hospital before I went in for the procedure to make certain of the total cost. It seems some of their patients came out of the scan and were handed bills in the area of $2,000. That wasn't going to happen to me. So the next day, I got on the phone with the billing department at the local hospital to nail down the costs. That was Thursday. The following Tuesday, I still couldn't get anybody to tell me what the total number would be. | | Get Bill O'Reilly's Latest & Greatest! Neither pro-Trump nor anti-Trump... "This is a history book," 15-time bestselling author Bill O'Reilly says. It's the historic, gripping account of the life of a sitting president. Take it from Bill... "If you want some insight into the most unlikely political phenomenon of our lifetime, you'll get it here." $28 online... or FREE HERE. | | What I could get out of them was that the scan would cost around $300... But there would also be bills for the doctor in attendance, lab tests and a reading by a radiologist. The problem was no one knew who the radiologist would be or what his services would cost - or whether there would be a doctor in attendance and what he or she would cost. And no one - no one - had any idea what the lab fees would be. It became abundantly clear how a $300 procedure could add up to $2,000. "So," I said to the people on the phone (all 10 or 15 I spoke to trying to get answers), "you essentially want a blank check. Is that correct?" And the answer was always the same. "Your insurance will take care of it." "No," I explained again and again, "insurance will not cover it. That's why I'm trying to figure out what this is going to cost." If you know anything about me, you already know I canceled the appointment for the CT scan. As I told a judge once in court for a traffic violation, "I'm short, not stupid." Nobody's getting a blank check from me. Eventually, I know I will get a firm number and I will have the procedure done. But it won't be on the hospital's terms. Our health has to come first, but we also need to ask questions before handing out blank checks for medical care. Based on my experience, I wish you luck getting a firm number - you're going to need it. Between increasing medical costs, lower incomes, fewer pensions, and the copays, deductibles and unlimited out-of-pocket costs associated with Medicare, we're in a real pickle. Make sure you take care of yourself first. Good investing, Steve | | | | 101 Easy Ways to Generate a Lifetime of Income
No matter your age or net worth, you can have the kind of retirement you want and deserve!
"The Best Damn Book of Retirement Secrets" is the newest release from national bestselling author Marc Lichtenfeld... and it's chock-full of 101 proven strategies for getting every retirement advantage you need for the retirement of your dreams.
We're giving away 500 FREE COPIES today. >>CLICK HERE TO CLAIM YOUR FREE COPY<< | | - More From Wealthy Retirement - | | | | | | Do you own gold? Somebody just decided to buy a lot of it... And I think I know why. Click here for details on a brand-new way to invest in gold. | | | |
No comments:
Post a Comment