| Editor's Note: My good friend Marc Lichtenfeld, the Chief Income Strategist at The Oxford Club, has an urgent message for investors... In today's article, he's telling readers all about four easy ways to save on healthcare costs. Plus, he's spotted an opportunity in the healthcare sector that's so compelling that he's recorded an urgent message for Trade of the Day readers. Tune in here, and you'll see why he's giving away the ticker symbol of the company behind this miracle drug... for free! But I must warn you... do NOT hesitate. Marc is positioning himself and his readers for a major catalyst that should boost the stock on September 6. Here's what you need to know to position yourself for a potential windfall. - Ryan Fitzwater, Publisher
Marc Lichtenfeld, Chief Income Strategist, The Oxford Club "You need to pay $500 today," the voice on the phone demanded. It was 7:30 in the morning. I was in a hospital room with my 6-year-old son. He'd just been admitted after spending all night in the emergency room. I was exhausted, stressed and not thrilled about having to deal with a financial transaction. I told the woman from the billing department that the hospital had my insurance information, and I would pay anything that wasn't covered after the bill was submitted to my insurer. She insisted I had to pay a $500 deposit immediately. "Are you going to throw my son out of the hospital if I don't pay you $500 today?" I snapped, already knowing the answer to the question. After a long pause, she said no. "Then bill my insurance company," I said as I hung up. It wasn't the last time I battled a healthcare worker over money they said I had to pay. Recently, the receptionist at my doctor's office told me I had to pay $471.25 for a 10-minute visit. I told her to bill my insurance company, and I'd pay anything I owed after that. While we bickered, she fiddled on her computer. After a few minutes, she exclaimed, "Oh, it looks like you don't owe anything. Your insurance will cover it all." Getting healthcare treatment for yourself or a loved one is stressful. Complicated costs and insurance policies make it even more so. Had I given in and paid the hospital or the doctor when I didn't need to, I would have had to wait for a refund from my insurance company. At best, it would have been processed automatically - though the payment would have taken months to arrive. At worst, I would have had to keep track of all of the paperwork and contact my insurer myself. Copays are due at the time services are rendered. But any other charge should be billed to you or, if you have insurance, to your insurance company. | 
Post a Comment
Post a Comment