In recent years, as medical health costs rise it has been found that credit cards are being used more and more to cover the costs associated with medical treatments. This is having a major impact on the credit ratings of patients who wind up having expensive medical procedures and discover only after the fact that their medical insurance coverage did not look after the bill.
Just about every one realizes that a medical emergency can happen to any one at any time. Most people wishing to mitigate the risk of a medical problem causing financial crises invest in health insurance. This insurance is supposed to come into play during an illness and cover the costs of treatment. What people may not realize is that this coverage is not always paid when it is supposed to be. When this occurs the medical services provider will often demand payment directly from the patient.
Most people want to keep their doctors happy and pay these bills using their credit card. They are in fact using their credit card as an emergency form of insurance. Credit cards are designed for convenience not for economy. By suddenly placing these huge charges on the credit card the consumer is...
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