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Just when you think you've seen it all. Can you believe credit cards you can only use within your healthcare network or perhaps only at a specific doctor's office.
http://www.star-telegram.com/business/story/284338.html
As the price of healthcare keeps rising, health insurers are offering cash-strapped consumers a new way to pay their bills -- credit cards that only can be used for medical expenses.
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the health cards often come with fees and high interest rates after the grace period for payment is over.
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The HumanaAdvance card, with a $96 annual fee, will be promoted to all employees of companies that offer a high-deductible consumer-driven health plan, even workers who don't have Humana coverage.
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Humana, Aetna and UnitedHealthcare are apparently three who are issuing such cards.
Now, you can pay it back interest free over 6 months via payroll deduction. For that alone, I'm interested. I have coverage through United. Coupled with my medical FSA account, this can help me.
But this is fire that can burn you. And it's new so people might not be fully up to speed on it and they just sign without reading.