Top 3 Reasons To Think Twice About Medical Savings Cards

By Keyes McCain

As health care premiums continue on an ascending climb, more and more Americans are looking toward other forms healthcare savings programs. One of these is the medical savings card plans.

There are many card plans on the market today, and it is very important to distinguish the legitimate card plans from the fraudulent ones. Medical savings cards are certainly not insurance programs. They only provide discounts on medical services. Any medical professional who accepts these savings cards can - and should give you - a discount.

And while medical discount cards are cheaper than a typical medical care insurance programs, you should keep these things in mind:

1. A medical savings card is not an insurance program, and thus fewer consumer protections exist for your. State insurance departments do not regulate the companies that sell these cards.
2. A medical saving card does not pay out any claims. Rather, cardholders are required to pay for medical services at the time that they receive them. Thus, even if you get a discount, you would still have to pay thousands of dollars if you are hospitalized.
3. America is rife with agents and advertisements that pitch "co-payments" or "premiums" to make their savings plans pass off as insurance. Don't get pressured into a decision by any sales agent and instead ask the true nature of what he or she is selling. You should also know that some insurance carriers offer savings cards to its members, so it bears to check that one out.

Most people are driven to medical discount cards because of their pre-existing conditions, with disastrous results. The truth is, with a little diligence and research (actually, diligence in researching), there are actually guaranteed issue health insurance plans that cover pre-existing conditions after a waiting period or if you have previous health insurance coverage creditable under the Health Insurance Portability and Accountability Act of 1996.

Visit http://www.guaranteed-issue-health-insurance.com for more information.