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94: Is Putting Medical Bills on a Credit Card a Mistake?
Manage episode 490763125 series 3371673
Medical debt affects over 100 million Americans, but many don't realize the financial consequences of how they choose to pay it. In this episode, Jessica and Brandon break down why using a credit card for medical expenses can turn a manageable bill into long-term financial damage.
You’ll learn:
- The key differences between medical debt and consumer debt—and why it matters
- How credit card payments erase crucial protections for medical bills
- Smarter ways to handle unexpected medical expenses
Whether you're navigating a surprise bill now or planning for future care, this episode equips you with the knowledge to protect your credit, reduce costs, and avoid common traps in the U.S. healthcare system.
Visit prenups.com/sugardaddy to learn more about fair prenups that help couples plan for a healthy financial relationship.
Watch this episode in video form on YouTube
To apply to be a guest on the show
You can email us at: [email protected]
Be sure to connect with us on socials @thesugardaddypodcast we are most active on Instagram
Learn more about Brandon and schedule a free 30-minute introductory call with him
Please remember to subscribe, rate, and review.
Chapters
1. Medical Bills and Credit Card Dangers (00:00:00)
2. Brandon's Achilles Surgery Experience (00:06:39)
3. The Problem with Hospital Payment Plans (00:11:44)
4. Medical Debt vs. Consumer Debt Protections (00:15:46)
5. Reviewing Itemized Bills and Patient Advocacy (00:20:43)
6. Better Options: HSAs, 0% Cards and Planning (00:24:38)
107 episodes
Manage episode 490763125 series 3371673
Medical debt affects over 100 million Americans, but many don't realize the financial consequences of how they choose to pay it. In this episode, Jessica and Brandon break down why using a credit card for medical expenses can turn a manageable bill into long-term financial damage.
You’ll learn:
- The key differences between medical debt and consumer debt—and why it matters
- How credit card payments erase crucial protections for medical bills
- Smarter ways to handle unexpected medical expenses
Whether you're navigating a surprise bill now or planning for future care, this episode equips you with the knowledge to protect your credit, reduce costs, and avoid common traps in the U.S. healthcare system.
Visit prenups.com/sugardaddy to learn more about fair prenups that help couples plan for a healthy financial relationship.
Watch this episode in video form on YouTube
To apply to be a guest on the show
You can email us at: [email protected]
Be sure to connect with us on socials @thesugardaddypodcast we are most active on Instagram
Learn more about Brandon and schedule a free 30-minute introductory call with him
Please remember to subscribe, rate, and review.
Chapters
1. Medical Bills and Credit Card Dangers (00:00:00)
2. Brandon's Achilles Surgery Experience (00:06:39)
3. The Problem with Hospital Payment Plans (00:11:44)
4. Medical Debt vs. Consumer Debt Protections (00:15:46)
5. Reviewing Itemized Bills and Patient Advocacy (00:20:43)
6. Better Options: HSAs, 0% Cards and Planning (00:24:38)
107 episodes
All episodes
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