I really dislike going to the dentist. Before you accuse me of being an anti-dentite (thanks, Jerry Seinfeld) let me say that it’s nothing personal; it’s just that I don’t like sitting in a dental chair while someone I barely know works inside my head with sharp high-speed instruments. Then you get to worry about paying for whatever procedure you experienced.
That started me thinking about methods of paying for dental work (or really, any kind of medical procedure) and I ran across an article by Michelle Andrews on MSNBC.com which warned people about health care credit cards.
“These days, you may leave your dentist’s office with more than a toothbrush and dental floss in your bag. Thousands of dentists are offering patients health-care credit cards to cover the work that needs to be done, with seemingly hard-to-resist repayment terms. If you need care and don’t have insurance to cover it or cash in hand, it’s tempting to sign up.
“But beware: Many of the card companies and some of the practitioners who offer them are under scrutiny for deceptive and sometimes fraudulent practices. Think hard and read the fine print before you sign on the dotted line.
“This month, New York Attorney General Andrew M. Cuomo announced an investigation into the health-care lending industry. The probe grew out of hundreds of complaints received by his office from people who had used the cards for dental work and for elective medical treatments often not covered by insurance, such as cosmetic surgery, chiropractic treatments, Lasik eye surgery and hearing procedures.”
The lesson we can learn is to read the small print and spend carefully.
And yes, UKFCU has a dynamite credit card with low rates.