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ONE WEEK TO MARDI GRAS CARNIVALS

February 28, 2006

I'm late in noting this week's editions of the Carnival of Personal Finance and the Carnival of the Capitalists.

One highlight of The Personal Finance fest is "Uncle Bill's" avuncular discussion of how a little aftermarket work on the old car can help you get over the urge to spend a lot of money on a new one. Lots of other good posts on personal finance basics.

This week's Capitalists Carnival is hosted at the Omaha-based Ideologic LLC blog. It includes Insure Blog's post on "The Cost of Care," which is worth visiting for this observation alone:

Many who have not used their health insurance other than for minor illness or accident fail to see the other side of the equation. It always amazes me when I ask a prospective client what kind of benefits they would like, the response almost invariably goes like this. They want a low copay for doctor visits and meds. They want to be able to have an annual physical at little or no cost to them. Beyond that (they profess) they really don’t need health insurance since they never get sick.

My contention is, they really don’t need health insurance for routine things like doctor visits for mundane afflictions or even for most meds. Instead, what they need is catastrophic coverage, such as is found in the HDHP/HSA combination.

Amen, Brother Hank!

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