Do You Understand Your Medical Insurance Explanation Of Benefits Statements?

Posted by Brock | September 17, 2014.

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Image courtesy of Baitong333 at FreeDigitalPhotos.net

“We gotta go to the doctor,” my wife said as she hung up the phone.

The phone call had been from my sister-in-law, who’s family had stayed with us the previous weekend, informing us that their daughter had head lice. We piled the family into the van and quickly drove to our primary care provider, making our way into the office just a few minutes before closing.

The doctor snapped on some rubber gloves and checked us over. We breathed a sigh of relief as she stated she didn’t find anything on us. She did give us a list of things we may want to do just in case we wanted to be extra cautious.

A few weeks later we received in the mail the explanation of benefits statement from our insurance company. I expected it to tell me that our trip to the doctor was covered 100% as a diagnostic office visit.

Instead, it showed a coinsurance due of about $22 for each family member.

Phone call #1:

I called the insurance company, and a very nice lady on the other end of the phone walked me through my explanation of benefits. She showed me the code assigned to our visit, and explained that it meant that we were treated by a physician’s assistant. She went on to tell me that she may be able to help me out. As long as the assistant was working under a physician, it should be coded as a visit to our primary physician, and covered at 100%.


Fantastic Financial Tips For Traveling Abroad

Posted by Clever Dude | September 17, 2014.

Traveling to a distant land is an amazing experience and one you should thoroughly enjoy. Unfortunately, worrying about the financial aspects of the trip has ruined many trips to foreign destinations. Before leaving for your trip, it is important to work out how to handle your financial needs while traveling and make sure that you have a backup plan to fall back on in the event of an unexpected financial issue. Here are some great financial tips to follow if you are planning on traveling abroad.

Schedule Online Bill Payments Before You Leave

While you are traveling through a foreign location, the last thing you want to be thinking about is paying bills at home. To ensure that you do not fall behind on any of your payments while you are gone, use your bank’s online bill payment system to schedule the payment of your bills while you are away. Being proactive and scheduling the bill payments ahead of time ensures that you will not be coming home to shut off utilities and overdue payment notices.

Open A Bank Account For Long Trips


Questions To Ask Before Opening An Offshore Account

Posted by Clever Dude | September 17, 2014.

Opening an offshore bank account is not a decision that should be taken lightly. There are many things that should be considered and questions that should be asked before you trust your money to a bank that is located in another country. Around the world, there are literally millions of banks willing to take your money and many more fraudulent companies hoping that you will choose them instead. Before opening an offshore account, here are some of the most important questions to ask.

Why Do I Need An Offshore Account?

The first question that should be answered is why an offshore account is necessary for you. Having an offshore account is trendy, but that is hardly a reason to endure the expense and inconvenience of having an offshore account. Most of the people that need to have an offshore account are those that work overseas for significant periods of time and need a way to grow their savings in a tax-efficient manner. If you cannot answer this question with a reasonable answer, you may want to reconsider your decision on open an offshore account.

What Type Of Offshore Account Is Best For My Needs?

There are many different types of offshore accounts available to choose from and each of these accounts have features that could cost or save you a large amount of money. The best advice on getting an offshore account is typically given by those who have previous experience with offshore accounts. If you do not have any personal contacts that you can discuss offshore accounts with, consider contacting a financial planner that can answer your questions about the different types of accounts available and help guide you towards the type of account that will be best for you.


Are You Protected Against A Lost or Stolen Cell Phone?

Posted by Brock | September 15, 2014.

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Image courtesy of stockimages at FreeDigitalPhotos.net

I thought I was going to have to drop some serious money last Friday, as I spent most of the morning frantically searching for my lost cell phone. It was frustrating because I know I took it with me to work, and before I noticed I didn’t have it, I visited my office and two other places all physically within 30 feet of each other.

I ripped my office apart, searched the meeting room, and visited my coworker’s office countless times hoping that eventually something would trigger my memory and lead me to a device that had access to my social media accounts, email, and hundreds of pictures. My phone was on silent so calling it to try to locate it by the ringer sound wouldn’t work.

My iPhone using friends added to my frustration by mentioning that iOS has a feature that would locate the phone, and cause the ringer to sound even if the phone was on silent. I searched the internet and found a handful of apps that could be installed on Android phones to accomplish the same thing, but I would have to install one of them proactively.

I thought I was completely out of luck. I searched my wireless provider’s website and found it would cost me over $300 to replace my Galaxy S4. I started thinking about my options including searching for a used phone.


Clever Posts Of The Week – September 12th

Posted by Brock | September 12, 2014.

Well,  my day isn’t off to a very good start – somehow I managed to lose my cell phone at work and it’s on silent so (assuming it wasn’t actually stolen) it’s going to be difficult to find.  Well, at least we have awesome blog posts to read…..

  1. Are Cheeseburgers Worth As Much As Babies? from Money Beagle
  2. 6 Reasons Why Your Neighbors Have More Money Than You from On Better Terms
  3. 6 Things You Need to Know About Making a Will from Modest Money
  4. Stay on track with bringing your lunch to work from Prairie Eco Thrifter
  5. An Early Retirement Story – Part 1 from Messy Money

CleverDude was included in the following carnivals recently:

Brought to you courtesy of Brock

 

 


Back To School And Learning How To Manage Money

Posted by Clever Dude | September 12, 2014.

college-studying

Every year in September, millions of students return to school following the summer break from studying. It is when students get back into the classrooms, return to a regular schedule, work on and learn new skills that will serve a purpose later in life.

The back to school season can be exhilarating as well as exhausting, but the extreme emotions are definitely felt most strongly by college and university students. For many undergrads, post-secondary school is their first experience living on their own, which means all the responsibilities, the headaches, and the expenses that come with independence.

It’s hard to imagine how trying independent living at school can be on the mind, on the body’s health, and especially on the wallet. Everything costs money and as a student, there is little money to spare beyond the bare necessities to keep a roof over the head while attending classes.

Learning how to maintain a budget can also be challenging. There is no go to checklist to teach how to manage money as everyone’s experiences and expenses are unique. But there are some clever money management guides for students that offer helpful advice on living a frugal lifestyle using creative designs.

Some of the most basic tips to save money at school have to do with food. Making meals at home and limiting, if not entirely eliminating the budget for eating out can help keep a little extra money in the bank for emergency purposes.