04.01.26 Adjustable Rate Mortgages - A Waning / High Deductible Health Plans
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Show Notes
Adjustable-rate mortgages (ARMs) are booming again, but Clark has a major warning: this "oldie but baddy" could be a financial time bomb. Clark breaks down why banks are pushing ARMs, who they actually work for (a narrow group indeed), and the "reset" risk that could cost you your home. Also, health insurance has become insanely expensive. Many Americans are skipping meals just to pay for healthcare. Clark discusses why catastrophic-only plans are a dangerous gamble and identifies the real culprit behind our skyrocketing medical bills.
- Danger: Adjustable Rate Mortgages: Segment 1
- Ask Clark: Segment 2
- High Deductible Health Plans: Segment 3
- Ask Clark: Segment 4
Mentioned on the show:
- Adjustable-Rate Mortgages Are Popular Again – Here’s Why You Need To Be Careful
- NYTimes: A Third of Americans Have Cut Spending or Borrowed Money for Health Care
- NYTimes: New A.C.A. Plans Could Increase Family Deductibles to $31,000
- What Is an HSA Account and How Does It Work? - Clark Howard
- How to Deal With Medical Debt - Clark Howard
- Will Mark Cuban's Prescription Company Really Save You Money?
- 10 Ways To Save on Prescription Drugs - Clark Howard
Clark.com resources:
- Episode transcripts
- Community.Clark.com / Ask Clark
- Clark.com daily money newsletter
- Consumer Action Center Free Helpline: 636-492-5275
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