January / December #19 : Play Your Cards Right - by Per Larson

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Table of Contents

Cheese and Crackers

Blood from a Stone

A World Drenched in Blood

The Bride Wore White

Life After Ryan

Dream Team

Unmasked Avenger

S.O.S.

Mailbox

Special Delivery

Tattoo Hullabaloo

Dirty Sticks, Dirty Tricks

Best Little U.S. AIDS Hospital

Blow It Dry

Desert Flora Has Anti-HIV Aura

DOT's the Limit

Murder by Member

Milk and Money

Stoned in a Park

By Any Peer Necessary

Obituaries

Dubin's List

Blood Money

Taxi-cum-Pro

If the Birds Come

POZ Picks-December 1996/January 1997

Home of the Brave

POZ Biz-December 1996/January 1997

Tribute-December 1996/January 1997

Patrick Webb's Adventures With Punchinello

Cremation Sensation

Sexual Healing

A Holistic Holiday How-To

Wisdom Out of Africa

And Nary a Drop to Drink

Adding in the Health Factor

Hitting Herpes Hard

Q Tip

Managed Care Joins Death and Taxes

Play Your Cards Right

Raising Hormones

Deadly Cocktails

In the Den

The Dating Game



Most Popular Lessons

The HIV Life Cycle

Shingles

Herpes Simplex Virus

Syphilis & Neurosyphilis

Treatments for Opportunistic Infections (OIs)

What is AIDS & HIV?

Hepatitis & HIV


email print

January / December 1997

Play Your Cards Right

by Per Larson

Credit-card insurance is available to some PWAs

A little-known source of no-questions-asked insurance against bill-paying troubles often sits right on your credit-card invoice, just a checked box away. Many credit-card companies contract with insurers to cover card balances against disability and death. (If it's not offered, ask.) But read the fine print carefully.

"Pre-existing condition" clauses usually apply to credit disability, but not credit life insurance. For disability coverage, you may have to be covered at least six months before disability, and there may be a postdisability waiting period before coverage begins. Check for time limits on coverage; some only pay the minimum balance for one or two years.

The cost can vary by a factor of three. Rates are quotes as X cents per month per $100 of balance due. This looks small but can add up. Consider not using insured cards until disability seems like a possibility, because the premium is charged only if there's a balance. But do use the cards at lease once yearly to keep them active.

To get the disability benefit, most cards require a monthly physician's report. Some doctors object; others charge a fee. It's a hassle in any case.

Many creditors will simply drop moderate-size balances when notified of permanent disability. Most states prohibit creditors' attachment of disability income-but not of bank accounts. So it's wise to keep very little on deposit. But be aware that if you do get your balance expunged, your credit record will take a hit.



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