Your free Podsite trial has expired, but you still have time to upgrade!

Claim your custom domain name todayClaim your domain

Swimming with sharks

27 minutes

Pharma and insurance companies play devious, clever games, competing for dollars. They’re sharks! It’d be fun to track, but they’re eating us alive.


If anyone could beat the sharks at this game, we’d pick Lillian Karabaic, who runs the personal finance show/community called Oh My Dollar! — and is SUPER on-top-of her stuff. 


But Lillian recently got socked with an unexpected $3,000 charge— and expects to lose her very-organized fight against it.

Understanding how Lillian got here — how pretty much any of us could, and how we can start to fight back, together — means understanding the games these big sharks are playing.


Which is exactly what we do in our latest episode, with Lillian’s expert — and often very-funny — guidance. 


This episode goes deep on a shark game called a “copay accumulator” policy. In short, they’re an invention by the insurance industry to make sure only YOUR money counts toward your yearly deductible — not any assistance you may receive from a drug company. 


One thing we learned: Finding out if your insurance plan even includes one of these policies can be extremely tough: Otherwise, Lillian — who did her extremely-good best to check for this very information — wouldn’t have gotten taken by surprise.


We’ve got a little bit of help to offer: Researchers from a nonprofit called The AIDS Institute also researched this question, looking at hundreds of plans across the country. And they developed a tip sheet a tip sheet to help guide their search: How to search online, what questions to ask if the information just isn’t online (which happens).  


More resources:


Here’s a transcript of the episode


Send your stories and questionshttps://armandalegshow.com/contact/ or call 724 ARM-N-LEG


And of course we’d love for you to support this show.


Hosted on Acast. See acast.com/privacy for more information.

More episodes from An Arm and a Leg

The best video about health insurance, ever

A couple months ago, we started getting messages from listeners telling us: you gotta watch this video. 


It’s a thirty minute YouTube video from a creator named Brian David Gilbert, and it’s …

Health insurance post-Roe, and a grassroots network of abortion funds

Since the Supreme Court overturned Roe v. Wade, abortion has been banned in more than a dozen states. As you choose your insurance plan for next year, you might be wondering: How does that …

A listener asks: Could NOT having insurance be a better deal?

It’s open enrollment for 2023 health insurance for lots of folks — a time when you might find yourself asking: what good is health insurance anyway? 


Quick update from Arm and a Leg HQ

Hey there,

You may have noticed, we've been keeping a slower pace for the last few months — publishing every three weeks instead of every two — since Dan recovered from COVID.


And …

California plans to make its own insulin and sell it super-cheap. Really.

This year, the state of California put up $100 million to produce its own insulin, and sell it for cheap. How’s it going to work? (Is it going to …

Congress fixed (a piece of) Medicare. It only took a few decades.

Lots of seniors have to pay thousands of dollars for drugs—even tens of thousands—or do without life-saving medicine. That’s finally going to change. 

How you can listen to this podcast

You can listen to episodes right here on the website, or if you prefer, in a podcast app. Listening in an app makes it easier to keep track of what you’ve already heard, listen without using your data plan and many other conveniences.

Recommended apps
Start listening to Mom vs. Texas
28:53
Start listening to Mom vs. Texas
28:53