1 00:00:05,120 --> 00:00:07,400 Speaker 1: Welcome to Money Making Conversations. It's to show that she 2 00:00:07,520 --> 00:00:10,200 Speaker 1: is the secrets of success experience firsthand by Marketing and 3 00:00:10,280 --> 00:00:13,200 Speaker 1: Brandon expert Rashan McDonald. I will know he's giving me 4 00:00:13,240 --> 00:00:15,760 Speaker 1: advice on many occasions. And in case you didn't notice, 5 00:00:15,960 --> 00:00:16,760 Speaker 1: I'm not broke. 6 00:00:17,320 --> 00:00:17,560 Speaker 2: You know. 7 00:00:17,640 --> 00:00:21,200 Speaker 1: He'll be interviewing with celebrity CEOs, entrepreneurs and industry decision 8 00:00:21,239 --> 00:00:23,119 Speaker 1: make because it's what he likes to do, it's what 9 00:00:23,200 --> 00:00:25,600 Speaker 1: he likes to share. Now it's time to hear from 10 00:00:25,640 --> 00:00:28,840 Speaker 1: my man, Rashan McDonald. Money Making Conversations. 11 00:00:29,080 --> 00:00:29,520 Speaker 2: Here we go. 12 00:00:30,480 --> 00:00:34,000 Speaker 3: Wow, Welcome, I'm your host, Rashan McDonald. Welcome to the 13 00:00:34,000 --> 00:00:35,440 Speaker 3: Money Making Conversations massacrelists. 14 00:00:35,520 --> 00:00:37,760 Speaker 2: Every week we talk about success stories. 15 00:00:37,800 --> 00:00:40,879 Speaker 3: We talk about providing information with you to you for 16 00:00:41,040 --> 00:00:44,559 Speaker 3: your opportunity to achieve. You know, dreams that you have 17 00:00:44,640 --> 00:00:47,440 Speaker 3: out there. Interviews and information for this show is for everyone. 18 00:00:47,600 --> 00:00:49,800 Speaker 3: It's time to stop reading other people's success stories to 19 00:00:49,880 --> 00:00:52,840 Speaker 3: start living your own. This weekend, I have great news 20 00:00:52,840 --> 00:00:55,560 Speaker 3: to share with everybody. I'm being honored at the twenty 21 00:00:55,640 --> 00:00:59,880 Speaker 3: twenty three Kings and Priests Men's Empowerment Summit and Atlanta Joy. 22 00:01:00,480 --> 00:01:04,120 Speaker 3: So if you're in Atlanta, Georgia, this weekend. Please consider 23 00:01:04,200 --> 00:01:08,000 Speaker 3: this event men men Calling all men. The summer central 24 00:01:08,040 --> 00:01:10,480 Speaker 3: theme is to help men live their best lives in 25 00:01:10,560 --> 00:01:15,440 Speaker 3: every aspect mentally, spiritually, physically, and emotionally. The guest speaker 26 00:01:15,480 --> 00:01:19,760 Speaker 3: will be Less Brown. The tickets are complimentary. You hear 27 00:01:19,840 --> 00:01:23,280 Speaker 3: that again. Complimentary. To view the twenty twenty three Kings 28 00:01:23,319 --> 00:01:27,840 Speaker 3: and Men's Empowerment Summit schedule of events and registration, visit 29 00:01:28,280 --> 00:01:34,000 Speaker 3: ww dot Kingsinc. Dot com. That's ww dot Kingsinc. Dot com. 30 00:01:34,000 --> 00:01:34,319 Speaker 2: Again. 31 00:01:34,720 --> 00:01:37,039 Speaker 3: I'm so thankful that they reached out to me and 32 00:01:37,040 --> 00:01:38,600 Speaker 3: then said they wanted to arm to me. It will 33 00:01:38,640 --> 00:01:41,560 Speaker 3: be this weekend. I appreciate that, and anybody who attends, 34 00:01:41,640 --> 00:01:43,760 Speaker 3: I appreciate it. Give your shout out, come up here 35 00:01:43,760 --> 00:01:46,039 Speaker 3: and talk to me. Take a selfie together. My guest 36 00:01:46,160 --> 00:01:49,720 Speaker 3: is on the phone. This is about insurance. Everybody something 37 00:01:49,760 --> 00:01:55,000 Speaker 3: I deal with. I have employees. Uh, my wife handles that. 38 00:01:55,640 --> 00:01:58,120 Speaker 3: I can't handle that. But I got somebody on the 39 00:01:58,120 --> 00:02:00,440 Speaker 3: phone who's been doing this for a long time, Doctor 40 00:02:00,440 --> 00:02:04,680 Speaker 3: Fergie Bright Ellington. If what I said her name right, 41 00:02:04,680 --> 00:02:07,200 Speaker 3: If not, you're will correct me. She is an internal 42 00:02:07,240 --> 00:02:10,920 Speaker 3: medicine physician and medical billing expert. After practicing more than 43 00:02:10,960 --> 00:02:14,600 Speaker 3: twenty years in primary care and psychiatric settings. As a 44 00:02:14,639 --> 00:02:20,880 Speaker 3: health insurance executive, doctor Fergie now helps patients understand complex 45 00:02:20,919 --> 00:02:25,040 Speaker 3: medical procedures, communicates effectively with their health care providers, and 46 00:02:25,080 --> 00:02:29,280 Speaker 3: avoid financial devastation from crushing medical bills through her What 47 00:02:29,440 --> 00:02:32,040 Speaker 3: Your Doctor Wants You to Know series. It's a podcast 48 00:02:32,080 --> 00:02:34,760 Speaker 3: series available on all the platform. Please welcome to the 49 00:02:34,800 --> 00:02:39,280 Speaker 3: Money Making Conversation Masterclass, Doctor Fergie Bright Ellington. Does I 50 00:02:39,320 --> 00:02:40,840 Speaker 3: say your name corrected? Doctor Ellington? 51 00:02:42,040 --> 00:02:44,280 Speaker 4: Rashwan, thank you so much for having me. I just 52 00:02:44,320 --> 00:02:47,240 Speaker 4: have to tell you get five stars gold stars for 53 00:02:47,320 --> 00:02:48,680 Speaker 4: the day. You said it perfectly. 54 00:02:48,800 --> 00:02:50,200 Speaker 2: Oh good, good, good good. 55 00:02:50,440 --> 00:02:52,360 Speaker 3: You know, just just want to get the show started 56 00:02:52,400 --> 00:02:56,040 Speaker 3: out write you know, because my name is Rashan. I 57 00:02:56,120 --> 00:02:58,359 Speaker 3: was doing a pa zoom called guys at Russian? 58 00:02:58,360 --> 00:03:00,280 Speaker 2: How you doing? I go, excuse me, sir A name 59 00:03:00,360 --> 00:03:03,680 Speaker 2: for Sean. So I'm very. 60 00:03:05,360 --> 00:03:05,560 Speaker 4: You know. 61 00:03:06,840 --> 00:03:08,400 Speaker 3: You know the reason I've been trying to get you 62 00:03:08,440 --> 00:03:11,400 Speaker 3: on this call for a long time because I respect 63 00:03:11,400 --> 00:03:15,000 Speaker 3: what you do and what you do uh and is 64 00:03:15,120 --> 00:03:19,080 Speaker 3: impacting people on a daily basis various age groups. 65 00:03:19,560 --> 00:03:21,160 Speaker 2: Now I have of now own. 66 00:03:21,080 --> 00:03:25,160 Speaker 3: Medicare Okay, so life, I go in the drug store 67 00:03:25,240 --> 00:03:29,640 Speaker 3: and my medicine's basically complimentary. Uh, and so I just 68 00:03:29,680 --> 00:03:32,919 Speaker 3: pay a nominal fee monthly for my medical services. That's 69 00:03:33,000 --> 00:03:36,320 Speaker 3: what's available to me. Now I feel good about myself. 70 00:03:36,840 --> 00:03:40,200 Speaker 3: Tell us about the medical industry in general, and what 71 00:03:40,400 --> 00:03:43,400 Speaker 3: is your purpose as to why you're so focused on 72 00:03:43,440 --> 00:03:45,640 Speaker 3: getting it right for all of us. 73 00:03:47,480 --> 00:03:51,080 Speaker 4: So that's something I thank you for pointing out the 74 00:03:51,160 --> 00:03:55,320 Speaker 4: issues for Sean, and that at the very beginning you said, 75 00:03:55,360 --> 00:03:57,640 Speaker 4: you know, we're going to talk about insurance, and actually 76 00:03:57,720 --> 00:04:00,720 Speaker 4: we're going to talk about what if you can't afford 77 00:04:00,800 --> 00:04:03,280 Speaker 4: insurance right and there are things you can do, and 78 00:04:03,440 --> 00:04:05,680 Speaker 4: I don't want you to go what I call it, 79 00:04:05,720 --> 00:04:08,400 Speaker 4: don't go pair pass, don't go without insurance. That's the 80 00:04:08,480 --> 00:04:11,280 Speaker 4: number one thing people in their twenties and thirties can 81 00:04:11,320 --> 00:04:15,200 Speaker 4: do to destroy their financial future. And to your point, yeah, 82 00:04:15,240 --> 00:04:18,359 Speaker 4: you're like, now i'm Medicare age, I can I'm pretty 83 00:04:18,440 --> 00:04:21,320 Speaker 4: much covered well. I teach people how to get Medicare 84 00:04:21,400 --> 00:04:24,480 Speaker 4: prices so they don't get bankrupt, they don't become among 85 00:04:25,240 --> 00:04:28,560 Speaker 4: America's number one cause of debt and bankruptcy. They don't 86 00:04:28,560 --> 00:04:32,760 Speaker 4: become a victim of the US healthcare cost system. It 87 00:04:32,880 --> 00:04:36,120 Speaker 4: become basically what I call it, American healthcare cost Victim. 88 00:04:35,920 --> 00:04:39,279 Speaker 3: Rickon, Now, let me ask you this because we know 89 00:04:39,800 --> 00:04:42,240 Speaker 3: because like I said, we are talking about it. 90 00:04:42,839 --> 00:04:44,559 Speaker 2: It's a slice of life out there. There are people 91 00:04:44,560 --> 00:04:45,120 Speaker 2: out there. 92 00:04:44,920 --> 00:04:48,520 Speaker 3: Who are young, who think they're just naturally going to 93 00:04:48,600 --> 00:04:49,840 Speaker 3: be healthy all their lives. 94 00:04:49,839 --> 00:04:53,120 Speaker 2: They don't. They might get a cold right right there. 95 00:04:53,400 --> 00:04:55,960 Speaker 2: I was there, I was there. You know who needs insurance? 96 00:04:55,960 --> 00:04:57,919 Speaker 3: You know, you put off what you need because you 97 00:04:57,920 --> 00:05:00,160 Speaker 3: don't think you need it till it happens, and then 98 00:05:00,200 --> 00:05:03,120 Speaker 3: all of a sudden disaster strikes. Walk us through the 99 00:05:03,200 --> 00:05:07,120 Speaker 3: steps because you know, doctor Ellington, you know we have 100 00:05:07,240 --> 00:05:09,320 Speaker 3: the twenties, we have the thirties, We are the forties, 101 00:05:09,320 --> 00:05:12,839 Speaker 3: fifties and sixties and up. Are there different attitudes in 102 00:05:12,920 --> 00:05:15,800 Speaker 3: each age group that we should be aware. 103 00:05:15,440 --> 00:05:19,720 Speaker 4: Of, Yes, sir, and you said it. The people you know, 104 00:05:19,720 --> 00:05:21,839 Speaker 4: when we're young and beautiful and healthy and hot and 105 00:05:21,920 --> 00:05:24,760 Speaker 4: doing it, you know, in our twenties and thirties and forties, 106 00:05:24,839 --> 00:05:28,000 Speaker 4: right and even you know, fifty is the new thirty five, right. 107 00:05:29,480 --> 00:05:32,240 Speaker 4: I think that we're invincible still and we're willing to 108 00:05:32,440 --> 00:05:34,680 Speaker 4: We're like, well, I don't have any health problems. I 109 00:05:34,880 --> 00:05:38,159 Speaker 4: exercise every day, I bike. I'm a bike as honor. 110 00:05:38,800 --> 00:05:42,320 Speaker 4: I am just invincible, right, yeah, right, you know, the 111 00:05:42,520 --> 00:05:45,560 Speaker 4: chances are not going to happen to me. So this 112 00:05:45,640 --> 00:05:50,000 Speaker 4: is the thing. Life happens. And most Americans and even 113 00:05:50,080 --> 00:05:53,960 Speaker 4: those of us with great health insurance, are just one 114 00:05:54,360 --> 00:05:58,440 Speaker 4: accident or illness away from a lifetime of debt or worse. 115 00:05:59,000 --> 00:06:01,200 Speaker 4: And so yeah, you know, we eventually, if you're a 116 00:06:01,240 --> 00:06:04,600 Speaker 4: serious biker, eventually you're going to get in an accident 117 00:06:04,600 --> 00:06:07,479 Speaker 4: where you get hit by a car that's not your fault, right, 118 00:06:07,560 --> 00:06:09,320 Speaker 4: you know, you just you know, they don't see you 119 00:06:09,360 --> 00:06:12,880 Speaker 4: in that kind of thing. And there you go, there 120 00:06:12,920 --> 00:06:17,039 Speaker 4: you go, and you're you're facing debt that will ruin. Essentially, 121 00:06:17,080 --> 00:06:18,480 Speaker 4: you're well, himp me out with. 122 00:06:18,440 --> 00:06:22,600 Speaker 3: That doctor Allington because because you know, because I think 123 00:06:22,640 --> 00:06:24,599 Speaker 3: I got insurance. I'm not saying me in particular, I 124 00:06:24,600 --> 00:06:28,400 Speaker 3: got great health insurance, but wouldn't. And but you turn 125 00:06:28,440 --> 00:06:30,680 Speaker 3: around and say, I'm not questioning you. I just want 126 00:06:30,680 --> 00:06:33,640 Speaker 3: to explain this to my audience. But you, even with 127 00:06:33,720 --> 00:06:37,400 Speaker 3: great health insurance, you steal just one injury or illness 128 00:06:37,400 --> 00:06:40,240 Speaker 3: away from a lifetime of death. Explain that even though 129 00:06:40,279 --> 00:06:41,360 Speaker 3: you have great health. 130 00:06:41,080 --> 00:06:45,400 Speaker 4: Insurance, and that's because there are a couple of reasons 131 00:06:45,440 --> 00:06:49,320 Speaker 4: for that. Rashan. If you have insurance, you every year 132 00:06:50,120 --> 00:06:52,599 Speaker 4: January one, the clock starts over. You have what's called 133 00:06:52,600 --> 00:06:55,719 Speaker 4: the deductible, which means that you don't have insurance until 134 00:06:55,720 --> 00:06:59,640 Speaker 4: you meet that magic number, and that's only what the 135 00:06:59,680 --> 00:07:03,560 Speaker 4: insurance agrees to cover. They're like, hey, yeah, I know 136 00:07:03,640 --> 00:07:06,400 Speaker 4: that you paid thirty five hundred dollars for this procedure, 137 00:07:06,480 --> 00:07:08,760 Speaker 4: but we don't think it's medically necessary, so that's not 138 00:07:08,800 --> 00:07:11,920 Speaker 4: going to contribute. That does not count towards your deductible. 139 00:07:12,720 --> 00:07:15,720 Speaker 4: So god for that. You are in a bike accident 140 00:07:15,720 --> 00:07:19,440 Speaker 4: on December thirty first, and you boost the emergency room 141 00:07:19,720 --> 00:07:22,040 Speaker 4: and they're like, you know what, you're going to have 142 00:07:22,160 --> 00:07:25,840 Speaker 4: to get hip surgery, emergency surgery first, then tomorrow or 143 00:07:25,880 --> 00:07:30,320 Speaker 4: the next business day, which is January second, and boom 144 00:07:30,840 --> 00:07:35,360 Speaker 4: that big expensive emergency room visit and procedures and everything. 145 00:07:36,000 --> 00:07:39,400 Speaker 4: That is great for December until December thirty first, but 146 00:07:39,480 --> 00:07:42,680 Speaker 4: you're uninsured as of January one with all of the 147 00:07:42,760 --> 00:07:46,280 Speaker 4: surgeries that you're going to need. That's the issue. Wow, 148 00:07:46,320 --> 00:07:48,920 Speaker 4: that's why both those of us, even with great health insurance. 149 00:07:48,920 --> 00:07:52,880 Speaker 4: It just takes from one serious injury or accident or 150 00:07:52,960 --> 00:07:56,600 Speaker 4: serious illness diagnoses away from a lifetime of debt. October 151 00:07:56,760 --> 00:08:00,880 Speaker 4: is breast cancer Awareness months. Life happens. And even if 152 00:08:00,920 --> 00:08:04,640 Speaker 4: you don't have a family history of certain diseases, serious diseases, 153 00:08:04,960 --> 00:08:08,160 Speaker 4: it just takes one diagnosis and that's that your financial 154 00:08:08,200 --> 00:08:09,200 Speaker 4: future is ruined. 155 00:08:09,680 --> 00:08:11,040 Speaker 3: Let me ask you this because I'm trying to get 156 00:08:11,040 --> 00:08:13,800 Speaker 3: that clock because you said something that I never thought about. 157 00:08:13,880 --> 00:08:18,440 Speaker 3: So so, for instance, because you said rashan January first, 158 00:08:18,800 --> 00:08:20,760 Speaker 3: it starts all over again. In other words, if you 159 00:08:20,840 --> 00:08:25,640 Speaker 3: met all your deductibles and everything, and then your insurance 160 00:08:25,720 --> 00:08:31,360 Speaker 3: is now covering your hospital bills, the income, January one, 161 00:08:31,560 --> 00:08:33,920 Speaker 3: it starts all over again. So you're saying that it 162 00:08:33,960 --> 00:08:37,560 Speaker 3: doesn't carry over. That's what you're saying. Come January one, 163 00:08:37,840 --> 00:08:40,640 Speaker 3: you're back to square one on meeting your deductible again. 164 00:08:41,760 --> 00:08:44,439 Speaker 4: That's right. Every January one, it starts at the clock 165 00:08:44,520 --> 00:08:46,559 Speaker 4: starts all over. So you could have spent one hundred 166 00:08:46,559 --> 00:08:52,400 Speaker 4: thousand dollars in a serious surgery, emergency surgery with complications 167 00:08:52,440 --> 00:08:55,000 Speaker 4: and God forbid ICU time and that kind of thing. 168 00:08:55,320 --> 00:08:58,360 Speaker 4: Right December thirty first, and the clock starts all over 169 00:08:58,440 --> 00:09:00,199 Speaker 4: again January one. 170 00:09:00,720 --> 00:09:02,280 Speaker 2: Wow. Wow. 171 00:09:02,520 --> 00:09:06,160 Speaker 3: That I'm gonna just tell you, I just assume I'm 172 00:09:06,200 --> 00:09:09,520 Speaker 3: just like anybody else. I'm assuming who's listening to this interview, 173 00:09:10,080 --> 00:09:12,319 Speaker 3: is that I'm covering. I'm covered. That's why I pay 174 00:09:12,400 --> 00:09:15,840 Speaker 3: this monthly bill once I hit my deductible, and that 175 00:09:15,960 --> 00:09:18,120 Speaker 3: I understand you. I understand what you're saying because I've 176 00:09:18,120 --> 00:09:20,640 Speaker 3: spent thirty days in the hospital, you know, and I'm 177 00:09:20,640 --> 00:09:22,280 Speaker 3: not bragging on that. I was in the hospital for 178 00:09:22,320 --> 00:09:26,080 Speaker 3: thirty days my lung collapsed. So I know about, you know, 179 00:09:26,320 --> 00:09:30,839 Speaker 3: extensive medical bills and what the hospitals cover. And also 180 00:09:31,600 --> 00:09:37,360 Speaker 3: I've also had a gallbladder surgery. I've had thyroid cancer surgery. 181 00:09:37,520 --> 00:09:40,120 Speaker 3: So your boy been in the hospital a little bit, okay, 182 00:09:40,360 --> 00:09:44,840 Speaker 3: And so I understand the processes of bills and also 183 00:09:45,440 --> 00:09:49,280 Speaker 3: the need for or the proper health plans. If you 184 00:09:49,400 --> 00:09:52,120 Speaker 3: don't and you can't afford health insurance for you or 185 00:09:52,160 --> 00:09:53,800 Speaker 3: your family, what do you do? 186 00:09:55,679 --> 00:09:58,240 Speaker 4: Thank you for asking that. That's a big deal. So 187 00:09:58,640 --> 00:10:02,720 Speaker 4: the insurance premium are so expensive, and even with the ACA, 188 00:10:02,880 --> 00:10:05,560 Speaker 4: the Affordable Care after what folks call Obamacare or the 189 00:10:05,600 --> 00:10:09,880 Speaker 4: federal marketplace, even with the subdies that you get if 190 00:10:09,880 --> 00:10:13,720 Speaker 4: you meet a certain income level, it's not affordable for 191 00:10:14,040 --> 00:10:17,360 Speaker 4: many of us. So I talk about this issue for 192 00:10:17,400 --> 00:10:20,439 Speaker 4: this reason, especially in this gig economy. And thank you 193 00:10:20,480 --> 00:10:22,480 Speaker 4: for Rasham much you do in terms of teaching folks 194 00:10:22,559 --> 00:10:26,680 Speaker 4: how to be in our community, how to be self employed, essentially, 195 00:10:26,760 --> 00:10:31,440 Speaker 4: how to have our own businesses, because that's the path 196 00:10:31,559 --> 00:10:34,520 Speaker 4: to real wealth and generational wealth, not being a high 197 00:10:34,600 --> 00:10:38,160 Speaker 4: state employee. Right. But people can't afford to quit their 198 00:10:38,240 --> 00:10:41,800 Speaker 4: jobs because they can't afford to have insurance outside or 199 00:10:41,840 --> 00:10:45,439 Speaker 4: pay for those big monthly premiums outside of their employers, 200 00:10:45,800 --> 00:10:48,480 Speaker 4: or they can't afford they looked into it. They're getting 201 00:10:48,520 --> 00:10:51,400 Speaker 4: ready to hang out their shingle. They want to do this, 202 00:10:51,520 --> 00:10:53,679 Speaker 4: quit their job and work in their business full time, 203 00:10:54,160 --> 00:10:55,440 Speaker 4: but they're looking at pricing. 204 00:10:55,480 --> 00:10:55,720 Speaker 1: Well. 205 00:10:56,040 --> 00:11:00,320 Speaker 4: Health insurance even with the federal marketplace or Obamacare, I 206 00:11:00,360 --> 00:11:02,160 Speaker 4: can't afford it. So this is what you're going to do. 207 00:11:03,040 --> 00:11:07,160 Speaker 4: First of all, remember what insurance is for insurances to 208 00:11:07,360 --> 00:11:12,360 Speaker 4: protect you from the risk of a cost that you 209 00:11:12,559 --> 00:11:17,240 Speaker 4: cannot afford. So homeowners insurance right when you have until 210 00:11:17,240 --> 00:11:19,679 Speaker 4: you pay off that mortgage, you're required to have homeowners 211 00:11:19,760 --> 00:11:24,960 Speaker 4: insurance because the God forbid the house catches fire, you 212 00:11:25,000 --> 00:11:27,640 Speaker 4: can't afford to replace that house or rebuild that house. 213 00:11:28,160 --> 00:11:32,000 Speaker 4: Car insurance. You have to have car insurance because by 214 00:11:32,080 --> 00:11:33,960 Speaker 4: state law, even if you have the car paid off 215 00:11:34,000 --> 00:11:35,520 Speaker 4: and you own the car, you still have to have 216 00:11:36,720 --> 00:11:40,800 Speaker 4: car insurance because what if you hurt someone in an accident. 217 00:11:40,920 --> 00:11:44,560 Speaker 4: An accident happens, rather you're told that you're to blame 218 00:11:44,600 --> 00:11:48,160 Speaker 4: for the car accident. There's the other person's health, build 219 00:11:48,440 --> 00:11:51,520 Speaker 4: their medical bills and that kind of thing, and that 220 00:11:51,720 --> 00:11:54,360 Speaker 4: is really prohibitive. Right We're talking about medical bills, so 221 00:11:54,480 --> 00:11:57,800 Speaker 4: that's expensive. You can't afford it to just pay. Most 222 00:11:57,840 --> 00:12:00,199 Speaker 4: of us can't afford to pay out of pocket. That's 223 00:12:00,200 --> 00:12:02,840 Speaker 4: what insurance is for. So think about in the United States, 224 00:12:02,920 --> 00:12:07,520 Speaker 4: we use health insurance for everything. We go in. Whenever 225 00:12:07,600 --> 00:12:09,920 Speaker 4: we go in for a regular checkup or if we 226 00:12:10,000 --> 00:12:13,600 Speaker 4: need like let's say that we've got this cost that 227 00:12:13,920 --> 00:12:15,880 Speaker 4: we thought loses a cold, but it's been lasting for 228 00:12:15,920 --> 00:12:17,360 Speaker 4: three weeks. We need to go in and get it 229 00:12:17,440 --> 00:12:19,920 Speaker 4: checked out before it becomes something really serious or it 230 00:12:19,960 --> 00:12:23,440 Speaker 4: could be something serious. Well, we go in. We put 231 00:12:23,640 --> 00:12:27,640 Speaker 4: every little thing on our health insurance. That's the only 232 00:12:27,720 --> 00:12:30,280 Speaker 4: insurance that we do in the United States where we 233 00:12:30,320 --> 00:12:33,480 Speaker 4: expect them to pay everything. Now, let's say that you 234 00:12:33,600 --> 00:12:37,160 Speaker 4: have homeowners insurance, right, you have a home have Homer's insurance. 235 00:12:37,360 --> 00:12:39,120 Speaker 4: And let's say you break the window like I did 236 00:12:39,160 --> 00:12:41,319 Speaker 4: when I was a teenager. My dad was on the 237 00:12:41,400 --> 00:12:43,319 Speaker 4: roof and he said, hey, Virgie, throw me the hammer, 238 00:12:43,360 --> 00:12:48,160 Speaker 4: and I threw it right this broadject window. Now he 239 00:12:48,800 --> 00:12:51,760 Speaker 4: was not happy about having to replace that window himself, 240 00:12:51,760 --> 00:12:56,439 Speaker 4: but he's not going to go and his homeowners insurance, 241 00:12:56,480 --> 00:12:59,240 Speaker 4: make a claim on that homeowner's insurance and have a 242 00:12:59,320 --> 00:13:02,080 Speaker 4: premium go off. You don't do it for everyone's health. 243 00:13:02,080 --> 00:13:03,760 Speaker 4: Insurance is the only thing that we do that for. 244 00:13:03,960 --> 00:13:05,840 Speaker 4: So that's my point. I just want to just give 245 00:13:05,880 --> 00:13:08,640 Speaker 4: that background. And that's why when you know, we buy 246 00:13:09,000 --> 00:13:12,719 Speaker 4: a TV or something, a big screen giant TV at 247 00:13:12,760 --> 00:13:14,840 Speaker 4: the big box door and they ask, well, do you 248 00:13:14,880 --> 00:13:17,600 Speaker 4: want protection on that or do you want insurance on that? 249 00:13:18,400 --> 00:13:21,520 Speaker 4: You're like, no, no, I'm not going to be happy 250 00:13:21,679 --> 00:13:24,760 Speaker 4: if I have to something happens and I have to 251 00:13:24,800 --> 00:13:27,200 Speaker 4: spend six hundred dollars, but it's not going to ruin 252 00:13:27,320 --> 00:13:31,000 Speaker 4: my financial future me for me and or my family. 253 00:13:31,400 --> 00:13:34,079 Speaker 4: So I just wanted to go over that because that's 254 00:13:34,120 --> 00:13:36,400 Speaker 4: why we want to think about insurance in a different way. 255 00:13:36,480 --> 00:13:40,320 Speaker 4: You want to still protect yourself, don't go without health insurance, 256 00:13:40,320 --> 00:13:42,240 Speaker 4: but think about it in a different way. So we're 257 00:13:42,240 --> 00:13:43,920 Speaker 4: going to do is this Number one, You're going to 258 00:13:43,960 --> 00:13:49,240 Speaker 4: think about something that's called DPC Direct Primary Care, which 259 00:13:49,280 --> 00:13:51,520 Speaker 4: is where you pay like basically, it's like a membership. 260 00:13:51,600 --> 00:13:54,120 Speaker 4: You pay something between like seventy to one hundred and 261 00:13:54,160 --> 00:13:57,560 Speaker 4: twenty five dollars a month and it's out of pocket 262 00:13:57,600 --> 00:13:59,600 Speaker 4: whatever you whenever you go in. Let's say you have 263 00:13:59,640 --> 00:14:02,280 Speaker 4: this when you're do I have a brontiitis or gosh, 264 00:14:03,160 --> 00:14:05,320 Speaker 4: you know, is my asthma acting up? Or you know, 265 00:14:05,320 --> 00:14:07,800 Speaker 4: I really need to do better with my diabetes. You 266 00:14:07,920 --> 00:14:10,640 Speaker 4: know what that bill is going to be every visit, 267 00:14:11,480 --> 00:14:13,760 Speaker 4: it's going to be a couple of hundred bucks usually, 268 00:14:14,240 --> 00:14:16,280 Speaker 4: but at least you know what it is and it's 269 00:14:16,320 --> 00:14:20,360 Speaker 4: something that is something you can plan for and schedule, 270 00:14:20,640 --> 00:14:25,280 Speaker 4: and that monthly premium is basically a discount and it's affordable. 271 00:14:25,600 --> 00:14:27,880 Speaker 4: But Rashan, what you're going to do is and this 272 00:14:27,920 --> 00:14:31,240 Speaker 4: is where the insurance comes in, meaning risk protecting yourself 273 00:14:31,320 --> 00:14:34,120 Speaker 4: in your future. That's when you're going to back that 274 00:14:34,280 --> 00:14:38,400 Speaker 4: up with what's called it with an employer, what's called 275 00:14:38,480 --> 00:14:41,880 Speaker 4: supplemental insurance. When you're buying it outside of your employer, 276 00:14:42,360 --> 00:14:50,200 Speaker 4: is called critical illness insurance or hospitalization insurance, or accidental 277 00:14:50,560 --> 00:14:56,560 Speaker 4: insurance or accident insurance. So those are small premiums that 278 00:14:56,640 --> 00:14:59,600 Speaker 4: you pay. And what happens is if you have to 279 00:14:59,600 --> 00:15:04,400 Speaker 4: make a you get paid a cash lump sum, so 280 00:15:04,480 --> 00:15:07,480 Speaker 4: you don't have to prove that. You don't have to say, well, 281 00:15:07,640 --> 00:15:11,240 Speaker 4: you know, is it medically necessary or is it experimental? 282 00:15:11,320 --> 00:15:13,320 Speaker 4: So no, we're not going to pay for it. They 283 00:15:13,360 --> 00:15:18,720 Speaker 4: pay out depending if you meet that policies. Policies, I 284 00:15:18,760 --> 00:15:20,960 Speaker 4: should say that plans policy. 285 00:15:20,720 --> 00:15:23,360 Speaker 3: Right, So doctor Lynton, I want to want I want 286 00:15:23,360 --> 00:15:25,320 Speaker 3: to hold that thought. I'm gonna go to break because 287 00:15:25,360 --> 00:15:28,960 Speaker 3: you said some amazing things about things that you ensure 288 00:15:29,440 --> 00:15:33,360 Speaker 3: home auto, but nothing about and you have to. If 289 00:15:33,360 --> 00:15:35,560 Speaker 3: you owe money on that car, you have to, if 290 00:15:35,560 --> 00:15:38,560 Speaker 3: you owe money on that house, But your body, the 291 00:15:38,760 --> 00:15:42,400 Speaker 3: human nobody says you have to ensure your body. 292 00:15:43,160 --> 00:15:46,160 Speaker 2: That is amazing statement you made that. 293 00:15:46,240 --> 00:15:48,520 Speaker 3: I want to point that out to everybody that there 294 00:15:48,520 --> 00:15:51,040 Speaker 3: are demands out there there that you cannot drive that 295 00:15:51,160 --> 00:15:53,640 Speaker 3: car off the lot unless you have insurance. You cannot 296 00:15:53,680 --> 00:15:55,920 Speaker 3: get the key to that home unless you have insurance. 297 00:15:55,960 --> 00:15:57,840 Speaker 3: But you can walk out out of your house every day, 298 00:15:57,880 --> 00:16:00,120 Speaker 3: get on the bus, drive a car, get on a plane, 299 00:16:00,240 --> 00:16:04,080 Speaker 3: and not have health insurance. And nobody is forcing you 300 00:16:04,160 --> 00:16:06,480 Speaker 3: to do that like they try to do when you 301 00:16:06,520 --> 00:16:09,080 Speaker 3: buy a home or buy a car. What your doctor 302 00:16:09,200 --> 00:16:11,280 Speaker 3: wants you to know. We'll be right back with more 303 00:16:11,360 --> 00:16:13,600 Speaker 3: Money Making Conversation master Class. 304 00:16:14,760 --> 00:16:19,760 Speaker 1: Now let's return to Money Making Conversations Masterclass with Rashaan McDonald. 305 00:16:20,000 --> 00:16:23,800 Speaker 3: Welcome back to Money Making Conversations master Class. You know 306 00:16:23,840 --> 00:16:26,440 Speaker 3: when you talk about insurance, a lot of people, oh, 307 00:16:26,480 --> 00:16:30,040 Speaker 3: you're talking about insurance on an entrepreneur show. Because if 308 00:16:30,080 --> 00:16:32,040 Speaker 3: you can't if you're sick, you can't go to work, 309 00:16:32,080 --> 00:16:34,440 Speaker 3: if you're in debt, thing gets what you might not 310 00:16:34,480 --> 00:16:37,440 Speaker 3: be able to pursue your dream. If you're self imployed, 311 00:16:37,880 --> 00:16:41,080 Speaker 3: then you need to insurance. Especially when we're dealing with 312 00:16:41,160 --> 00:16:44,640 Speaker 3: COVID still out there. All these illnesses are very active. 313 00:16:44,760 --> 00:16:47,200 Speaker 3: If you get up in age, you know, then other 314 00:16:47,240 --> 00:16:51,240 Speaker 3: things start happening, and high blood pressure, diabetes, all these 315 00:16:51,280 --> 00:16:53,040 Speaker 3: things and not saying you can't get diabetes at a 316 00:16:53,080 --> 00:16:55,800 Speaker 3: younger age. But as you get older, I know for 317 00:16:55,840 --> 00:16:58,600 Speaker 3: a fact, things start breaking down and so you have 318 00:16:58,640 --> 00:17:01,680 Speaker 3: to have insurance along the way. But when you when 319 00:17:01,720 --> 00:17:04,560 Speaker 3: you don't know, you don't know. And like I said earlier, 320 00:17:04,640 --> 00:17:07,320 Speaker 3: you know, I don't deal with the insurance in my company. 321 00:17:07,400 --> 00:17:10,080 Speaker 3: You know, my wife handles that because guess what, it's 322 00:17:10,240 --> 00:17:11,840 Speaker 3: very complicated process. 323 00:17:11,920 --> 00:17:12,119 Speaker 2: You know. 324 00:17:12,160 --> 00:17:15,359 Speaker 3: I've had employees who you know, because you know, we 325 00:17:15,400 --> 00:17:18,600 Speaker 3: don't pay one hundred percent of the of the insurance, 326 00:17:18,640 --> 00:17:20,520 Speaker 3: and they might go, I'm gonna drop it. 327 00:17:20,560 --> 00:17:23,400 Speaker 2: I can't afford that. You know. They're they'll say that, you. 328 00:17:23,359 --> 00:17:25,640 Speaker 3: Know, because they feel they're younger and they don't want 329 00:17:25,640 --> 00:17:28,159 Speaker 3: to pay the part that they need to pay that 330 00:17:28,280 --> 00:17:31,080 Speaker 3: stay insured. And so when I when I wanted to 331 00:17:31,080 --> 00:17:32,600 Speaker 3: book you on the show, and I'm glad you I 332 00:17:32,640 --> 00:17:35,439 Speaker 3: finally got you on a show, doctor Ellington. You know, 333 00:17:35,600 --> 00:17:40,159 Speaker 3: the the process that I deal with mostly with people 334 00:17:40,320 --> 00:17:45,040 Speaker 3: is that until they needed, they don't see the value 335 00:17:45,160 --> 00:17:48,520 Speaker 3: in health insurance. What can we do? Is it always 336 00:17:48,600 --> 00:17:51,919 Speaker 3: a financial decision of people just I wouldn't use the 337 00:17:51,920 --> 00:17:56,040 Speaker 3: word ignorant or just don't don't want to value the 338 00:17:56,119 --> 00:17:59,639 Speaker 3: importance of setting aside that money because of that rainy 339 00:17:59,680 --> 00:18:00,720 Speaker 3: day might happen. 340 00:18:00,840 --> 00:18:02,560 Speaker 2: It might happen, your thoughts. 341 00:18:04,720 --> 00:18:07,560 Speaker 4: It's just human nature. We don't want to think about 342 00:18:07,600 --> 00:18:10,199 Speaker 4: bad news. We think, oh, yes, yes, I know. The 343 00:18:10,240 --> 00:18:13,720 Speaker 4: only thing that's guarantean life is death and taxes. Well, no, 344 00:18:13,800 --> 00:18:16,000 Speaker 4: it's only death because if you're willing to sit in 345 00:18:16,040 --> 00:18:18,159 Speaker 4: a jail, you know, you don't have to pay taxes 346 00:18:18,160 --> 00:18:21,080 Speaker 4: if you don't want to, you know, but you you know, 347 00:18:21,119 --> 00:18:23,919 Speaker 4: we're all going to die. But we have folks that 348 00:18:24,040 --> 00:18:27,840 Speaker 4: have children, so folks that young ones that are dependent 349 00:18:27,920 --> 00:18:31,120 Speaker 4: on us. And we don't get life insurance. So if 350 00:18:31,160 --> 00:18:34,360 Speaker 4: we can't think about life insurance, you our eyes glaze over. 351 00:18:34,400 --> 00:18:36,560 Speaker 4: And we have folks dependent on us, how many of 352 00:18:36,640 --> 00:18:38,080 Speaker 4: us are going to think, oh, yeah, I'm not going 353 00:18:38,160 --> 00:18:40,479 Speaker 4: to get sick. You know, I'm just gonna I'm going 354 00:18:40,520 --> 00:18:42,040 Speaker 4: to live to be one hundred and five and I'm 355 00:18:42,040 --> 00:18:44,320 Speaker 4: just going to die in my bed. Yeah, and I'm 356 00:18:44,359 --> 00:18:47,359 Speaker 4: never going to get sick. So it's just human nature 357 00:18:47,400 --> 00:18:50,000 Speaker 4: and we just want to roll the dice. We think, Okay, 358 00:18:50,000 --> 00:18:54,320 Speaker 4: I'm young and healthy, I'm just going to take a chance. Well, 359 00:18:54,359 --> 00:18:58,800 Speaker 4: you know, the insurance companies that's they're professional gamblers. They 360 00:18:58,840 --> 00:19:02,800 Speaker 4: have folks that they're whole business model they hire these mathematicians, 361 00:19:02,840 --> 00:19:05,400 Speaker 4: these actuarians is say, you know, we'll take the risk 362 00:19:05,480 --> 00:19:07,880 Speaker 4: of you. We know eventually you're going to need us. 363 00:19:08,200 --> 00:19:10,080 Speaker 4: You're going to need that. We're going to get your 364 00:19:10,280 --> 00:19:13,400 Speaker 4: right premium every month, and then we'll decide if we're 365 00:19:13,440 --> 00:19:15,080 Speaker 4: going to give it back or now we're not. They 366 00:19:15,080 --> 00:19:17,320 Speaker 4: don't guarantee that they're going to cover care. They just 367 00:19:17,400 --> 00:19:23,120 Speaker 4: give you access to discounts. Rashan that's right care, right 368 00:19:23,840 --> 00:19:25,600 Speaker 4: health insurance, the medical insurance does. 369 00:19:25,800 --> 00:19:28,320 Speaker 3: And it's really it's really important because I have employees 370 00:19:28,359 --> 00:19:31,919 Speaker 3: employed in different state states and just because you have insurance, 371 00:19:32,000 --> 00:19:34,399 Speaker 3: it might cover Georgia, but might not just for example, 372 00:19:34,480 --> 00:19:37,080 Speaker 3: might not cover the state of Texas. So you have 373 00:19:37,160 --> 00:19:41,120 Speaker 3: to know the premium that you are, are, the insurance 374 00:19:41,160 --> 00:19:44,320 Speaker 3: plan that you're under, and really go through the processes 375 00:19:44,640 --> 00:19:48,360 Speaker 3: of understanding because the rules are changing right before our eyes. 376 00:19:48,720 --> 00:19:48,880 Speaker 2: Now. 377 00:19:48,920 --> 00:19:50,719 Speaker 3: I want to ask you this step this question here 378 00:19:50,720 --> 00:19:52,600 Speaker 3: because I'm trying to stick to the questions because it 379 00:19:52,680 --> 00:19:55,600 Speaker 3: was so important that some of these things get responded 380 00:19:55,640 --> 00:19:59,119 Speaker 3: to correctly. The three steps of the only right way 381 00:19:59,280 --> 00:20:02,680 Speaker 3: to pay metal bill and same save your financial life. 382 00:20:02,760 --> 00:20:05,320 Speaker 3: The three steps of the only right way to pay 383 00:20:05,440 --> 00:20:08,040 Speaker 3: medical bill and save your financial life help me out 384 00:20:09,480 --> 00:20:10,040 Speaker 3: Step one. 385 00:20:10,280 --> 00:20:12,800 Speaker 4: You're going to make sure you get a real bill 386 00:20:13,000 --> 00:20:15,520 Speaker 4: nine times eight to nine times out of ten Rashwan 387 00:20:15,800 --> 00:20:18,560 Speaker 4: what we get in the mail snail mail after healthcare 388 00:20:18,640 --> 00:20:21,760 Speaker 4: medical services is not a real bill. Why is it 389 00:20:21,800 --> 00:20:26,160 Speaker 4: not a real bill because it doesn't have CPT codes. 390 00:20:26,560 --> 00:20:29,680 Speaker 4: CPT codes are a universal language or is the universal 391 00:20:29,760 --> 00:20:34,200 Speaker 4: language of the US healthcare system. That's how folks get paid, 392 00:20:34,240 --> 00:20:36,520 Speaker 4: That's how the insurance company pay things out, and that's 393 00:20:36,520 --> 00:20:40,439 Speaker 4: how providers get paid. So if an insurance if an 394 00:20:40,440 --> 00:20:43,440 Speaker 4: insurance company is not going to pay anything from a provider, 395 00:20:43,960 --> 00:20:47,720 Speaker 4: any bill from a provider fancy name for bill from 396 00:20:47,720 --> 00:20:49,719 Speaker 4: a provider to an insurance company as a claim, if 397 00:20:49,720 --> 00:20:51,119 Speaker 4: they're not going to pay a claim that doesn't have 398 00:20:51,200 --> 00:20:54,600 Speaker 4: CPT codes on it, why should you? And why do 399 00:20:54,680 --> 00:20:57,119 Speaker 4: they send patients nine times out of ten, eight to 400 00:20:57,200 --> 00:20:59,960 Speaker 4: nine times out of ten bills that are not real 401 00:21:00,040 --> 00:21:02,760 Speaker 4: old bills. They'll say, yeah, it's an itemized bill, but 402 00:21:02,840 --> 00:21:06,400 Speaker 4: it won't have CPT anywhere on the on the document, 403 00:21:06,440 --> 00:21:09,560 Speaker 4: on the statement to the first why do they do that? 404 00:21:10,119 --> 00:21:12,359 Speaker 4: Because it works. We fall for it. We think that 405 00:21:12,440 --> 00:21:15,280 Speaker 4: number they give us that first bill, that first I 406 00:21:15,359 --> 00:21:17,960 Speaker 4: called the wishing number up er right hand corner. They're 407 00:21:18,000 --> 00:21:20,680 Speaker 4: wishing and hoping and praying you fall for it. That's 408 00:21:20,680 --> 00:21:23,000 Speaker 4: a made up number. That is what I call the 409 00:21:23,080 --> 00:21:27,040 Speaker 4: MRSP the manufacturer retail sticker price. No, so you're going 410 00:21:27,080 --> 00:21:30,600 Speaker 4: to call back ask for a real bill with CPT codes. 411 00:21:30,920 --> 00:21:33,080 Speaker 4: Then you're going to take that. Once you get that 412 00:21:33,960 --> 00:21:37,159 Speaker 4: real bill with CPT codes on it, it'll say something 413 00:21:37,240 --> 00:21:41,199 Speaker 4: like CPT somewhere at the top and maybe CPT slash 414 00:21:41,240 --> 00:21:44,760 Speaker 4: Hicks picks hcp cs is a subtype of CPT. But 415 00:21:44,880 --> 00:21:46,280 Speaker 4: if you're trying to remember, okay, well, how am I 416 00:21:46,320 --> 00:21:49,240 Speaker 4: supposed remember what kind of code? It is not service code. 417 00:21:49,359 --> 00:21:51,800 Speaker 4: They'll try to trick you with that CPT code and 418 00:21:51,840 --> 00:21:55,080 Speaker 4: I tell people, hey, how do you remember CPT? I 419 00:21:55,160 --> 00:21:56,639 Speaker 4: thinks can't pay this. 420 00:22:00,000 --> 00:22:02,440 Speaker 2: It is? That's right, OKAYPT right. 421 00:22:03,560 --> 00:22:05,880 Speaker 4: Take it to step two. Once you get that real 422 00:22:05,880 --> 00:22:08,480 Speaker 4: bill with CPT code, you're going to Google, or you 423 00:22:08,520 --> 00:22:10,959 Speaker 4: can use my medical billbuster app that I developed just 424 00:22:10,960 --> 00:22:12,800 Speaker 4: for this to make it faster for you to find it. 425 00:22:13,119 --> 00:22:17,440 Speaker 4: You can find it on our website crash monael dot 426 00:22:17,440 --> 00:22:21,879 Speaker 4: dot com. You're going to research what that description of 427 00:22:21,920 --> 00:22:25,200 Speaker 4: each CPT code is because maybe you're being double built 428 00:22:25,320 --> 00:22:27,560 Speaker 4: or you're being upcharged. You went to the emergency room 429 00:22:27,920 --> 00:22:29,800 Speaker 4: you had a fracture and they set it for you, 430 00:22:29,840 --> 00:22:31,240 Speaker 4: and I didn't set it for you, sorry. They put 431 00:22:31,240 --> 00:22:32,720 Speaker 4: it in a sling, and they said, you know what, 432 00:22:32,720 --> 00:22:35,600 Speaker 4: You're going to have to see an orthpedic doc surgeon 433 00:22:35,640 --> 00:22:37,600 Speaker 4: in a few days and they're going to do surgery 434 00:22:37,640 --> 00:22:39,840 Speaker 4: on you. And they send you home to wait, and 435 00:22:39,880 --> 00:22:42,040 Speaker 4: then you get a bill and it says, well, humoral 436 00:22:42,160 --> 00:22:46,440 Speaker 4: fracture intervention. That's a fancy name for broken arm, but intervention. 437 00:22:46,720 --> 00:22:48,800 Speaker 4: And they just gave you a sling. That's an example 438 00:22:48,800 --> 00:22:51,960 Speaker 4: of an up charge. So you're going to do that. 439 00:22:52,080 --> 00:22:57,080 Speaker 4: Step two Google research Medical Billbuster. However, you're going to 440 00:22:57,119 --> 00:23:02,040 Speaker 4: online research what each CPT code is described to make 441 00:23:02,040 --> 00:23:04,200 Speaker 4: sure it sounds like the relatively sounds like the care 442 00:23:04,240 --> 00:23:06,920 Speaker 4: that you believe you received while you're there. This is 443 00:23:06,960 --> 00:23:09,480 Speaker 4: the important part, Rashan. This is where the money is. 444 00:23:09,520 --> 00:23:12,680 Speaker 4: You talked about Medicare. You're going to while you're there, 445 00:23:12,720 --> 00:23:16,280 Speaker 4: googling the description, find out what Medicare pays for each 446 00:23:16,440 --> 00:23:19,879 Speaker 4: of those cepeople, so as you're being both for why 447 00:23:20,240 --> 00:23:25,240 Speaker 4: Because Medicare is the lowest, retail, most fair price that 448 00:23:25,359 --> 00:23:29,720 Speaker 4: any provider in the United States will agree to accept, period. 449 00:23:30,280 --> 00:23:32,760 Speaker 4: And you don't have to be Medicare age. You don't 450 00:23:32,800 --> 00:23:35,439 Speaker 4: have to People say, well, i'm that's Medicare. That's for 451 00:23:35,480 --> 00:23:37,480 Speaker 4: old people. They just check out where shan their eyes 452 00:23:37,480 --> 00:23:39,920 Speaker 4: glaze over. You know I'm not sixty five or over. 453 00:23:40,040 --> 00:23:42,560 Speaker 4: I'm not on Medicare. You don't have to be. You're 454 00:23:42,640 --> 00:23:47,360 Speaker 4: just you're automatically, without being confrontational. You're saying, hey, this 455 00:23:47,400 --> 00:23:49,639 Speaker 4: is the price I know that you guys accept sixty 456 00:23:49,680 --> 00:23:51,840 Speaker 4: percent of the time because sixty percent of people on 457 00:23:51,920 --> 00:23:54,960 Speaker 4: average around the United States has Medicare. I don't have 458 00:23:54,960 --> 00:23:56,840 Speaker 4: to have Medicare to be able to negotiate that price 459 00:23:56,880 --> 00:23:58,720 Speaker 4: to say that's what I'm getting ready to say or 460 00:23:58,760 --> 00:24:01,159 Speaker 4: to pay. Rather, that's what you're going to do in 461 00:24:01,160 --> 00:24:03,720 Speaker 4: step three. You're gonna call back the provider after you 462 00:24:03,800 --> 00:24:07,400 Speaker 4: told up what Medicare pays for the services you receive. 463 00:24:07,440 --> 00:24:11,479 Speaker 4: And sometimes Rashaan, it's a tenth a fraction. People think 464 00:24:11,520 --> 00:24:14,000 Speaker 4: I'm exaggerating, But when you see the numbers. It's true 465 00:24:14,520 --> 00:24:17,240 Speaker 4: a fraction of the price that you've been built. So 466 00:24:17,280 --> 00:24:19,400 Speaker 4: you make it a bill for thirteen hundred and you'll 467 00:24:19,400 --> 00:24:22,840 Speaker 4: find out toll all the services and Medica the CPT 468 00:24:23,880 --> 00:24:26,199 Speaker 4: pose that you've been built total all of that up, 469 00:24:26,200 --> 00:24:28,679 Speaker 4: what Medicare pays for. It might be three hundred and 470 00:24:28,720 --> 00:24:31,760 Speaker 4: eighty dollars. You're in step three. You're gonna call that 471 00:24:31,800 --> 00:24:34,080 Speaker 4: provider back that you called and step one to get 472 00:24:34,080 --> 00:24:36,560 Speaker 4: that real bill in the first place of the CPT code. 473 00:24:37,080 --> 00:24:39,879 Speaker 4: And you're gonna say, hey, yeah, that bill that you 474 00:24:40,000 --> 00:24:44,320 Speaker 4: sent me for thirty eight hundred dollars. Yeah, and my case, 475 00:24:45,080 --> 00:24:49,159 Speaker 4: I am willing and able to pay three hundred and 476 00:24:49,160 --> 00:24:52,120 Speaker 4: eighty dollars. Who can I speak with? Who can help 477 00:24:52,160 --> 00:24:55,280 Speaker 4: me make a payment plan? Period? Those are the three step. 478 00:24:55,320 --> 00:24:57,760 Speaker 2: Wow, how can we get in judge with you? Doctor? 479 00:24:59,080 --> 00:25:02,080 Speaker 4: You can find me at Crushmedical Debt dot com. You 480 00:25:02,080 --> 00:25:04,760 Speaker 4: can actually on the site. There's a page that that 481 00:25:04,960 --> 00:25:07,840 Speaker 4: contacts my belief my email addresses in there. If it's 482 00:25:07,840 --> 00:25:11,159 Speaker 4: not dr dot Virgie like short for Virginia's d I 483 00:25:11,280 --> 00:25:15,399 Speaker 4: R g i E. At Crushmedical Debts dot com. 484 00:25:15,160 --> 00:25:17,640 Speaker 3: Like the Virgie Bright Ellington I want to thank you. 485 00:25:17,640 --> 00:25:21,639 Speaker 3: You know the interesting thing about when we're discussing insurance 486 00:25:21,800 --> 00:25:24,639 Speaker 3: and you're talking about whether it's medical, you know, people 487 00:25:24,640 --> 00:25:27,199 Speaker 3: tend to tune out. Oh it's not so complicated itself, 488 00:25:27,240 --> 00:25:30,760 Speaker 3: so boring. Okay, go to the hospital and can't afford 489 00:25:30,800 --> 00:25:32,360 Speaker 3: to pay for it. Go to the hospital, they tell 490 00:25:32,359 --> 00:25:35,520 Speaker 3: you that you need insurance. I'm just telling you you, 491 00:25:35,680 --> 00:25:39,600 Speaker 3: as a self imployed individual, you gotta figure out a 492 00:25:39,600 --> 00:25:43,119 Speaker 3: way to budget some type of health plan in your life, 493 00:25:43,520 --> 00:25:46,480 Speaker 3: because that day will come. We live in this society. 494 00:25:46,520 --> 00:25:48,960 Speaker 3: They will get on the plane. I wear a mask 495 00:25:49,080 --> 00:25:51,840 Speaker 3: every time I fly. I'm not taking anywhere, and I 496 00:25:51,880 --> 00:25:53,720 Speaker 3: want to thank you and I love them. I want 497 00:25:53,760 --> 00:25:55,680 Speaker 3: to invite you on the show back in January. Back 498 00:25:55,720 --> 00:25:59,399 Speaker 3: on the show in January when everything resets, so we 499 00:25:59,440 --> 00:26:03,399 Speaker 3: can remind people is a new game. This is January. 500 00:26:03,440 --> 00:26:06,040 Speaker 3: You're starting from zero again. Can you do that for me? 501 00:26:06,080 --> 00:26:06,760 Speaker 3: Doctor Ellington. 502 00:26:08,000 --> 00:26:10,800 Speaker 4: It's a promise, Rashan, And you know what January is 503 00:26:11,560 --> 00:26:16,160 Speaker 4: National Financial Wellness Months, So we'll be right on time. 504 00:26:16,240 --> 00:26:17,960 Speaker 4: Financial wellness. That'll be perfect. 505 00:26:18,000 --> 00:26:20,120 Speaker 3: I'll be there, Coo one more time. Tell them, tell 506 00:26:20,160 --> 00:26:21,560 Speaker 3: us how we can get in touch with you as 507 00:26:21,600 --> 00:26:22,160 Speaker 3: I let you go. 508 00:26:23,760 --> 00:26:28,520 Speaker 4: Crush Medical Debt dot com and there's contact link there. 509 00:26:28,680 --> 00:26:32,080 Speaker 4: If not, I believe my email address is there, but 510 00:26:32,119 --> 00:26:34,240 Speaker 4: if not, I'll give it to you now. Dr dot 511 00:26:34,320 --> 00:26:38,080 Speaker 4: Virgie v I R G I E at Crush Medical 512 00:26:38,160 --> 00:26:39,520 Speaker 4: Debt dot com. 513 00:26:39,560 --> 00:26:39,840 Speaker 2: Cool. 514 00:26:39,880 --> 00:26:42,520 Speaker 3: Great, thank you. We'll talked soon, like in Happy New 515 00:26:42,640 --> 00:26:44,960 Speaker 3: Year time in January. Next time you come on the show, 516 00:26:45,080 --> 00:26:48,000 Speaker 3: be safe and keep spreading this great information. I appreciate you. 517 00:26:49,520 --> 00:26:51,800 Speaker 4: We appreciate you. Rashaan, thank you, thank you. 518 00:26:52,840 --> 00:26:55,359 Speaker 3: Next week, I will not have a guest. In the 519 00:26:55,400 --> 00:26:59,600 Speaker 3: first hour, I'll be talking about value proposition. That's a 520 00:26:59,680 --> 00:27:02,600 Speaker 3: magic two words that you need to know. You should 521 00:27:02,600 --> 00:27:05,560 Speaker 3: write it down now. You should google those two words 522 00:27:05,680 --> 00:27:09,640 Speaker 3: value proposition. You need to understand what yours is. We'll 523 00:27:09,680 --> 00:27:12,400 Speaker 3: be talking about that next week on Money Making Conversation. 524 00:27:12,680 --> 00:27:16,159 Speaker 3: The first half hour will only be about value proposition 525 00:27:16,440 --> 00:27:19,600 Speaker 3: and you understanding what yours is when we continue to 526 00:27:19,600 --> 00:27:21,880 Speaker 3: finish that half hour. And now we'll have a guest 527 00:27:21,880 --> 00:27:24,320 Speaker 3: in the second half hour. But again, my guess is 528 00:27:24,320 --> 00:27:27,560 Speaker 3: coming up. She's on ho You don't want to miss it, 529 00:27:27,920 --> 00:27:30,360 Speaker 3: don't go nowhere. Come on back to Money Making Conversation 530 00:27:30,440 --> 00:27:34,560 Speaker 3: Masterclass I'll be with Aerial Biggs right back. More on 531 00:27:34,640 --> 00:27:39,000 Speaker 3: Money Making Conversation Master Class Value Proposition next week. 532 00:27:39,240 --> 00:27:44,720 Speaker 4: Money Making Conversations Masterclass continues online at Moneymakingconversations dot com 533 00:27:44,800 --> 00:27:49,440 Speaker 4: and follow money Making Conversations Masterclass on Facebook, Twitter, and Instagram. 534 00:27:49,600 --> 00:27:52,600 Speaker 4: Ladies and gentlemen, it's time you stop reading other people's 535 00:27:52,640 --> 00:27:54,879 Speaker 4: success stories and start writing your own.