Think you are insured? Think again!

A far too common story of people in the USA who believe they have insurance when in fact they are underinsured, or hardly insured. The gentleman in the Time Magazine's cover story was buying a series of 6-months short term insurances. He was throwing his money away, because of the "pre-existing condition" clauses in the small print. Read on...





http://www.time.com/time/nation/article/0,8599,1883149-1,00.html

Financially this is pretty much the worst case scenario. The person in the story above would be much better off just saving money over time than wasting it on a useless insurance.