07.02.24 BEST OF: Back To Basics: Exchange Traded Funds / Health Insurance Prior Authorizations

The Clark Howard Podcast

Clark Howard

Business, Investing, Entrepreneurship

4.6 • 5.2K Ratings

🗓️ 2 July 2024

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Happy 4th of July Week! Please enjoy this Best Of episode. Clark returns July 8th with new ways to Save More, Spend Less and Avoid Getting Ripped Off! Clark offers a primer on the 3 basic types of funds - Mutual, Index, and the fastest growing area of investing: ETFs. Also, there is a new rule for health insurers when you need medical preauthorization approval for treatment or a procedure. And it’s about time. Back To Basics: ETFs: Segment 1 Ask Clark: Segment 2 New Rules On Medical Preauthorization: Segment 3 Ask Clark: Segment 4 Mentioned on the show: How to Invest in ETFs for Beginners What Is an ETF? Clark.com INVESTOPEDIA - Mutual Funds / Index Funds / ETFs Medicare Medical Savings Account (MSA) Plans Health Insurers Must Streamline Prior Authorization Decisions, New Rule Says - The WSJ Businesses Are Making Me Pay the Credit Card Processing Fee. Should I Pay Another Way? Clark.com resources Episode transcripts Community.Clark.com Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Public.com+Public Investing Disclosure: All investing involves risk. Brokerage services for US listed securities, options and bonds in a self-directed brokerage account are offered by Public Investing, member FINRA & SIPC. Not investment advice. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank.Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1828849), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC. . See public.com/#disclosures-main for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Happy 4th of July week. I hope you have wonderful plans this week in
0:05.3	Celebrating our nation's independence. This week we will have best ofs for you every day except the 4th of July when I want everybody to just have fun with family
0:18.6	Enjoy the fireworks whatever activities you're doing, no episode Thursday at all.
0:25.0	Have a great, great holiday.
0:29.0	It's great to have you here on the Clark Howard show. Our mission is to serve you with
0:38.4	advice and information that empowers you to make better financial decisions in your life.
0:45.0	It's time for me to go back to basics on something called ETFs.
0:51.0	I talk about them and fly through and I have learned recently that I've just confused
0:59.6	the daylights out of people by not giving a simple explanation of what they are when you use them as an investment
1:07.6	vehicle and when you shouldn't.
1:10.2	So I'm going to talk about that. Also, there's a new rule with health insurers
1:15.7	that deals with something we've had so many complaints about
1:19.4	in our Team Clark Consumer Action Center,
1:21.8	where you get free one-on-one advice and it's about
1:25.5	when you can't have something done that you apparently need to have done because
1:31.9	the insurer is slow walking approval in plans that
1:36.9	require prior approval or denies it without any clear explanation. I
1:42.0	want to tell you there's some help and hope on this front
1:46.4	because the cynicism and the internal whistleblowers who have leaked that a lot of insurers deny without even reviewing just hoping you'll go away.
1:59.3	Don't I'll fill you in. But right now I want to talk about something that confuses people a lot.
2:07.0	For most of us, unless you buy individual stocks, which most people don't do, even if you have people who buy individual stocks, usually it's a small part of what they do.
2:18.0	And most of what they do is some kind of fund.
	...

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