08.29.25 Clark Answers His Critics on Clark Stinks / SCAM WARNING: Healthcare Plans

The Clark Howard Podcast

Clark Howard

Business, Investing, Entrepreneurship

4.6 • 5.2K Ratings

🗓️ 29 August 2025

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Friday - Clark Stinks day! Christa shares Clark Stinks posts with Clark. Submit yours at Clark.com/ClarkStinks. Also today, the high cost of REAL health insurance is driving a surge in low cost health “coverage” being pitched to both individuals and small businesses - plans that are either bad, or worse, total scams. Clark Stinks: Segments 1 & 2 Bogus Healthcare Plans: Segment 3 Ask Clark: Segment 4 Mentioned on the show: What Is an HSA Account and How Does It Work? Where Should I Set Up My Health Savings Account (HSA)? What Is a Flexible Spending Account? How Do You Prepare for the Likelihood of Long-Term Care Costs? Capital One Venture X Rewards Credit Card: 6 Things To Know in 2025 Travel Insurance Checklist: 5 Types of Coverage To Consider SCORE - For The Life Of Your Business Looking for health insurance? Make sure that’s what you’re getting Fake Health Insurance Scam: Are You Covered or Being Hustled? Term Life vs. Whole Life Insurance: Understanding the Difference How To Buy Term Life Insurance in 7 Easy Steps What Is a 403(b) and How Does It Work? / 403bWise.org How To Open a Roth IRA / What Are Index Funds? Best Investment Companies for Investors in 2025 Clark.com resources Episode transcripts Community.Clark.com / Ask Clark Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's my pleasure to welcome you here to the Clark Howard Show.
0:08.1	You know, our mission is to serve you with advice and information that empowers you to make better financial decisions in your life.
0:17.0	I hope that as you go into your weekend, you'll remember that clark.com and clarkdeals.com
0:23.1	are here to serve you all weekend long.
0:28.0	But today, it's time for you to serve me with some feedback in our weekly Clark Stink segment.
0:37.3	And also, with something you got to know about
0:40.0	with health care plans.
0:42.6	The scams are booming.
0:45.8	The rip-offs are growing,
0:48.8	and you've got to know how to protect your wallet
0:51.2	and your health.
0:53.5	But first, let's talk Clark stinks. I should have never
0:57.7	encouraged you to speak. You must think I'm pretty stupid. You should be ashamed of yourself.
1:01.7	Well, maybe I'm wrong. Maybe I'm wrong. Maybe you're right, pal.
1:10.7	All right. Rick in Indiana wrote in with this one. Clark, you're confusing us with your answer on health savings accounts.
1:17.0	I understand the triple tax benefits of HSAs, but you failed to mention that if your employer already offers a flexible spending account, FSA, through work,
1:26.0	then you're generally not eligible for the health
1:28.4	savings account at brokerages such as Fidelity. Likewise, those on Medicare are not eligible. Am I confused,
1:34.5	or are you confusing me? And several people wrote in. Okay, this is great, because this isn't
1:41.2	something I've explained in full in a good long while.
1:53.0	An FSA, a flexible spending account, in my opinion, is significantly inferior to an HSA.
1:57.1	The flexible spending account is very inflexible.
	...

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