Getting Full Value Isn’t Black and White

“Here, let me show you these great glasses — I want to make sure you get the full value of your insurance coverage,” enthused the salesman trying to get me to upgrade my purchase. I had already carefully chosen my favorite pair from the rack of frames my insurance would cover completely, using up enough time that my children’s attention spans and my husband’s patience were both ending. Now the salesman, doing his duty to his employer, was trying to get me to change my mind.

“You have great insurance,” he elaborated. “It covers $130 for glasses. If you don’t buy this [$170] pair, you won’t be taking full advantage of your benefits


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4 Responses to Getting Full Value Isn’t Black and White

  1. Lisa says:

    I dislike the attitude that would lead you to spend the full value of your insurance. That is one reason why health care costs rise so much each year. I know the article isn’t about health insurance but its a whole attitude that people have that costs all of us more and prevents some employers from even offering health insurance.

  2. Very interesting article. I think it is because of this dilemma that gift card recipients on average spend 20% more than the value of their gift cards. This is understandable because if someone gives me a $50 gift card, spending that extra $10 of my own money to get the “full value” of the gift card is not a bad deal.

  3. Gail says:

    Some of the other problems with gift cards is getting one for a place you don’t ever go and wouldn’t go. I got a Starbucks gift card from a brother who knew I didn’t drink coffee. It was a duh moment. His rational being that they sell other things there. I ended p givng it to my son for his wife who does go there. Gift cards can actually make you spend more especially if it is a card for a dinner ($25) because it is rare to have two people eat for that at a better restaurant. So you end up spending up to another $25 with tips to pay for your FREE meal out.

    I enjoy getting gift cards to places I frequent frequently and I try to only give gift cards to places that I know the recipient goes to frequently. So that way we really can get full value. If it isn’t used up all in one trip, then you may have a few dollars towards your next visit.

  4. Pingback: Gift Card Insight: Why we typically spend more than the gift card value | Gift Card Blog

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