You’re going to go bankrupt anyway. Might as well save the cash, open a trust and transfer it in there so debt collectors can’t touch it, then file for chapter 7 bankruptcy. Then just don’t pay the absurd bills.
The idea of health insurance is to not go bankrupt if we get sick. A 5 figure bill is not pleasant, but not insurmountable for us.
So if one of us ends up with medical bills for $800k, we’ll spend something like $30k if treatment straddled two years, and our insurance pays the rest (theoretically).
It sucks ass, but health insurance is pretty much useless at general day to day health coverage that costs in the 3-4 figure range. But absolutely essential for the catastrophic life saving coverage that would wipe us out.
Of course, due to in/out coverage bullshit, and insurance companies fighting claims, there’s always the strong possibility we get wiped out anyway. But that’s another discussion.
I’m a software engineer making serious bucks, and my job’s plan is like a fraction of most people. When I worked at a bar, I was paying twice as much in today’s dollars.
Ya’ll are only paying $150-$300?
My wife and I are $500 each, and it doesn’t cover much until the yearly 5 figure deductible is hit.
what the fuck
Yep. I said that phrase dozens of times when I was evaluating our options too.
So, genuinely, why even pay for it?
You’re going to go bankrupt anyway. Might as well save the cash, open a trust and transfer it in there so debt collectors can’t touch it, then file for chapter 7 bankruptcy. Then just don’t pay the absurd bills.
The idea of health insurance is to not go bankrupt if we get sick. A 5 figure bill is not pleasant, but not insurmountable for us.
So if one of us ends up with medical bills for $800k, we’ll spend something like $30k if treatment straddled two years, and our insurance pays the rest (theoretically).
It sucks ass, but health insurance is pretty much useless at general day to day health coverage that costs in the 3-4 figure range. But absolutely essential for the catastrophic life saving coverage that would wipe us out.
Of course, due to in/out coverage bullshit, and insurance companies fighting claims, there’s always the strong possibility we get wiped out anyway. But that’s another discussion.
Here’s something fucked up.
I’m a software engineer making serious bucks, and my job’s plan is like a fraction of most people. When I worked at a bar, I was paying twice as much in today’s dollars.