Your health insurance bill is going up again for what we pay every year we could add another room onto the house. She you're right and it seems like we're paying more and more for a service we barely use. I mean. I do yoga. I eat all my veggies and we hardly ever get sick now that we're no longer required to purchase health insurance. It makes me wonder should we be paying for it at all. We could pocket the premiums, ourselves and if we get sick or hurt down the line, we can just use that money to pay the bill. But what if we have a serious injury like your turkeyryer incident last Thanksgiving, no sweat? We can just crowdsource money for the bills. I see people on Facebook fundraising for medical costs all the time. Great although I do think you should quit your extreme parkour only if you quit. Knife strugglingggling, steel.
Have you ever found yourself wondering if you should just skip out on this whole health insurance thing? If you don't have coverage offered through your job, it's a pretty hefty monthly expense. In 2018, the average private insurance plan cost 400 and 40 dollars a month for an individual and 1100 and 68 dollars per family coverage. For that kind of know, i could afford that trip to Japan or buy a miniature pig. With the recent repeal of the individual mandate within the Affordable Care Act, some younger, healthier people might be left wondering. Should I pay thousands of dollars each year for a service, I'll probably never use take Maria here. She just graduated with a master's degree and works for a tech startup that doesn't offer health insurance or retirement options. She's making too much to qualify for subsidized healthcare, so she has to pay 300 and 75 dollars a month for her individual health insurance policy. But she's an avid runner, eats mostly organic, and hasn't been sick in five years. That money could be going to her retirement or savings to buy a house. What might happen to Maria if she decides to cancel her policy in order to fast track other financial priorities? I think it's time too. Run the numbers.
If Maria decides to cancel her health insurance policy, she can expect to save around 4500 dollars a year, but she'll still prepare for the occasional minor injury or illness by setting aside 1 thousand dollars a year for doctor visits or occasional urgent care. If she stashes what's left in a CD earning 2.5 percent interest in just five years, she'll have 18800 and 57 dollars. Maria just has to stay relatively healthy for the next five years and she's gamed the system. Things are going fine for a while and then in her 30 year of the plan. Maria is in a serious car accident.
Auto insurance would only pay a fraction of her medical costs and after all the hospital, surgery and ambulance bills. Mara is left with 58 thousand dollars in medical debt and an additional 8 thousand dollars on credit cards she used to pay bills while recovering.
Desperate Maria launches a gofundme campaign joining the 200 and 50 thousand other people who use the platform every year to try and help pay medical bills, and she ends up raising the Average Amount.
Only 3 thousand dollars facing 63 thousand dollars in debt. Her parents decide to help. They take out a line of credit on their home, using the money to pay off maria's debts in full. Two years later, when maria's dad is forced to retire because of his own health problems, they fall behind on their mortgage payments and lose. The house granted. The chances of a sudden, costly medical problem hitting someone young and healthy like Maria are slim but not insignificant. A 2011 survey found that people between the ages of 25 and 34 had a one in ten chance of getting hit with a medical bill of 13 thousand dollars or more and a one and 20 chance of at least a 27 thousand dollars bill. Considering the lifetime of financial damage that kind of price tag can do to you or your family, these odds are not to be taken lightly. Besides, the whole point of insurance is to protect you from really bad things that probably won't happen. No one buys insurance hoping they'll get to use. It. Is there a middle path that Maria could have taken that would have allowed her to save something, but also be protected against a catastrophe. Well she could have enrolled in a Health Sharing Plan.
Finally, a way to take control of your healthcare expenses. Impact Health Sharing is a caring community of people who share in each other's medical bills. Impact is for anyone who is interested in sharing, acting responsibly together, and saving on their health care. Health Sharing puts the power, the freedom, and the control in paying for health care back into your hands
Impact is your solution to the rising cost of healthcare.
Impact puts the power, the freedom, and the control in paying for health care back into your hands.
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