Crazy bad things happen to healthy people. A couple years ago we had a young invincible 20 something male that passed underwriting with flying colors to get the cheapest rate we provide. 6 months later, he goes to the hospital with a viral respitory infection. The virus spreads to his heart and his heart begins to fail and he is hospitalized for 5 straight months while they find him a donor heart and complete the transplant. $2.8 million dollars later, I'm investigating why my pool had a huge jump in claims costs.SnapShots wrote:Confused ... it appears from reading your responses you are one of the Invincible-20-Somethings and really aren't interested in health insurance because nothing is going to happen to you and if it does you just won't get treatment.
However, if you fall and break a leg, you'll likely get it treated. If you wife develops cancer, she'll likely get it treated. I suspect you have a parent who will step up and provide as much financial help as they can afford or not afford, if you are unable to get the quality treatment you think you need. And, you will end up with medical bills that will set your financial goals in life way back. Or, perhaps you'll take bankruptcy and let someone else pay for your care.
I'm not sure at your age and how being a student affects your qualifications, but there is also student insurance. I suspect you have not tried very hard to obtain any insurance for that matter.
I understand you are financially strapped but the new ACA was designed to help people like you. To act as if nothing will ever happen to you or your spouse, is an inappropriate and unrealistic response. As a parent, I would pay for a child's insurance plan to not only protect them but to protect myself. But, your families may not be in the positive to help.
Make a copy of your posts and this thread and look back at it when your 40. Or, when you have a medical issue and are forced to get treatment.
Best to you and hope you stay well ...
I don't know what would have happened if he didn't have insurance.... I'm guessing he would have not gotten the transplant and died. Hospitals are forced to do Emergency services for all people regardless of insured status, but I think that means keeping him alive as long as possible with his dying heart, not transplanting in a new one. Best case he would have lived and been saddled with that bill. Instead, he payed his $5,000 OOP max and we paid $2.795M.
Health insurance has a lot of low frequency high severity claims like this ---- any given year the top 0.5% of claimants might have 20-25% of claims. So yeah, the 39 years you aren't one of those people you might pay more in premium than you get back in value. But that 1 year you are one of the high cost people, you don't want to be uninsured.