Do you really need health insurance?
I’ve been wanting to get some for my kids, but i’ve been researching it and it seems as though health insurance is really just in case something huge happens like u need 20,000 surgery or a hospital stay. I’m not saying we will never need it, but I really just want insurance that allows me to take my kids to the doctor and get them medcine for a $10 or $20 copay. It’s really dumb for me to get insurance with a 2,000 deductible- insurance would never pay for the low-cost stuff. Would I just be better off putting money in a savings account? I have looked into HSA’s, and i think i would be better of just putting some money away. What do you think?
Who said that if something happened I would be getting the government to foot the bill? I think, if you took the time to read my question, that i asked if it would be better for me to SAVE UP if something happened rather than pay that money out to an insurance company..Thats not taking responsibility?
Health insurance is like a gambling game. The smart and conservative thing to do is to get insurance in case something huge happens that would drive you into bankruptcy. Suppose one of your kids comes down with a serious illness or is in a car crash. Unless you’re REALLY rich, the cost of a lifetime of care will be more than you can afford. Chances are good that you’ll never use your catastrophic insurance, but if you do end up needing it then you’ll need it BAD.
If you get the insurance that pays for everyday doctor visits, then chances are VERY good that you will spend more money on the insurance premiums than you would pay for the medications and visits all out of pocket. That’s how the insurance company makes money. The benefit to having that kind of insurance is that you will be more motivated to go to the doctor and not worry about the cost of each visit. You won’t be as likely to say, ‘oh, I’ll wait another day and see if he gets better.’ If you feel that you can make good decisions either way, then get insurance with a high deductible and chances are good that you’ll save money in the long run.
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