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Subject:  Re: Beginner wants to invest beyond ROTH IRA. He Date:  9/5/2011  7:59 PM
Author:  2gifts Number:  69541 of 78166

Someone with $8,000 in assets who gets testicular cancer is going to be bankrupt at the end of his treatment whether he has health insurance or not.

I disagree. Perhaps with an indemnity plan, someone in this case would end up not being able to afford their portion of the health expenses and have to declare bankruptcy, but with other types of plans such as HMO's and I think PPO's, this is not the case.

There's a reason that I won't get an indemnity plan for our health insurance, and it is because when I had my kids some 20 years ago, if we had had an indemnity plan, we would have been looking at significant expenses out of our pocket, but we had an HMO, and so there was no cost to us other than insurance premiums for the twins' hospital care. As one came in at around $150k, and the other one well exceeded $750k, we are not talking chump change.

I have given my kids the same advi