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Author: AngelMay Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 64870  
Subject: Re: what about healthcare? Date: 2/5/2007 12:24 PM
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"You might want to increase your deductible. My wife's $3500 deductible is less than $200 a month. We figure we are self-insured for minor stuff, but want Blue Cross behind us in case of serious illness.


Bingo. The way to think about insurance is as protection against catastrophic occurrences. I have a high deductible and low premiums on my health insurance policy and my car insurance. I handle minor doctor's visits and fender benders myself, keep my premiums down, but have coverage in the event of more serious calamities.

Joel, that works for people with enough money to pick up the tab until insurance kicks in. But it doesn't work very well for the poor. And even for those of us with money, the monthly premiums are quite a big bite.

I just think there is a better way.

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