No. of Recommendations: 0
"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.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.