No. of Recommendations: 2
That's correct. A $2,400 health insurance premium and a $2,500 deductible is almost 20% of a $25,000/yr income. I'd certainly look closely at an expenditure of that magnitude. I agree that having insurance might give you access to better care -- but at what price?

I'm just an idiot I suppose but I have strongly encouraged my sons who are in a similar situation to pay for health insurance. Then again one had a friend who had testicular cancer when they were seniors in college and they have both gotten to see the devastation of serious illness up close and personal over the past couple of years.

Neither of them has come near the deductible. I think it's called insurance for a reason, though.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.