By: Investor Tuition

Investor Tuition — Thu, 04 Jul 2019 12:52:46 +0000

Healthcare costs are probably one of the few expenses that are almost impossible to accurately estimate. Depending on the severity of an illness the costs can send an individual broke. Health insurance therefore is probably the most important household expense and should be maintained at all costs. I myself have been diagnosed with a serious illness and my insurance has ensured I am getting the best treatment. Don’t ever think it can’t happen to you, cause it does and just when you don’t want it!

By: Josh

Josh — Tue, 02 Jul 2019 21:02:14 +0000

I’m at least old enough to have had a “Cadillac plan” right after college. Fast forward 11 years and the same monthly premium gives you a $10,000 deductible in my current state of residence.

We belong to a health-sharing ministry because its monthly cost is a fraction of what we would pay for an exchange policy before subsidies. It’s the one way we keep health care from being our largest monthly expense. As a cash customer, I can at least pick which doctor I like and don’t have to go through the referral process which can delay treatment.

I read your recent article about sharing ministries and agree with several of your points. It essentially is insurance by another name,

I don’t have a good proposition to fix.

HSAs are a good legal way to save for the future. I’m also a fan of medical tourism if you have the time for more expensive medical costs. Medical tourism is an option we have explored more than once to price shop.

Comments on: This is My Biggest Financial Concern for Millennials Today

By: Investor Tuition

By: Josh