So yeah, in 2023 I lost health insurance, was on medicaid and they kicked 70% of the people off of it. Now, I see no point having health insurance because of sky high deductibles. I definitely don’t use close to 5k a year on medical costs, which is the deductible a lot of insurance companies require. Does anyone know any good health insurance for a young adult without a massive deductible? Would get employer health insurance, but it also has a high deductible and is way overpriced and doesn’t cover much (stupid united healthcare lol) I do already have dental and vision for cheap through my work that covers everything with a low deductible.
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Health insurance is very expensive. It’s meant for emergencies, not routine healthcare. If your employer offers an HSA plan or a health plan with higher copayments, those will usually be cheaper.
A cancer diagnosis, accidental injury, or other unexpected event that needs hospitalization could cost $15,000 per day for the hospital and over $200,000 for cancer treatment. You wouldn’t be able to afford this without insurance.
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My surprise cancer diagnosis resulted in a surgery and subsequent radiation therapy total of $1.1 million.
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I was walking across the street with the pedestrian signal when a 77-year-old driver in a Buick wasn’t paying attention and hit me. The maximum amount from their car insurance and home insurance only covered about one-third of my first hospital stay and surgeries. That’s what insurance is supposed to do.
Later, I was diagnosed with cancer. In total, my health insurance has paid almost $400,000 over the past 8 years. That’s what insurance is supposed to do too.
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If you don’t go to the doctor, then it’s irrelevant how high your deductible is unless you have an expensive emergency. Health insurance ix expensive, and 5k isn’t unheard of
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OP, I want to make sure you understand what a deductible is. If you do, don’t be offended, but I’ve seen many people misunderstand this. A deductible is only money you have to pay if you use that much healthcare. It’s not a mandatory payment you make every year.
If you don’t use much healthcare, look for a plan with a high deductible and lower premiums. These plans are designed for people who don’t need much medical care. A high deductible will protect you in case of an emergency, and you’ll still get lower contracted rates from your insurance company’s network of providers, even if you don’t reach the deductible.
Don’t pay higher premiums just to have a $10 copay a few times a year.
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You’re young, but you can’t be considered an adult if you don’t understand that health insurance protects you from financial disaster. It’s not meant to cover every little cold. It’s not just your deductible that matters, it’s the out-of-pocket maximum, which even a small emergency can exceed these days.