goldberry Posted January 17, 2011 Share Posted January 17, 2011 Is anyone here doing this? Since DH and I have been self-employed (about 3 years now) we have struggled with health insurance. For about a year, we had a high deductible policy that cost us $300 per month. Basically we paid everything up until $7500, so we considered it just a catastrophic policy. The thing was, spending $300 per month, we couldn't put anything away to cover the deductible if we needed it. We ended up not needing it, thankfully, we are relatively healthy. After about a year, finances could no longer afford the $300 and we had to give up the policy. So basically, $3600 out the window. (yes, I know we had the peace of mind of being covered during that time.) We are now in a position to budget about $300 per month again. I am looking at policies (most about the same as we had before). But I am thinking seriously of just putting the $300 into a savings account allocated for healthcare instead. I figure at least if we don't use it, then it accumulates instead of us just giving it away. If we do have something catastrophic, we could still negotiate with the hospital for payments, whatever. If you had the choice in this situation, would you buy health insurance or put it in a saving account? ETA, it just makes me feel weird though, as someone who has always had insurance, I feel like I'm driving without a seatbelt! Quote Link to comment Share on other sites More sharing options...
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