Why I hope my home, auto and health insurance is a waste of money.
How does one take care of themselves when sick or injured?
- Walk it off.
- Hot, steamy bowl of pho.
- Herbs and sleep.
- Super glue it.
- Sweat it out.
Sometimes it works. Sometimes it doesn’t. That's why I have health insurance.
In my house we’ve had our fair share of injuries, surgeries and everything in between.
Health care is expensive. Surgery is really expensive. Ongoing treatment is REALLY expensive. Birthing a child is really fucking expensive.
Now I hope that I’m getting a raw deal on insurance. I hope that I pay these premiums and I never really use insurance to its full capacity. That means no home damage or car accidents and a healthy family. I could only be so lucky in health and life.
However, I don’t want to play the odds with something that could send me into financial turmoil. A Harvard study indicates that the number one reason for bankruptcy is medical expenses. Double ouch!
I don’t want to think twice about going to the ER or Urgent Care for something that looks “pretty bad.” (enter me, post mtn bike crash with a skin flap hanging off my knee. I would of super glued it, but my sis works in the ER and said I better go in...she was right.)
If you need any more incentive to get health insurance, California has picked up the penalty that mandates health care starting in 2020. (Federal reduced the penalty to zero starting in 2019. Thanks CA, not!) #sunshinetax
Head to CoveredCA.com to enroll by Dec 15 to have coverage starting on January 1.
If you're self employed and are not eligible for health coverage anywhere else, you may be able to deduct the health care premiums for you and your family.
Have questions? Comment below.