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Dec 30th, 2023
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 Re: The reality of universal health care
[Re: patriot07]
#15382385
04/22/25 06:25 PM
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Joined: Aug 2007
Posts: 1,404
mattm
Extreme Angler
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Extreme Angler
Joined: Aug 2007
Posts: 1,404 |
It's not really. A 40 year old shouldn't be paying $7k per year for a policy that only covers catastrophic items. Maybe if I was 55 or 60...
Been paying for 20 years...never once have I gotten more out of insurance than I paid them in premiums
This was true for me until I turned 62. Last year I paid $4,744 for insurance that paid out $19,183. For sure. Like I said, insurance should go up quite a bit when you start needing it. Young folks don't hardly need insurance and I wish someone had told me when I was 20 that it was a complete waste of money for 2 decades. I already told my daughter and son not to take insurance at age 20 unless things change drastically. Just pay for the $100 urgent care visit when you need it and you'll be $150k ahead by the time you turn 35. I'm not saying you are wrong because I would of certainly saved a lot of money to this point in life(46), but what's the plan for some horrific accident or major medical disaster?
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Re: The reality of universal health care
[Re: patriot07]
#15382481
04/22/25 08:52 PM
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Joined: Jan 2006
Posts: 33,089
Scagnetti
TFF Guru
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TFF Guru
Joined: Jan 2006
Posts: 33,089 |
It's not really. A 40 year old shouldn't be paying $7k per year for a policy that only covers catastrophic items. Maybe if I was 55 or 60...
Been paying for 20 years...never once have I gotten more out of insurance than I paid them in premiums
This was true for me until I turned 62. Last year I paid $4,744 for insurance that paid out $19,183. For sure. Like I said, insurance should go up quite a bit when you start needing it. Young folks don't hardly need insurance and I wish someone had told me when I was 20 that it was a complete waste of money for 2 decades. I already told my daughter and son not to take insurance at age 20 unless things change drastically. Just pay for the $100 urgent care visit when you need it and you'll be $150k ahead by the time you turn 35. 80% of your life’s healthcare costs come in the last 20% of your life.
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