verykenn
New Member
- 3
New forum member here.
I've just updated my info at CoveredCA (Obamacare in California). My income estimate for 2019 is a hair above the Obamacare cutoff. I'm self-employed. And income should continue to rise. So I did some number crunching to review.
Now thinking of opting out of health insurance entirely for a few years! See attached file.
I'm strong and healthy. No family history of disease. Grandmother passed away at age 98 — only by accident (many years ago). Father still strong at 92. Mother similar. Both still active. I eat right, exercise, don't smoke or drink. Most important is that, now at age 55, I'm as adult and responsible as ever. Risks are low for me.
Financially, health insurance doesn't make sense to me. I've always been properly insured for everything. But now I can't pay over 7k a year for unnecessary health insurance. Might be better to invest it. Ten years of compounding returns can do wonders.
Seem reasonable? Look at the outrageous cost increases. Advice? You can't scare me with "cost of unexpected accident" scenario.
What else am I missing?
People like me are squeezed out — and only because of a slightly higher income.
I've just updated my info at CoveredCA (Obamacare in California). My income estimate for 2019 is a hair above the Obamacare cutoff. I'm self-employed. And income should continue to rise. So I did some number crunching to review.
Now thinking of opting out of health insurance entirely for a few years! See attached file.
I'm strong and healthy. No family history of disease. Grandmother passed away at age 98 — only by accident (many years ago). Father still strong at 92. Mother similar. Both still active. I eat right, exercise, don't smoke or drink. Most important is that, now at age 55, I'm as adult and responsible as ever. Risks are low for me.
Financially, health insurance doesn't make sense to me. I've always been properly insured for everything. But now I can't pay over 7k a year for unnecessary health insurance. Might be better to invest it. Ten years of compounding returns can do wonders.
Seem reasonable? Look at the outrageous cost increases. Advice? You can't scare me with "cost of unexpected accident" scenario.
What else am I missing?
People like me are squeezed out — and only because of a slightly higher income.