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Most FIRE practitioners in the US buy their own health insurance. It is modeled into their expenses the same as mortgage payments and property taxes.
by jandrewrogers 7y ago
Most FIRE practitioners in the US buy their own health insurance. It is modeled into their expenses the same as mortgage payments and property taxes.
- abootstrapper 7y agoBesides the $1k monthly premiums. Don’t forget to save up for the $10k deductible in case you actually get sick!
- jandrewrogers 7y agoA standard part of the financial model is an emergency fund that exists for purposes like this. I believe the advice is at least 6 months worth of expenses in the emergency fund, which should be enough to cover deductibles in the vast majority of cases. Generally, people who FIRE sensibly build quite a bit of slack into their financial models to make allowances for unexpected large costs.
- echelon 7y agoMy understanding is that monthly premiums should be on the order of $600/mo for an excellent plan with a low deductable and copay. It's more if you have a family, of course.
- jldugger 7y agoWell, that's what the HSA is intended for =)