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It's pretty hard for a software engineer to get bankrupted by the US healthcare system. As long as you maintain your insurance coverage, your biggest worry is t
by nsxwolf 4y ago
It's pretty hard for a software engineer to get bankrupted by the US healthcare system. As long as you maintain your insurance coverage, your biggest worry is the annual "out of pocket maximum", which is the most you can pay in a year, and is usually very low end of 5 digits. There are gotchas with this with uncovered services (i.e., rescue helicopters) but in general, this whole bankruptcy concept is overblown, especially in our privileged market segment.
- fxtentacle 4y ago"maintain your insurance coverage" sounds like a pretty difficult thing to do for a hypothetical software engineer who just got fired because of burnout.
- nsxwolf 4y agoIn this industry severance is common, which often includes some amount of continuation of coverage. You are then usually eligible for COBRA, a law that lets you continue your current policy for 18 months self-funded (often expensive). You have 60 days to elect COBRA, so if you find another job or gain other coverage before needing care you can sometimes avoid paying for it. You can get your own coverage on the Affordable Care Act exchanges. It's not necessarily a great deal, but again, it's about keeping that out of pocket limit as a safety net. In all likelihood the burned out hypothetical software engineer is going to recover and find work with employer funded healthcare coverage again.