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FIRE doesn't depend on having a tech job. Its all about income to expense ratio. Planning for medical events is something that gets talked to death in these com
by snake42 8mo ago
FIRE doesn't depend on having a tech job. Its all about income to expense ratio. Planning for medical events is something that gets talked to death in these communities.
- raw_anon_1111 8mo agoHow do you plan for a potential quarter million dollar medical bills over a couple of years?
- deleted 8mo ago[deleted]
- snake42 8mo agoThe same way that an employed person would plan for this. Catastrophic insurance plans put a cap on how much your medical bills can be.
- raw_anon_1111 8mo agoAn employed person since the ACA hasn’t had to worry about lifetime caps… Oh and catastrophic insurance plans only have to cover pre-existing conditions since the ACA - which one party is actively trying to kill.
- Retric 8mo agoGood insurance is one aspect including long term disability coverage if you haven’t retired. That’s the thing medical expenses when young are unlikely enough insurance is a viable strategy. Long term it’s worthwhile to move to a country with a less expensive medical system. You can move basically anywhere in retirement and be better off.
- raw_anon_1111 8mo agoAgain like I have been saying, good insurance is predicated on the open market and ACA being around and not being killed by Republicans. Even if they don’t outright kill it, they are trying to put in a “death spiral” where only sick people use it and insurance companies don’t want to participate. LTC not discriminating against pre-existing conditions is also post ACA.
- Retric 8mo agoIn a hypothetical universe with different laws people would make different decisions, like abandoning the US. But you’re asking about medical conditions which rarely apply and laws that don’t exist. That’s not a failing of FIRE for the vast majority of people. Further FIRE doesn’t mean crap if you get something serious and die at 23, that’s just the reality of human existence.
- raw_anon_1111 8mo agoPeople didn’t abandoned the US before the ACA was the law in 2011-2012. And if there were an influx of US citizens to foreign countries, I can guarantee you other countries wouldn’t be as welcoming. There are plenty of conditions where the difference between life and death is being able to get health care
- Retric 8mo agoSome did. The US expat community has been quite large for decades. Most people didn’t do FIRE style early retirement while dealing with pre existing medical conditions. There however was plenty of expats pre ACA who very much left the country for early retirement. US healthcare is ruinously expensive but on average it’s not particularly good if you’re in the income bracket where 1/4 million over a few years is a serious issue.
- raw_anon_1111 8mo agoThere is absolutely no significant number of Americans who left without ties to other countries. I find it rich that Americans who leave the US call themselves “ex-pats” instead of “immigrants”
- Retric 8mo agoThere’s over 1/2 million former Americans living in Canada or the UK which doesn’t require learning a foreign language. You really can’t make those kinds of sweeping statements about populations that large. Many Americans without any prior connections fled to Canada to avoid the Vietnam war for example and then made a home there. Brit’s will also call themselves expats. https://britishexpats.com/forum/ https://britishexpats.com/forum/ ditto Canadians https://www.expatden.com/global/canadians-living-abroad/ https://www.expatden.com/global/canadians-living-abroad/ Also, the US imposes taxes on Americans who leave until they renounce their citizenship on the upside they still get to vote. It’s an unusual relationship to your former country.