Don’t many/most US health insurance plans have maximum out of pocket limits? Doesn’t this prevent most people from going bankrupt? I don’t know that much about the details of the industry tbh.
Don’t many/most US health insurance plans have maximum out of pocket limits? Doesn’t this prevent most people from going bankrupt? I don’t know that much about the details of the industry tbh.
A very common plan might be something like: you have $1000 in premiums a month, your employer covers $700 you cover $300, and then you have a yearly out of packet max of $6,000.
Something like that. But people love to scare monger. There are of course people driven to bankruptcy, but it is not an every day thing that is happening left and right as some want you to believe and even then what happens in a medical bankruptcy is YOU DON'T PAY THE DEBT.
Don’t many/most US health insurance plans have maximum out of pocket limits? Doesn’t this prevent most people from going bankrupt? I don’t know that much about the details of the industry tbh.
A very common plan might be something like: you have $1000 in premiums a month, your employer covers $700 you cover $300, and then you have a yearly out of packet max of $6,000.
Something like that. But people love to scare monger. There are of course people driven to bankruptcy, but it is not an every day thing that is happening left and right as some want you to believe and even then what happens in a medical bankruptcy is YOU DON'T PAY THE DEBT.