re: What’s the point of medical insurance?

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Paying monthly only to then have the privilege to pay out of pocket for your deductible What a great scheme they have concocted

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The insurance is there for the big bills, the heavy lifting. That’s what you SHOULD be buying insurance for.
People are always complaining about having to pay a deductible and co-pays even though they pay a high premium. But I will gladly pay a $7000 or $8000 deductible and take comfort knowing that the insurance will pay the $60,000 or $75,000 balance of the medical bill! Most plans nowadays have a max out of pocket, which is your safety net, it’s usually less than $10,000.
I mean, that’s peace of mind for me.