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Started By
Message
re: "If You Have Savings In Your 20s, You’re Doing Something Wrong"
Posted on 9/17/15 at 9:51 am to matthew25
Posted on 9/17/15 at 9:51 am to matthew25
quote:
gree. Friend needs shoulder surgery. Hi-deduct plan of $7000 then 80-20 split.
He has saved grand total of $4500. He is having to take out a loan of $6000 at 9.65%. He is lucky he doesn't have to take a payday loan at over 25%.
This is dumb on so many levels. Hospitals work out payment plans, also, they don't negatively effect your credit. In fact most people that loan money will say excluding medical bills.
On the other hand, having a deductible that high is bad business too. May as well not have ins imo.
1
Posted on 9/17/15 at 11:18 am to carlsoda
quote:
On the other hand, having a deductible that high is bad business too. May as well not have ins imo.
Ehh, if he is having to exhaust his savings and take out a loan of $6,000, I'm assuming his total bill is $10,500. Without insurance, that would be $17,500 based on the deductible and coinsurance numbers provided.
I'd say having some form of insurance surely helped him out.
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