10-05-2013, 03:42 PM
quote:
Originally posted by afwjam
Has anyone else actually run the calculator and figured out their costs?
You are basing your calculation on the flawed assumption that your current to date medical expenses will remain the same in the future.
All insurance is based on the assumption of having it when needed.
When you consider that aspect, a dog, a home security system, even a gun can be considered a form of insurance. You only need it when you need it. But it costs something to have.
To date, you have never needed it. A simple appendix removal, assuming no complications and not done under an emergency situation can cost up to 15K. Under emergency situations, it may run 150K.
At that point, there really is no time to negotiate. The same with car insurance. What if the "other guy" has no insurance and runs a red light, hitting you? Homeowners insurance. What if the tree falls and collapses your house?
You can't but it after the calamity happens!