So You’re Thinking About Going Uninsured, Eh?
We heard you’re a very healthy gal / guy.
That stomach bug your friends got hit with last spring? Your bulletproof immune system snuffed it right out. You didn’t even catch a sniffle, did you?
And that epidemic case of mono that wiped out half your high school Sophomore year? You danced straight through the school-year without so much as a sore throat. All while smooching whomever you darn well pleased.
You’re a resilient one (some say invincible). Strong as an ox. Healthy as a horse. Sturdy as an oak tree. Happy as a clam. Heck, you haven’t even been to the doctor’s in years.
And for all of these reasons, you’ve decided you’ll save yourself a pretty penny by going uninsured this next year.
A word of advice: Please don’t.
Why not? Well, for starters, the IRS recently stated they are straight up rejecting any tax return that lacks health insurance disclosure.
In the past (under the Affordable Care Act) the law has required that most Americans get health insurance or else you’d get hit with a $695 fine (or 2.5% of your annual salary — whichever is more). But that law was pretty loosely enforced. Meaning, you could have gone uninsured before, flew under the radar, and maybe not had to pay the fine.
This upcoming year, however, that changes. Now, you must disclose whether you had health insurance or not. Meaning, if you didn’t have health insurance and you file your tax return, you’ll get hit with that hefty fine.
Taxes and civic duties aside…
Sure, it’s possible—likely even—that you’ll make it through 2018 unscathed and healthy as ever before.
But it’s also possible (wait for it) you won’t.
We’re not huge fans of fear mongering here, but as a health insurance company we’re kind of obligated to tell you this: Without health insurance, you could go bankrupt in a matter of days if you got into car accident or came down with a major unexpected illness.
To give you an idea: One day at a Colorado hospital costs at least roughly $2,100-3,000, and that’s before testing or surgery.
And, honestly, do you really want to be that annoying person launching an Indiegogo campaign for yourself? Asking your friends and family for their hard-earned cash to fund the surgery you need because you ate one too many edibles and yard-saled while snowboarding in Steamboat?
Not a great look…
Alright, alright, enough scare tactics. Let’s talk mindset.
Wouldn’t you just FEEL better with a basic, cover-your-butt insurance plan? A simple, reliable safety net. That way you can ski, mountain bike, hike, do the worm, do a back-flip gainer, do whatever else you crazy kids do, with complete and total peace of mind.
And you know what? You could do it without breaking the bank.
Let’s talk brass tacks
A Catastrophic Plan (the most basic and wallet-friendly health plan) is probably going to cost you, on average, a couple hundred dollars a month. Let’s say $2,000-$2,500 a year.
Now, how much is $2,500, really?
There are plenty of ways to think about it. Here’s one: $2,500 a year is about $7 a day. That’s the equivalent of making your own coffee and eating out one fewer day a week.
Here’s another: It’s $52 a week or (weekend). That’s like 4 overpriced drinks at the bar. Pretty easy fix. Just invest more heavily in the pre-game.
Anyway, you get the point. And at the end of the day, you can find your own justifications. It’s your health and your money.
But one last thing.
So my boss would be peeved if I didn’t ask you to at least do this: Take 47 seconds and have a look at our plans (especially the Catastrophic and Bronze Plans). I think you’ll really like what you see.
And if you have any questions while thinking on this, feel free to reach out to us. We’ve got a friendly, super helpful service team (novel concept, right?). Anyway, they’re pretty much the best and would love to walk you through things.
-The Friday Team
PS: If you make under $47K a year, you could qualify for a premium subsidy (and save lots of money on your plan). Call us to learn more: 844-451-4444