Fine for a one time event. Get a chronic condition or one requiring yearly treatments & you are out of luck.<quoted text> Why not get catastrophic injury/illness insurance and put the cost savings in the bank to pay for doctor visits/minor medical? Throwing money away is for suckers!!!
Calculate typical yearly expenses & compare it to the differential costs on certain deductibles & then factor in what hitting the max deductible in costs does to your finances. If you carry a 5K deductible, what happens when you hit it.
Getting a 5K medical bill is no prize. Finding you can't get insurance the following year really sucks.
Its dangerous game playing. Its called insurance. Quit being cheap & protect your family.