Julie Arkison remembers what it was like to buy health insurance before the Affordable Care Act created standards for coverage. The policy she had was from the same insurer that covers her now, but it did not pay for doctor visits, except for a yearly checkup and gynecological exam.
My homeowners insurance has a $25,000 deductible for hurricane damage. Is that junk insurance?
What we should be asking is why do we have or want any insurance to pay for routine doctor visits which would likely cost less if we paid cash. The fact is in a given year most people do not incur sufficient expenses to meet their deductible (and that was before high deductibles). Why do we want to pay higher premiums for what amounts to a routine expense?
What non-essential purchase(s) do you spend say $400-$500 on in a year? Why shouldn’t those purchases be replaced with the cost of three or four office visits?