He bought health insurance for emergencies. Then he fell into a $33,601 trap

May 11, 2021 ☼ trumpacaobamacarejunk-plans

Source: MPR News

Link: He bought health insurance for emergencies. Then he fell into a $33,601 trap

Monthly premiums for the two short-term plans he bought were surprisingly cheap at around $100 a month each, with reasonable co-pays for routine doctor visits and treatments. Best of all, the first plan he bought promised to cover up to $1 million in claims, the second up to $750,000. That should more than do it, he thought. Dowd was 31 and healthy but wanted protection in case of a medical emergency. He signed up and began paying his premiums without closely reading the details.

Then he was hit with the very kind of emergency he had feared. And he wasn’t protected after all.

Read the fine print. TANSTAAFL.