My insurance has a $7,000 deductible.. what is the point? NY

[ttebayo]

@jarkody It protects you in the event of a real emergency or serious illness so you don’t go bankrupt

 

[mountaintrip98]

@jarkody The point of insurance isn't to pay you back for every little sniffle. If it was it would be called a "reimbursement account" instead of "insurance". The point of insurance is to protect you from catastrophic loss. Like a $100,000 bill if you have a stroke.

 

[forgiven12]

@mountaintrip98 The point is insurance is to work with giant hospital corporations to scam the American people out of their hard earned money.

 

[forgiven12]

Possibly the largest grift in history and we just kind of eat it. It’s actually insane.

 

[jarkody]

@mountaintrip98 I understand that, this was not a sniffle I was in the ER and am nervous for the bill. Are there options for high bills since insurance will not cover it? $7k is almost 1/3 my income