I'm Young & Healthy, Can I Skip Health Insurance?

The video discusses the cost and necessity of health insurance, especially for young, healthy individuals. It presents a scenario with Maria, who considers canceling her insurance to save money but faces financial ruin after an accident. The video explores alternatives like high deductible plans and health savings accounts (HSAs) to balance savings and protection against catastrophic events.

What is one reason people might consider not paying for health insurance?

• They believe they can save money for other expenses.

• They want to pay more taxes.

• They enjoy visiting doctors frequently.

• They think insurance is too cheap.

What financial goal is Maria considering prioritizing over health insurance?

• Starting a business

• Buying a new car

• Saving for retirement or a house

• Traveling the world

What unexpected event caused Maria to face significant medical debt?

• A cooking mishap

• A hiking injury

• A skiing accident

• A serious car accident

What is a potential risk of not having health insurance, as highlighted by Maria's story?

• Missing out on gym memberships

• Facing large medical bills after an accident

• Not being able to buy organic food

• Losing access to public transportation

What type of health plan could Maria have chosen to balance savings and protection?

• A low deductible health plan

• A family health plan

• A high deductible health plan

• A premium health plan

What financial tool can help Maria save for medical expenses while reducing taxes?

• A travel fund

• A health savings account

• A retirement fund

• A savings bond

What is the maximum out-of-pocket cost Maria would face with a high deductible plan in case of an accident?

• $1,000

• $2,500

• $4,000

• $10,000