Quote:
Originally Posted by Playbig2000
Major accident would be covered by car insurance unless it's a fall outside of your house that's not covered by home owner's insurance. If I get a major illness I'll tell them to bill me, then I'll file for bankruptcy.
The things that concern me about that plan are:
Car insurance is not unlimited free healthcare, it's only up to what coverage you bought.
1. If the car accident is blamed on you (which can easily happen even if it wasn't really your fault) then your car insurance will only pay your medical bills up to what your coverage is (probably $5k or $10k, which can go quickly and be used up before you are healed).
2. If the car accident is blamed on the other person, then their car insurance (if they have it) will only
reimburse your medical bills up to what their coverage is (probably $25k or $50k?), then you have to sue the other driver if you need more $. And if they're poor there's no point in suing them because they don't have money to give you. (First your car insurance will pay your medical bills for you up to your coverage limit, then they'll get reimbursed from the other guy's insurance company. But after that you have to pay your own bills until you get reimbursed from the other guy's insurance company, and they don't want to pay until you are healed.)
I think some states have no-fault car accidents so you might never be able to get more than you're covered for if you live in one of those states.
Also, you can't even get seen by most places unless you have health insurance. So I guess you would have to pay what you can, then file bankruptcy and ruin your credit, then get on Medicaid, and then you only get medical care that accepts Medicaid?
Seems like a big stressful gamble. Especially if you live in Vegas where people drive like maniacs. If you don't have much money to lose who cares about the money, but your body has to last you your whole life. Your health is priceless.