Why and How I’m Living Without Insurance

I know what you’re thinking: why in God’s name would you ever live without insurance? Well, let me tell you…

Photo courtesy of StockSnap.io via EVG Photos

I’m someone who has had to seriously re-evaluate my life this year, as it has been tumultuous: I’ve changed jobs twice, I bought a house in an area I said I’d never live in, I’ve began and ended relationships, and I become responsible for my own I-9 business, among many other things. I mean, I went from an anxiety ridden, crazily co-dependent “girl”, to a medicated woman who is a homeowner that gets excited about things like crockpots and The History Channel. Shit has been real.

If you would’ve asked me even five years ago if I would ever go without insurance, I would tell you that you’re crazy. I also probably would’ve made some comment about how people who choose to go without insurance are stupid…oh, how the mighty have fallen.

I am choosing to go without insurance for a multitude of reasons:

  • I am sick of working for other people. I want to work for myself and take control of my life and situation. I have started my own business, and I am not paying for entrepreneurial insurance; this is mostly because I can’t afford it, but also due to the principal of it all. I am not spending $1000+ a month on insurance (that may or may not be used) that still has a $6000 out of pocket maximum. No.
  • The Healthcare Marketplace had my cheapest option at $325/mo, with an $8000 deductible (on these plans your deductible is also your out of pocket maximum). It’s also a catastrophic only plan. This option is still cheaper than the entrepreneurial insurance offered to me, but I still cannot afford to pay $325/mo for a catastrophic only at this point.
  • I found out recently, when I refilled a prescription, that my prescription was actually cheaper without insurance. Yes, you read that correctly. I was so confused that I made the pharmacy technician show me on the screen that she didn’t charge it to my old insurance, and then because I didn’t want to deal with my old insurance calling me in 7 months about a stupid prescription, I made the pharmacist also show me. Yes, my medicine is cheaper when I choose to pay cash than go through insurance. This is insane and asinine to me.
  • I am going to take advantage of programs such as GoodRx, FreshBenies, Virtuwell, MDLive, Doctor on Demand, Grace Alliance, and SingleCare. All of these services provide heavily discounted family doctor’s, therapist, and psychiatry rates, telemedicine, telehealth, support groups, and heavily discounted prescription rates.
  • I upped my medical payments on my car insurance to the legal maximum for my state, as well as adding no fault to the policy, meaning whether it’s my fault or their fault, I’m getting paid. This raised my insurance by $1.13 per month – I was shocked at how cheap it was.
  • I will be putting $5 in savings each week for potential hospital issues not related to car accident injuries. It doesn’t sound like a lot, but it’s what I can afford to “spare” right now, and I’m not so ignorant as to think that I will never in my life need hospital care.

But wait, there’s more!!

Photo courtesy via StockSnap.io via Freestocks

Health insurance isn’t the only insurance I’m going without!

I no longer have life insurance, so the bank will have a nice property if I die. I also no longer have the long list of insurances I paid for, for years, and never used: short term disability, cancer insurance policy, hospital insurance policy, etc. When I go back and look at how much money I could’ve saved by not buying those policies that I never used, I am embarrassed.

It’s so crazy how “okay” I feel without all of these policies. Maybe it hasn’t hit me yet, I’m not sure. Maybe I’ll regret it later, who knows? All I know is I’m happier than I’ve been in a long time, and at the end of the day, that is what matters most.

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