Health insurance for the daredevil years

My father died when I was 21 and I was hired as a full-time university instructor when I was 28. In the intervening seven years, my health care consisted of one or two visits to a cheap sawbones and a well-thumbed copy of Prescription for Nutritional Healing. Overall, I was fairly lucky: apart from two wisdom-tooth extractions, a case of acid reflux, and a broken hand, I didn't have any problems that vitamins, cigarettes, and a decent exercise regimen couldn't take care of.

While I look back on my twenties as something of a narrowly-averted accident, I also realize that I was in a very large minority. According to Time magazine, 30% of 19-29 year-old Americans don't have health insurance. Luckily, many major insurers, including Humana and WellPoint, have begun offering ultra-cheap insurance plans (Wellpoint's "Thrill-Seeker," "Part-time Daredevil," and "Calculated Risk Taker" plans seem particularly appropriate for this demographic). Beginning at as little as $30 per month, these plans don't really offer much in the way of preventative care, and their deductibles are extremely large; in the case of Humana's cheapest plan, a $30 premium is paired with a $7,500 deductible.

On the other hand, speaking as someone who definitely dodged the bullet, if I had known about $30 per month insurance, I definitely would have taken it. As it is, I just thank my lucky stars that I didn't need any surgery!

Bruce Watson is a freelance writer, blogger, and all-around cheapskate. While an admitted picker, grinner, lover, and sinner, he's wondering if he can classify himself as a thrill-seeker, part-time daredevil, and calculated risk taker.

Increase your money and finance knowledge from home

Banking Services 101

Understand your bank's services, and how to get the most from them

View Course »

Intro to Retirement

Get started early planning for your long term future.

View Course »

Add a Comment

*0 / 3000 Character Maximum