Again, how much is a catastrophic emergency?
I had a heart cath. In the hospital less than 8 hours. Hospital bill....$17,000 plus. My wife spent three days in the hospital which included the weekend. One CT scan, nothing else, Hospital bill $14,000 plus. Neither cost included the doctors.
Catastrophic emergency? No Just Catastrophic expenses.
Eyes
And those amounts taken out of your savings for a rainy day...5yrs. = $60,000. Still not catastrophic enough to justify paying $12,000 a year for health insurance....