In late January, I signed up for a silver plan on the health insurance marketplace and the monthly premium would be $200. I went over a decade without health insurance due to being marginally employed, then was covered by Obamacare for free before getting a full-time job recently. I’m middle aged and overweight but haven’t had any major health issues or expenses in the past except for some dental work. The health insurance doesn’t cover dental.
Now I’m thinking I’m better off just not having health insurance the next couple years because I’m going to be paying rent for an apartment and that $2400 would equal at least 1/3 of my rent plus I’m just now getting my credit card paid off after years of carrying a balance so $2400 is a lot of money to me.
I think I’d be better off socking away $2400 in a savings account or low risk investment. Over the next several years, $2400 per year could add up and cover any unexpected medical or dental expenses. The health insurance company just sent me a letter explaining how to create an online account and send payment. Is it too late to change my mind or can I just ignore the letter and not send a payment?