Quote:
Originally Posted by xoxoxoBruce
Now my brother, who is 54, reasonably healthy, and single, has decided to drop his health insurance which costs him close to $500 a month. He figures it's cheaper to pay the federal and state(MA) penalties, then buy insurance (pre-existing conditions allowed) if something serious develops.
Is there a flaw to this reasoning?
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None. I would rather pay an $800 penalty when I need it and save all the money in between.