Your Emergency Fund Situation?

[Hector]

Originally Posted by nick__45

In addition, there is no need to have health insurance when there is no job. If hospitals treat illegals and gangsta free of charges, I'll be damn if I will pay for service if I need it. Hospital get tax money, which I heavily contribute every seconds of my life so service will be free when I need it and can't pay.

That is an interesting theory. You seem very conservative in financial matter. Of course you will be treated when you wont have insurance, but you cant escape the bills. And in case of major illness, though you will be treated, you will have to pay those bills and if you can't pay them, that situation will lead towards bankruptcy.

[Hector]

Originally Posted by disneysteve

Good luck with that plan. If you think going uninsured guarantees you good quality health care, you are delusional.

For everyone else, the first thing you should be doing if you see an impending job loss in your future is researching your health insurance options. COBRA is what most do, though it is expensive. The choices aren't all that good. They all get costly quickly.

I agree. Everyone should have health insurance all the time.

[couchrobt]

I think I have that emergency fund stacked somewhere. Thing is, I know I have it, just not so sure which one is which. Maybe I should restart and put the emergency fund in a passbook so I cannot just easily withdraw? But if that is the case, it is not for emergency anymore cos I will need to stand in line to withdraw cash over the counter. Tough.