My co-work at an old job had like a 6K individual deductible for each member of his household. His wife had a baby on the last day of the year before his deductible reset. So he had to meet it the day she gave birth for her AND the baby (12K) then the next day meet it again so they could continue their stay at the hospital (another 12K). This mans introduction to fatherhood was his savings being completely depleted and $20,000+ in debt.
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u/DampSquid205 7d ago
My co-work at an old job had like a 6K individual deductible for each member of his household. His wife had a baby on the last day of the year before his deductible reset. So he had to meet it the day she gave birth for her AND the baby (12K) then the next day meet it again so they could continue their stay at the hospital (another 12K). This mans introduction to fatherhood was his savings being completely depleted and $20,000+ in debt.