“Managing health care costs are one of the biggest challenges for people seeking FIRE. When you leave your employee sponsored plan, you are forced to navigate the various health exchanges. The blogosphere is flush with opinions on what you should do.
I have seen opinions on these matters range from purchasing programs with health cost sharing ministries to medical tourism. Call me old fashioned, but traveling oversees for a medical emergency sound more like an episode of The Simpsons than sound financial advice. Health cost sharing ministries are not health insurance, and consumers do not have the same levels of protection with these programs as they do with insurance.”