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It's most likely a misconception that medical bills are the leading reason for insolvency (some research study pegs it at just around 4%), however everybody agrees that if you're stretched too thin financially, and then you have a tremendous medical expense on top of that, it isn't great. By the way, when the Affordable Care Act was originally passed, you had to pay a penalty tax for going without health protection unless you fulfilled particular exemption criteria, including financial difficulty.
(If you were uninsured in 2018, you will be penalized on your 2021 tax kind for that.)So, sure, you might argue: "Hey, no cost. I don't need to get health insurance coverage." You might argue that, but please do not. The Affordable Care Act has been bogged down in debate for many years, partly due to the needed charge, but whatever one's feelings about the ACA, we can most likely all agree that it's a great idea to have health insurance. http://jeffreysweu009.cavandoragh.org/the-main-principles-of-how-long-can-children-stay-on-parents-insurance |
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