Medical Shock Resilience

Executive summary

A major medical event is the #1 cause of household bankruptcy in the U.S. Resilience requires both insurance and liquidity.

• Maximum out-of-pocket budget reserved annually
• HSA used as long-term reserve
• Secondary or supplemental coverage for chronic conditions

Key takeaways

• Maximum out-of-pocket budget reserved annually
• HSA used as long-term reserve
• Secondary or supplemental coverage for chronic conditions
• Income protection during recovery

Key strategies

1. Strategy 1

   Maximum out-of-pocket budget reserved annually

2. Strategy 2

   HSA used as long-term reserve

3. Strategy 3

   Secondary or supplemental coverage for chronic conditions

4. Strategy 4

   Income protection during recovery

Pro-tips checklist

• Negotiate hospital bills before paying
• Use HSA only after 5 years of accumulation if possible

FAQ