Georgia Lee Hussey, CEO of Modernist Financial, a planning firm in Portland, Oregon, helps clients make financial decisions that align with progressive values. He said it is important for young adults to aim for financial independence whenever possible.
“If you can afford it, get your own health insurance,” Hussey said.
conversation with family
Conversations about financial decisions such as health insurance can cause tension between parents and grandparents and their children due to generational differences. Hussey said people need to focus on developing understanding and empathy when sensitive issues arise.
“What we don’t talk about as often as we’d like is the economic realities and changing expectations of young people,” Hussey said. there is a place.”
And it helps to remember that everyone has unique health needs that factor into making the right decision about insurance.
“There is no one size fits all, especially when it comes to issues as delicate as healthcare,” said Noah Damsky, co-founder of Marina Wealth Advisors in Los Angeles.
However, a good place to start is by educating yourself on health insurance vocabulary. Recently, he went from being on two plans at once to only being on his employer’s plan. He said he felt like
“I’m really paying for my stuff now,” she said. “It’s kind of crazy.”
Ms. Prick, who lives in Jacksonville, Fla., added that her parents told her about deductibles and copayments (copayments are the costs of doctor visits and post-insurance procedures). . “A lot of it depends a lot on how much you want to pay a month, what your plan covers, what your employer gives you, so it’s not something you can figure out on your own with just Google.” she said.