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Micro-retirement
(lemmy.ml)
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this post was submitted on 31 May 2025
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Not in the US, if you have any medical conditions or if you don't want to gamble with the possibility of getting injured, or if you have a spouse or children who need your insurance.
Yes, fear is a major factor for why people don't do risky things for potential rewards.
As for having a spouse and children or a pre-existing medical condition, you're correct that only a certain portion of the population is able to do this. We already cut it down to people with something like a STEM degree that are able to do this.
You know, you can pay for private health insurance if you don't have a job. And if you have an emergency fund or (micro) retirement fund, it should include funds for health insurance.
~~As long as you line up your micro retirement with open enrollment (which, coincidentally, lines up with the winter and the holidays and therefore one of the most expensive time to travel) and~~
As long as you can afford to suddenly add anywhere from two to ten thousand dollars to your micro retirement plan depending on your health needs, and as long as you live in one of the few states where the most affordable plans are offered.
Take a look at each plan in the link below, and notice under "Pros and Cons" most of the affordable ones are offered in less than half the states, and still cost thousands of dollars.
Keep in mind, these list average plan costs under the ACA, but I specifically pointed out the issue of having conditions or injuries or spouses or children that would put you above average: https://www.forbes.com/advisor/health-insurance/best-affordable-health-insurance/
(Edit - also keep in mind, I'm specifically responding to a comment that said almost anyone with a stem education can do this. Some can, sure, but no, almost anyone with a stem education cannot do this.)
Leaving your job qualifies as a "life changing event" and allows you to sign up for private insurance under ACA. You don't need to wait for open enrollment.
Ah, thanks for the correction. I thought it had to be an involuntary job loss.