<prompt> Human: Many studies and Internet anecdotes seem to suggest that people still go into medical bankruptcy even with insuranceHow is that possible when most at least my insurance has an out-of-pocket maximum? For example, my employers insurance plan has a 7,500 out-of-pocket maximum---a hefty sum, but certainly affordable given the standard saving ratio advocated in this sub e.g. 30 of a 90k salary. Does that mean that while many Americans do struggle with medical bills, as long as I follow this subs saving ratio, I should be OK?Im asking this because my family has deep history of cancer, and I want to make sure that I dont go into bankruptcy when it comes my turn.Some potential complications I can think of:1. Due to illness, I may be unable to perform my duties, lose my job, and the insurance. Cant I still purchase Obamacare which also has an out of pocket maximum? If I save enough now that I can afford 10,000 in medical bills every year for several years, should I be okay?2. Insurance doesnt cover out of network bills. How often do people have to go out of network for, say, cancer? Is it possible to stay in network entirely? If not, does that mean I should pay close attention to the network of my insurance plan?3. Insurance doesnt things like supplies, OTC med. Is this true? Is it possible to just stick to things that insurance covers?  <response>: Due to illness, I may be unable to perform my duties, lose my job, and the insurance. Cant I still purchase Obamacare which also has an out of pocket maximum? If I save enough now that I can afford 10,000 in medical bills every year for several years, should I be okay?Obamacare is not insurance. Obamacare is a slang name for the Affordable Care Act. The ACA increased insurance coverage in two major ways: set up exchanges to buy private insurance potentially with statefed subsidizes and expanded medicaid to more people only in states which agreed to do it, some red states stomped their feet and didnt do it. To this end buying Obamacare is simply purchasing private insurance on an exchange, potentially with a subsidy. This is still often very expensive premium wise and still has things like deductibles. If you no longer work heck even if you do work theres many situations and states where it will be unaffordable. 