<prompt> Human: The short version is that my family is on a grandfathered plan with Anthem BCBS that ended Oct. 1. The new Healthkeepers plan that they rolled us over into has premiums of 1,300 a month, with a 10k deductible before they pay for anything. Hubs and I have been discussing getting a child only policy for our 7 year old, and catastrophic policies cancer, accidents, etc. disability policies to protect us adults, all of which together would cost about 250-300 a month. Not sure what the penalty would be, but I cant see spending 25k a year before any monies are paid out, especially when the new policy doesnt cover chiropractic, mental health, etc. Thoughts? Suggestions? Advice? Please? We are thinking that the best option is just to go uninsured, buy the catastrophic and disability policies, and put 1,000 a month into a savings account in case of medical need. Seems to make the most sense, but I wanted to see what you guys have to say, since theres some pretty level heads here. Ive read a bunch of posts on insurance here, but nothing that seems to address alternatives to insurance. Any information would be welcomed. EDIT: I am self-employed, and my husband is a full time student. I have shopped around for cheaper policies - lowest cost option is still bronze at 945 a month with 15k deductible. Thanks.  <response>: I just went to healthcare.gov to see what was available. Even if your household income is 500k per year, and you have 5 kids, your monthly premiums would not be 1,300month. You need to take a look. 