“A ₹ 3.5 Lakh hospital bill at 2 AM showed me how ‘rich on paper’ I actually was. Why health crises are our biggest financial blindspot,” the man wrote.
An individual posted, “This is precisely the reason why an emergency fund should be kept liquid for immediate access. Don’t try to maximise gains on emergency fund money. Another suggested, “Please get the credit card with a higher limit, which can help in emergency cases mostly. This point is not discussed much anywhere, but really, a credit card with a good limit is helpful during an emergency. A third commented, “My friend also faced the same situation, he doesn’t have any cash with him and his emergency money is in a liquid fund, but he has high limit credit cards (close to 10L all cards combined). He used that credit card in the hospital. Later, he liquidated some of his funds and paid the bills.”
He explained, “Two weeks ago at 2, I stood in a hospital lobby while my mom was in the casualty ward unable to pay a ₹ 1.5 Lakh advance deposit. On paper I was doing well— ₹ 12 Lakhs in funds a stock portfolio and a ₹ 10 Lakh corporate health insurance policy.. Cash in my bank account was only ₹ 18,000 and the TPA office would not open until morning.
