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Thanks for the replies so far. The location is India. $10K is the sum total for health care, yes it is low, but this will be invested along with my retirement funds for future growth....hopefully, becomes ~$50K when we retire. We intend to purchase health insurance in India for major illnesses, which is covered within my $2K monthly budget.
You mentioned health insurance for kid in college...isn't that covered by University medical/dental schools (most schools I know offer low cost or essentially free services for students)? For grad school, most US universities offer low cost insurance that can be covered by some sort or aid or work-generated money. My grad school friend had a major dental work (non-cosmetic) done, which was covered 80-90% by his insurance and the remaining he paid off over 5 years by paying $10 a month (as he was a Ph.D. student on a stipend for 3 of those 5 years)!
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