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The only reason to buy insurance is to protect yourself from costs that you cannot afford to pay. It is the same reason to carry the maximum deductible on your auto insurance.While $30,000 is a nice amount of cash, can you afford to have to spend $100,000, $200,000 or even more in the case of a serious illness?You do not even have to get sick. What if you are in a car accident that is your fault? Your hospital bill runs $300k. Can you afford that? I suspect even if you have the cash, you will be devestated.Bill Gates and lots of other mega-millionaires can afford to self-insure. I suspect you cannot afford to.