Question to those self employed
 

I've just recently become unemployed and have thought about working on my own, one of the biggest question I have is what do you guys do for health insurance. I was the main carrier for my family and the wifes job doesn't have a very good plan. Any ideas??

$1975.00 PER MONTH 5 guys . Welcome to the world of self employed . O and don't for get the $1600.00 per week payroll taxes. Oh and workmans comp insurance??????? Have to ask my wife that one she takes care of the bills .... Have fun:lol:
Mario

Pay it yourself....Part of the freedom:D

Yup! Along with the freedom comes the added responsibilty of not being under Big Brothers protective wing. It's a lot of hard work but once you get it going it's SOOOO worth it!:yes:

John

That's right, and everything else.

I always say a business takes at least 5 years to get on it's feet before you start to make money. So hunker down and watch those pennies in the beginning, it will suck now but be worth it in the end. :thumbsup:

And don't forget you will be thinking about your company 24 hours a day. :yes:

The good old days. You can also find yourself distracted easily. Let's see here....ladies, cars, booze, cars, ladies:D

My family is on a co op group of other small business, Lisa Michael and I are $500 month.

I married well (she works in the health care field), but health care is a tough one. If you can't afford the full meal deal, I would probably add a major medical policy above and beyond whatever your wife's plan covers, that way you're much better off should the worst ever happen. You know what they say...if you have it you won't need it.

Tobin
KORE3

MY wife has a job at Blue Cross so Im lucky there but I have been thinking of trying to see what I can find for my help. This thread should be interesting to see what everyone does.

Thanks for the replys guys, this is the biggest issue that has faced our family since we moved to the States 10 yrs ago. We have looked at alot of plans and alot are expensive, pescriptions are our biggest delema,myself,wife and oldest daughter require monthly meds and so far all we looked at it's cheaper just to pay for the meds out of pocket then go with a plan. I just wondering the names of some of the plans you use and what deductibles are.


sounds alot like my old job:lol: but that was along time ago and good times but we've grown older and wiser:lol:


love this so true so true.

insurance
 

I have been in buisness for 20 years it took 80 -100 hours a week to make ends meet and after about 3-5 years it gets better you only have to work 60-80 hrs a week. I would not have it anyother way.:thumbsup:

X 2 :thumbsup:

Or you could do what I do..........without!!!

But seriously, shop and research as much as you possibly can.
You'll find something decent eventually but it will cost, period.

I have a group plan (2+ employees/members) with Blue Cross/Blue Shield (now Anthem). For myself $400/mo (best plan they offer), and for my partner/his wife/1 child $720/mo (2nd or 3rd tier plan).

I had an individual plan before I made him my partner, and I can tell you there is a huge advantage of having a group plan (either reduced or eliminated pre-existing condition clause issues) and you get more plan for your $.

Instead of calling all the different medical insurance companies, I went thru a broker who represented all of them. I was able to call 1 person and compare what each company offered and the cost for each of the plans. I paid the same price thru the broker that I would have if I called the insurance companies directly.

I have been using the same broker for the last 8-9 years and when my current medical insurance company decided to jack up my rates, I call my broker and compared prices and coverage. If he finds me a better deal, I switch.

If you can, avoid any gaps of not being covered. It tends to be tougher to get the insurance coverage back up and running.

Hope the info helps