[wensheng]

One of the main things that prevents me from doing the same is health insurance. Will I be paying $2000 per month instead of $200 that I'm paying now for a good coverage.

What are my options? Can anyone shine some lights on this issue?

(I know it's a US thing, as those in EU have free health plan and all that.)

[callmevlad]

I'm in the same boat as the OP, and was able to find health insurance for about $500/month for a family of 4. The main catch is that it's a very high deductible, so we'd have to spend at least $5000 per year out of our own pocket (or HSA) for the insurance part to kick in. If I were to keep my old employer's coverage through COBRA, it would be closer to the $2000/month number. But if you're saving $1500 per month in premiums, and are reasonably healthy, having a high deductible "catastrophic" plan with some backup money in an HSA makes a lot of sense.

[wensheng]

Thanks for the info. It does seem to make more sense to opt for a high deductible plan.

[tarr11]

$2000 month is high (depends on your situation though). I've also done this, on Cobra, my payment is 1100 for a family of 4. If you have low deductibles, it would be higher.

You are probably also paying some part of your health insurance as it is (it will often come out of your paycheck pre-tax) You should check if that's going on.

In 2014, Health Insurance operations commence in each state due to the Patient Protection And Affordable Care act. So, if you resigned now, you could get Cobra for 18 months, and then switch to an individual plan.

[wensheng]

Thank you. Hope Obama get re-elected so PPACA won't be reppealed.