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by tricky
4908 days ago
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I got the green light to work on my startup full time. BUT, i have to figure out health care for my wife and infant before I can quit my job. We've been spoiled with a tremendous insurance for so long. Can anyone offer any advice or give helpful anecdotes about their experiences (good or bad) going solo with a family? |
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Many states add some rules to the providers, often to your benefit.
If you have any pre-existing conditions, having continuos coverage is really important in many states, as it prevents companies from denying coverage for those conditions... in many states even if you change providers, as long as you have some coverage.
In New York, where I am, after a lot of research, I ended up joining a chamber of commerce with my company and enrolling my company (me) in a group HMO plan.
This cost me 1535 a month last year, and will cost 1680 a month this year. This covers basically everything, most prescriptions, numerous tests and treatments my family has needed because of pre-existing conditions. (I pay $300 a year to be in the chamber, as well.)
Note: If my company had an employee and I wasn't a sole proprietor, these rates would be 10-15% less.
If I didn't know we would hit the deductible, I would have been on a high deductible plan. If you hit the 10k deductible on the plans I looked at, it costs the same as the plan we are on, you just may end up paying the whole thing up-front.
So, in short, New York, family comprehensive co-pay plan, 20k a year.
(Do COBRA as long as you can, first, if you can. COBRA will almost always be cheaper because your former employer will be a group and have better rates.)