Health Insurance at $650.00 per month & rising (deductible, taxes)

[CaTe0508]

Any recommendations for health insurance for self-employed?

Current Health Insurance: Monthly Premium steadily increasing by 10 per-cent every six months.
In September, monthly premium will be over $700.00 per month.

Thanks.

[TheGimp]

Originally Posted by CaTe0508

Any recommendations for health insurance for self-employed?

Current Health Insurance: Monthly Premium steadily increasing by 10 per-cent every six months.
In September, monthly premium will be over $700.00 per month.

Thanks.

hate to say it but maybe look into a part time job. I worked many years ago for a company where a good friend of mine had her own business with her husband. She was required to work 20hrs a week to recieve the medical benefits. Not the best option but it is an option. I think places like Chase, Wamu offer this.

[doss1]

How old are you? That may help.

I use Unicare and I'm self-employed. I pay about $100/month, but im in my 20s.

[ryneone]

I was about to say that is outrageous have looked into changing carriers?

If you are in a few high risks groups that might also be the problem.

[guyd78]

My wife and I were just quoted $255 per month, and that was for a high-deductible insurance ($2,500). That also includes a prescription plan. We figure we'll probably take our chances with the higher deductible, and we're fine with that.

[doss1]

If you're young or middle age, go for a "catastrophic" insurance plan, usually one with a high deductible. This will keep you monthly payments low. I did this and saved my ***** and went to the ER and got a bill for 20k. I only paid $500, but that was because I already nearly met my deductible (I think 2000).

[sapphire]

Agreed, it's much cheaper to forgo the coverage for doctor visits and definitely get the major medical. If you are disciplined enough to budget medical expenses every month you should be OK covering the regular visits, it's the big stuff that can ruin you financially. Keep your deductible fairly high and look for a cap on out-of-pocket annually.

[ddrewa]

i'm self-employed and have unicare. $280/month for my wife and me. not a high-deductible plan.

[sinsativ]

You can also join a group by going through a payroll company. Such as, Administaff, ADP, or such. they take you on for a small monthly fee. per number of employees, and then since youre a part of the overall group, youre able to get their group rates. The rate discount outways the small fee having them do your payroll. Also they can take care of your taxes and such. Just another idea.

[cwh]

Originally Posted by sinsativ

You can also join a group by going through a payroll company. Such as, Administaff, ADP, or such. they take you on for a small monthly fee. per number of employees, and then since youre a part of the overall group, youre able to get their group rates. The rate discount outways the small fee having them do your payroll. Also they can take care of your taxes and such. Just another idea.

I think you can do it though sams club business services as well.

But sounds like you need to get a high deductible plan and an HSA. This will probably save you a small fortune.