U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Work and Employment
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 09-30-2017, 08:56 PM
 
Location: cary, nc
609 posts, read 379,488 times
Reputation: 660

Advertisements

Been in corporate America for over 20 years and have always had health insurance either through employer or through ex wife.
Planning to quit my corporate work next year and work for myself. I'm setting up an LLC for this.
Anyone has good advice on good health insurance options? I'm between 45 and 50 years old.
Reply With Quote Quick reply to this message

 
Old 10-01-2017, 04:55 AM
 
506 posts, read 267,495 times
Reputation: 2301
The ACA will soon be open for enrollment from Nov 1 to Dec 15, for 2018. I'd go there and poke around to see if there's a suitable plan. And since you're leaving your Big-Corp job, you may even qualify for subsidies since they are based on income level.

You can also call up healthcare brokers, there are plenty of them around. Most of them are compensated by steering you towards specific plans, so caveat emptor.

Remember you have ~20 years to go before Medicare, and God knows how the health insurance landscape will change in-between. Health insurance is something I wouldn't go without. My daughter had a rare condition 3 years ago which would have bankrupted me, if not for insurance.
Reply With Quote Quick reply to this message
 
Old 10-01-2017, 06:17 AM
 
Location: Colorado Springs
4,830 posts, read 4,940,887 times
Reputation: 17284
I'll bet there tons of "entrepreneur wantabees" who remain chained to the big employer hamster wheel solely due to a need for health insurance.

The problem with relying on ACA is that nobody knows its future.

Sticking with a job you hate solely to have health insurance is anything but freedom.
Reply With Quote Quick reply to this message
 
Old 10-01-2017, 07:21 PM
 
Location: cary, nc
609 posts, read 379,488 times
Reputation: 660
Thanks all for the answers.
Reply With Quote Quick reply to this message
 
Old 04-25-2019, 07:32 PM
 
Location: North America
5,936 posts, read 4,665,678 times
Reputation: 1924
Quote:
Originally Posted by 2nccoast View Post
The ACA will soon be open for enrollment from Nov 1 to Dec 15, for 2018. I'd go there and poke around to see if there's a suitable plan. And since you're leaving your Big-Corp job, you may even qualify for subsidies since they are based on income level.

You can also call up healthcare brokers, there are plenty of them around. Most of them are compensated by steering you towards specific plans, so caveat emptor.

Remember you have ~20 years to go before Medicare, and God knows how the health insurance landscape will change in-between. Health insurance is something I wouldn't go without. My daughter had a rare condition 3 years ago which would have bankrupted me, if not for insurance.

The Bronze Plan premiums have gone up quite a bit in the last six months.
Reply With Quote Quick reply to this message
 
Old 04-25-2019, 09:46 PM
 
Location: Aurora Denveralis
8,579 posts, read 3,001,676 times
Reputation: 12769
Effectively, none. Plan on at least $15k/year for fairly crappy coverage. Hope your new endeavor makes a lot more than that.
Reply With Quote Quick reply to this message
 
Old 04-26-2019, 01:56 PM
 
Location: East of Seattle since 1992, originally from SF Bay Area
29,749 posts, read 54,373,866 times
Reputation: 31035
What worked for me was having a spouse cover me through her employer plan. During the time when she was not working I was paying an exorbitant amount for a private plan, over $700/month for whole family and that was in the 1990s. Rates are a lot more now yet it's only you, so I wouldn't think it would be that bad. At the time that was the lowest rate I could find, through the NFIB (was a member).
Reply With Quote Quick reply to this message
 
Old 04-26-2019, 02:09 PM
 
Location: Aurora Denveralis
8,579 posts, read 3,001,676 times
Reputation: 12769
I'm in much the same boat as the OP (and I now note this is a zombie thread; fachrissakes I wish vBulletin or some developer would write a mod that flags old threads!) and even with much experience in negotiating corporate insurance for many employees, finding insurance for a family/business situation during the pre-ACA years and navigating the messy world of ACA insurance, I don't know of any good solutions for the solo, self-employed person. The tiers of ACA support are simply not structured for a person making a moderate amount of money on their own. If there's any option that can even laughingly be called "good," I haven't found it.
Reply With Quote Quick reply to this message
 
Old 04-26-2019, 03:10 PM
 
3,899 posts, read 2,740,705 times
Reputation: 7177
We belong to a healthcare sharing ministry as do many other self employed and early retired people from our church.
Reply With Quote Quick reply to this message
 
Old 04-26-2019, 04:34 PM
 
Location: Aurora Denveralis
8,579 posts, read 3,001,676 times
Reputation: 12769
Quote:
Originally Posted by KaraG View Post
We belong to a healthcare sharing ministry as do many other self employed and early retired people from our church.
There are some 'industry' groups out there, yes. But most are as narrow and specialized as this, with some aspect of group charity or charitable support involved.

Joe Q. Entrepreneur is dangling in the wind.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Work and Employment
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top