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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.
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 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.
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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).
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.
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.
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