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post #1 of 29 (permalink) Old 11-04-2010, 10:29 AM Thread Starter
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Health Insurance Question for Self-employed

I'm looking for a basic health insurance plan.
My soon-to-be employer does not provide a plan and I'll have to purchase my own.

The only reason I want to get health insurance is to cover myself in emergency situations, especially in this line of sport.

Other than that, I have 0 health issues.

I'm 24 and single.

Any recommendations?

Thanks
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post #2 of 29 (permalink) Old 11-04-2010, 10:30 AM
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post #3 of 29 (permalink) Old 11-04-2010, 10:34 AM
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Get a better job

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post #4 of 29 (permalink) Old 11-04-2010, 10:37 AM
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Get a better job

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post #5 of 29 (permalink) Old 11-04-2010, 10:42 AM

 
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first get 25 that's a big deal with insurance.

Gus
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post #6 of 29 (permalink) Old 11-04-2010, 10:44 AM Thread Starter
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Quote:
Originally Posted by resurrection View Post
first get 25 that's a big deal with insurance.
Didn't know that was also the case health insurance.
I'm working on it...
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post #7 of 29 (permalink) Old 11-04-2010, 10:49 AM

 
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Don't over insure if you have full coverage with your car (stats show this is most likely how you'll get hurt post 25)

Get a high deductible major medical plan (no bells or whistles) in case you come down with something.

Blue cross and blue shield.

Stay away from fly by night company

Gus
We offer three kinds of service @ Resurrection
GOOD - CHEAP - FAST
You can pick any two
GOOD service CHEAP won't be FAST
GOOD service FAST won't be CHEAP
FAST service CHEAP won't be GOOD
and cold beer.

I'd love to help but I don't chase parts.
Please contact other forum members and supporters for parts.
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post #8 of 29 (permalink) Old 11-04-2010, 10:56 AM Thread Starter
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Quote:
Originally Posted by resurrection View Post
Get a high deductible major medical plan (no bells or whistles) in case you come down with something.
Can you please elaborate?
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post #9 of 29 (permalink) Old 11-04-2010, 10:59 AM
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Quote:
Originally Posted by resurrection View Post
Don't over insure if you have full coverage with your car (stats show this is most likely how you'll get hurt post 25)

Get a high deductible major medical plan (no bells or whistles) in case you come down with something.

Blue cross and blue shield.

Stay away from fly by night company
Be careful with the car coverage, I am not an insurance broker, but my understanding is that you the Medical on auto policies is liability coverage, which will cover whomever you injure, but not yourself.

Greg

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post #10 of 29 (permalink) Old 11-04-2010, 11:05 AM
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Quote:
Originally Posted by Gone in 3 View Post
Can you please elaborate?
Something that is all out of pocket till you hit a high lets say 2500 deductable. It has a low premium tho. In conjunction you can open a HSA which is tax free.

Jordan
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post #11 of 29 (permalink) Old 11-04-2010, 11:14 AM
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Quote:
Originally Posted by gsd656 View Post
Be careful with the car coverage, I am not an insurance broker, but my understanding is that you the Medical on auto policies is liability coverage, which will cover whomever you injure, but not yourself.
Depending the policy I'm sure this differs, but normally not the case, I've been hurt before in a car accident and my (auto) insurance paid out 5k or 10k in medical bills

Tom
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post #12 of 29 (permalink) Old 11-04-2010, 12:15 PM
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The G/F is going through this with a new job, and after being on unemployment for awhile.

Find a high deductible plan. Example, if you go to the hospital, you pay a $500 deductible. You go to the doctor, expect to pay $250.

Second, after you have a sampling of the high deductible plans from several providers, (I have Humana from work, HAD Blue Cross Blue Shield with last job), look at the out of pocket maximums for In-network vs. Out of Network. Typically, in network will be capped at $3500 / year roughly. So that means you pay some % (mine is 50%) of medical bills up to your yearly cap. After that, your insurance will pick up 100%.

Typically for out of network, your cap works different. You'll pay 50% up to the cap, then some % of all medical bills afterwards. Mine is around 30%.

Your yearly cap amount AND deductible will determine your cost / month. The higher the cap and deductible %, the less you pay for the same coverage.


Coverage wise, you want to make sure that you are covered for standard emergency type illnesses. Long term illnesses (cancer, infection, etc.). And that your standard hobbies are not excluded. The one big item you want, is to be covered In-network or emergency care 100% after a yearly cap ($3500). This will prevent HUGE medical bills in case you break your leg, etc.

Company and I combined pay in $4700 a year for medical. Without the group buy advantage, expect to pay $6000 a year for the same coverage. $500 / month. But my yearly cap and deductible, even under the high deductible plan is pretty low.


That's pretty much what Ive learned looking at insurance for the G/F.
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post #13 of 29 (permalink) Old 11-04-2010, 02:48 PM

 
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My recommendation.

High deductible, with a Hospital Income plan through State Farm.

The two paired together will be cheaper than a lower deductible plan, and you'll have less out of pocket.

For example, in my case, I had a $3,500 deductible (insured by myself, not through an employer). When I got hurt and had my knee surgery, My hospital income plan paid me $1,250 which helped offset the $3,500 ded. For whatever I pay, something like $20 a month, its well worth it.

That's your best bet for an "emergency" only type policy. High deductible, hospital income policy. Done.
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post #14 of 29 (permalink) Old 11-04-2010, 02:49 PM
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BCBS as an interim solution.

Start looking for a real job as a long term solution

===========
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post #15 of 29 (permalink) Old 11-04-2010, 02:50 PM

 
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Quote:
Originally Posted by IceCold81 View Post
Depending the policy I'm sure this differs, but normally not the case, I've been hurt before in a car accident and my (auto) insurance paid out 5k or 10k in medical bills
Yes...this is correct.

You have something called "Med Payments" coverage on your auto policy. This only covers you if you are in an accident in your car and have medical bills. This does not cover you outside of your car. The purpose of med pay is originally to pay for your health insurance deductible, but with so many people being uninsured when it comes to health insurance, those med pay payments pay out to the max many times (whatever you choose 1K to 100K).
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post #16 of 29 (permalink) Old 11-04-2010, 02:52 PM
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Quote:
Originally Posted by PolishPete View Post
Yes...this is correct.

You have something called "Med Payments" coverage on your auto policy. This only covers you if you are in an accident in your car and have medical bills. This does not cover you outside of your car. The purpose of med pay is originally to pay for your health insurance deductible, but with so many people being uninsured when it comes to health insurance, those med pay payments pay out to the max many times (whatever you choose 1K to 100K).
RIGHT ON!

Tom
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post #17 of 29 (permalink) Old 11-04-2010, 02:52 PM
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Quote:
Originally Posted by Gone in 3 View Post
I have 0 health issues.

I'm 24 and single.

Any recommendations?

Thanks
I doubt that .
I can see why , in your avatar.
Seek proper help or Backpage.com

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post #18 of 29 (permalink) Old 11-04-2010, 03:02 PM
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Quote:
Originally Posted by resurrection View Post
Don't over insure if you have full coverage with your car (stats show this is most likely how you'll get hurt post 25)

Get a high deductible major medical plan (no bells or whistles) in case you come down with something.

Blue cross and blue shield.

Stay away from fly by night company
+1 That is what I did, $5000 deducible, Blue Cross Blue Shield, don't forget dental, you can go to a community college that was a dental hygienist problem they will clean your teeth for $10. I go to a regular dentist once a year.

Sometimes goodbye is your second chance.
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post #19 of 29 (permalink) Old 11-04-2010, 03:09 PM
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Quote:
Originally Posted by STANIMAL View Post
I doubt that .
I can see why , in your avatar.
Seek proper help or Backpage.com
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post #20 of 29 (permalink) Old 11-04-2010, 03:13 PM Thread Starter
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Ya'll are haterz of my avatar yo.
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post #21 of 29 (permalink) Old 11-04-2010, 04:11 PM
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Originally Posted by Gone in 3 View Post
Ya'll are haterz of my avatar yo.
Are you trying to convince us that burqas are a good thing?
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post #22 of 29 (permalink) Old 11-04-2010, 04:28 PM
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have you negotiated a higher salary as a result of not being offered insurance? I sure hope so

Mike

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post #23 of 29 (permalink) Old 03-08-2011, 09:40 PM
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so what did u end up going with? im shopping for insurance right now.

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post #24 of 29 (permalink) Old 03-09-2011, 07:00 PM

 
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so what did u end up going with? im shopping for insurance right now.
Always available to help if you need it.

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post #25 of 29 (permalink) Old 03-09-2011, 07:24 PM

 
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Always available to help if you need it.
Can I switch my current policies to you?

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post #26 of 29 (permalink) Old 03-09-2011, 07:40 PM
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Quote:
Originally Posted by Stone Him View Post
I'm looking for a basic health insurance plan.
My soon-to-be employer does not provide a plan and I'll have to purchase my own.

The only reason I want to get health insurance is to cover myself in emergency situations, especially in this line of sport.

Other than that, I have 0 health issues.

I'm 24 and single.

Any recommendations?

Thanks
then, you probably won't mind a high deductible policy.

2004 Silver Honda CBR1000RR
2003 H.D. V-ROD
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post #27 of 29 (permalink) Old 03-09-2011, 08:24 PM
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Quote:
Originally Posted by 2weelpilot View Post
have you negotiated a higher salary as a result of not being offered insurance? I sure hope so
how about.....A.........salary.

Quote:
Oh he can drive. He can drive beyond the limits of the tires, the engine, the car or anything else.
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post #28 of 29 (permalink) Old 03-09-2011, 10:52 PM

 
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Quote:
Originally Posted by Stone Him View Post
I'm looking for a basic health insurance plan.
My soon-to-be employer does not provide a plan and I'll have to purchase my own.

The only reason I want to get health insurance is to cover myself in emergency situations, especially in this line of sport.

Other than that, I have 0 health issues.

I'm 24 and single.

Any recommendations?

Thanks

Check with Eva. DJDIVA on here? She can help you out.

Brandon Parrish (Search him on the WERA site) also gave me a good quote for major medical coverage like your looking for.

Greg K.
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post #29 of 29 (permalink) Old 03-10-2011, 06:28 AM
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Thanks Greg! I PM'd him yesterday :-)

And, Greg please call me at the office when you have a chance about what we talked about at the IMS Show. You've been on my list to contact, but I don't have your number...

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