I own a business with my husband and will soon be quitting a fulltime office position to help him run this business. I am wondering what everyone here does for Health Insurance? I will be losing our coverage in this move. Does anyone have any good sound advise for this?
Call an insurance broker and discuss your options. Because brokers are
independent, they will tell you all of your available options.
You may be able to qualify for a group plan as a business owner. Particularly
if you and your spouse are managers of an LLC. Contact your local broker for
details.
I own my own business and I found really good rates at einsurance.com. They check all the different companies in your area and usually give a the best rate.
Dr. Ben Erlandson -Chiropractor
Not only do you get the obvious tax breaks, but some states have programs where if your business's profits do not hit a particular benchmarch, they will reimburse you for a portion of the insurance premiums.
BizResearcher | Window Shopper |
9/1/2010 - 8:04 am
In some communities chambers of commerce offer group health insurance plans at reduced rates to their members. You might check with your local chamber.
We usually work with our insurance agent to help us find the best health insurance for our needs. He helps us compare options and prices. You need the right balance of monthly payments and deductibles. Health plans can get complicated as well, so our agent helps us understand all the details.
You should start looking for health insurance before your husband quits. It takes a couple of weeks to get it all done. You might have to go through health exams. The younger and healthier you are, the easier you can get a health plan on your own. Worst case, you can use COBRA till you get a better health plan.
We usually work with our insurance agent to help us find the best health insurance for our needs. He helps us compare options and prices. You need the right balance of monthly payments and deductibles. Health plans can get complicated as well, so our agent helps us understand all the details.
You should start looking for health insurance before your husband quits. It takes a couple of weeks to get it all done. You might have to go through health exams. The younger and healthier you are, the easier you can get a health plan on your own. Worst case, you can use COBRA till you get a better health plan.
Self Employed people get a tax break on their heath insurance; talk to your CPA as this usually can offset the increase costs. However, I do find having health insurance privately and not through an employer to be much better since you have a lot more options on what you get with your policy. Consider also finding a health insurance plan that is HSA compliant as that's another 3k a year you can get tax defered.
Self Employed people get a tax break on their heath insurance; talk to your CPA as this usually can offset the increase costs. However, I do find having health insurance privately and not through an employer to be much better since you have a lot more options on what you get with your policy. Consider also finding a health insurance plan that is HSA compliant as that's another 3k a year you can get tax defered.
Yes you would lose the coverage. I would suggest to just spend the money on a good health insurance. In case anything does happen you wont be sorry. This is one sector I dont go cheapen up on.
SunCityFinancial | Window Shopper | 8/2/2012 - 4:15 pm
independent, they will tell you all of your available options.
You may be able to qualify for a group plan as a business owner. Particularly
if you and your spouse are managers of an LLC. Contact your local broker for
details.
JimD | Former Moderator | 9/7/2010 - 5:13 am
skijump62 | Window Shopper | 9/6/2010 - 5:16 pm
johnf | Performer | 9/5/2010 - 1:49 pm
roccobeatrice | Creator | 9/3/2010 - 7:33 pm
BizResearcher | Window Shopper | 9/1/2010 - 8:04 am
teamextension | Contributor | 8/31/2010 - 10:14 pm
NRiddle | Contributor | 9/1/2010 - 12:38 am
gretcyshaw | Creator | 9/1/2010 - 3:55 am
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