Health Insurance

[Shelgard]

Anyone have any ideas or info on good health insurance for self employed appraisers?

 

[The Bob]

I have an HSA. It's a high deductible plan with a savings account. It costs me about $200/mo and then I kick in another $100/month to the savings account. You are on the hook for the first $5,000/yr, but everything over that is covered 100%. Whatever you don't use when you reach 65 is yours to keep, treated just like a 401K or IRA.

This is probably not a good option if you have kids or health issues. The way I look at it, I am self insured for the little stuff. My premiums with a traditional plan had gone as high $800.

PS I got this through Anthem

 

[TJSum]

Depending on your age and health status, Health Savings Accounts are the way to go, if you rarely go to the doctor. They have relatively high deductibles, but many tax benefits. Because of the deductible the policy's are cheaper than the norm and you can stash your money into the HSA tax free (smiliar to an IRA). It grows tax free and when you withdraw to pay medical expenses, the money does not have to then be claimed as income. The insurance end covers major problems when they arise.

 

[TJSum]

Sorry for the repeat of Jim's info, we were typing at the same time. My deductible is only $2,500 and my monthy fee is $153 (50 years old), Blue Cross Blue Shield.

 

[Shelgard]

Thanks much, I will look into HSA's. Currently with Costco Small Business Plan and its costing me a fortune and they dont pay for squat.

 

[TJSum]

Just google Health Savings Accounts and have at it...

 

[Mike Garrett RAA]

My wife works for Walmart, what a life!

 

[Kevin A. Spellman]

I have been servicing my own health insurance since 1989. It was $565 month 100% coverage back then. It is now $1,300 a month, family plan. I have Tufts a HMO provider where I buy the policy through a small business membership program. I will state this, if I did not have a good insurance I could have been wipe out. Paying the premium is not easy, but I now I have no other choice because my health commands a 100% plan. So make sure you buy the right policy if you have assets to protect.

 

[GPAQ]

Anyone have any ideas or info on good health insurance for self employed appraisers?

Hey Gary,

When I am not appraising, I also work in life and health insurance and can help you by showing you some really good options that are out there. If you would like some help, send me a private message or email (georgepaquette@msn.com) with your contact info and I will show you what's available for you.

take care,
George

 

[The Matrix]

http://www.ehealthinsurance.com/ Insurance Quotes

http://www.hsainsider.com/ Information on HSA's

These are two sites with information and health insurance quotes and HSA's.