• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

Health Insurance

Status
Not open for further replies.

Shelgard

Thread Starter
Sophomore Member
Joined
Oct 17, 2006
Professional Status
Certified Residential Appraiser
State
Washington
Anyone have any ideas or info on good health insurance for self employed appraisers?
 

Jim Bartley

Senior Member
Joined
Jan 20, 2002
Professional Status
Certified Residential Appraiser
State
Virginia
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

Elite Member
Joined
Nov 12, 2007
Professional Status
Certified Residential Appraiser
State
Maryland
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

Elite Member
Joined
Nov 12, 2007
Professional Status
Certified Residential Appraiser
State
Maryland
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

Thread Starter
Sophomore Member
Joined
Oct 17, 2006
Professional Status
Certified Residential Appraiser
State
Washington
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

Elite Member
Joined
Nov 12, 2007
Professional Status
Certified Residential Appraiser
State
Maryland
Just google Health Savings Accounts and have at it...
 

Mike Garrett RAA

Elite Member
Gold Supporting Member
Joined
Jan 14, 2002
Professional Status
Certified Residential Appraiser
State
Colorado
My wife works for Walmart, what a life!
 

Kevin A. Spellman

Senior Member
Joined
Aug 30, 2003
Professional Status
Certified Residential Appraiser
State
Massachusetts
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

Sophomore Member
Joined
May 12, 2003
Professional Status
Certified Residential Appraiser
State
California
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 ([email protected]) with your contact info and I will show you what's available for you.

take care,
George
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Top

AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock
No Thanks