Business Owners - Health Insurance Help?

[IdahoElk]

Bend over, take it and write the check.
A shitty plan for my employees cost me $150,000 a year and i expect a 25% increases every year.

How many employees?

 

[mtnbiker208]

How many employees?

20 and some dependents on the plan.

 

[Macpass]

I just looked it up. And if I am reading it correctly you have to be from ID, MT or WY to be able to get that insurance. Is that correct?

Yes, that is my understanding. However, according to my insurance agent it was set up with federal grants and I assume that there are similar in other regions. You know what assuming gets me of course.

I haven't vetted this yet but it seems to track (I don know for a fact that an average of 20% of private insurer claims are initially denies):

 

[Macpass]

Please explain to me why she needs to ask every patient as req by Obamacare, "Is there a gun in the house?" and log it in their paperwork?

I will take a stab. I don't love that question but I can kind of understand it from a public health/mental health/healthcare perspective.

Age-standardized mortality rates (global and by WHO regions) of suicide by firearm, by sexes, 2019 (America being all of the Americas but still significant)​

 

[roadrunner]

Wondering when there will be sufficient dissatisfaction with the current system so that a public option similar to Medicare for all become politically viable?

Sadly, when people (in mass) are willing to accept the alternative to not getting healthcare...

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Without my wife providing our healthcare coverage for us, I'd definitely look into a cost sharing alternative (Christian Healthcare Co-Op) for our small business.

 

[NorthIdahoDude]

I will take a stab. I don't love that question but I can kind of understand it from a public health/mental health/healthcare perspective.

Age-standardized mortality rates (global and by WHO regions) of suicide by firearm, by sexes, 2019 (America being all of the Americas but still significant)​

View attachment 974260

Method of suicide is a useless statistic, used to manipulate data for pro gun control arguments. In most of the world, using a firearm is it even an option for most people. Rate of suicide, all methods combined, is the only one that matters.

 

[DrBeetleKill]

Small business owner here as well. Like others have mentioned, my family has used Christian Healthcare Ministries for years. We have the gold plan. We don’t go to the Dr that often and do self pay when we go. We have used this multiple times for major medical such as a shoulder surgery. My out of pocket costs ended up being $0 for the shoulder surgery. I am happy to discuss further if you are interested.

 

[dusky]

Wife and I are self employed, no employees. 2 kids. We are exploring Direct Primary Care and Heathshare coverages in addition to bronze plans. Absolutely never going with United ever again. Going to contribute to our HSA and take the self employed insurance premium deduction as always. Our broker though sent us some options and they aren't terribly higher than last year, probably because our income is still so low. Figure out how to get your AGI down as low as possible and quote insurance based on that but don't underestimate or you're f'd. Also considering going no insurance for a year myself.

 

[noisy]

The Christian Healthcare thing sounds good but from what I read there's like a 200k cap on coverage. No bueno in the case of a serious, longterm illness that might cost millions. (Correct me if I'm wrong, I only spent a few minutes on their website.)

 

[Crowmangler]

The Christian Healthcare thing sounds good but from what I read there's like a 200k cap on coverage. No bueno in the case of a serious, long term illness that might cost millions. (Correct me if I'm wrong, I only spent a few minutes on their website.)

The one I use is www.chministries.org other organizations may be different.
It has different levels of coverage (bronze, silver, gold & senior share) but it also has an add on for $42/ month that covers everything above the top tier (that's the one I have, just in case) With just me alone it's $287/ month.

 

[pacoalcracker]

going without insurance is risking a catastrophe on your finances and potentially your health, possibly for life. one mild stroke, a heart attack, cancer treatments, getting hit as a pedestrian by a driver with no or limited insurance and no ability to pay damages, a hunting accident.....the list goes on. it does not take very long to rack up a medical bill of a million or more. then what? insurance exists for a reason. Many WITH insurance have even been bankrupted. going without insurance is crazy talk. there will never be a solution, the problem has been allowed to get far too large to facilitate a solution. just like the federal deficit...no solution in sight for the same reason. pay your money and hope you still don't get bankrupted.

 

[OregonSteeler]

Yes, that is my understanding. However, according to my insurance agent it was set up with federal grants and I assume that there are similar in other regions. You know what assuming gets me of course.

I haven't vetted this yet but it seems to track (I don know for a fact that an average of 20% of private insurer claims are initially denies):

View attachment 974250

Holy crap! Glad I don't have UHC!

 

[OregonSteeler]

Thank you everyone for your input. We are continuing to look at all our options....

 

[30338]

Wife and I will hit $22,000 this year for insurance with huge deductibles. Huge jump from last year. The politicians have screwed small businesses. We're a ways from 65 so guess I need to keep making money for a bit longer.

For a young entrepreneur with kids, its going to be a tough ride. Have someone in the family go to work for the government is probably the best advice.

 

[Silveroddo]

My wife has been looking at options since open enrolment started and somehow she ended up talking to a broker and we are potentially signed up with Aetna. It seems to good to be true, but all of our doctors are in network and we're looking at a family premium of around $650/month with a total deductible of $5000. Its half of what we were paying for last years plan with similar to better coverage, and about 30% of what similar coverage was going to cost through the state healthcare exchange this year.
We're both looking for the catch, but she has a fair amount of experience with dealing with insurances through her work and things are seeming to check out. If anyone has any experience or see potential issues I'd be all ears, at the moment it feels like we just got out of a time machine and we stepped off in 2010.

 

[loganwayne]

My wife has been looking at options since open enrolment started and somehow she ended up talking to a broker and we are potentially signed up with Aetna. It seems to good to be true, but all of our doctors are in network and we're looking at a family premium of around $650/month with a total deductible of $5000. Its half of what we were paying for last years plan with similar to better coverage, and about 30% of what similar coverage was going to cost through the state healthcare exchange this year.
We're both looking for the catch, but she has a fair amount of experience with dealing with insurances through her work and things are seeming to check out. If anyone has any experience or see potential issues I'd be all ears, at the moment it feels like we just got out of a time machine and we stepped off in 2010.

Aetna is what the company i work for has had. It is great. We also got an email from them that they are dropping all small businesses in our state.

 

[KsRancher]

After a meeting with a marketplace lady today I will be going uninsured as of Jan 1st. My wife gets good insurance thru her work as a teacher. It would be over $2000 to add me and the kids to her. The cheapest plan that she could get for just me was $900/month. And in her words "it would cover to enough to allow you to keep you house if something bad happened is about it". I will not pay almost $11,000/yr for garbage. I hear a lot of people say '"what if". But you can "what if" yourself broke with insurance