So DH is quitting his job and we will be without employer provided insurance from September to May 2016. I don't have to tell you how nerve wracking it is.
Right now the estimated online cost for our family of 4 is $550/month for a HDHP plan of $6500 pp /$13k family deductible. Mr Money Mustache pays for his family of three $250/month? Apparently he's in a plan pre-ACA and Colorado is a lot more insurance friendly.
This coverage is without prescription, dental, or vision coverage. So what are we thinking?
Well I was thinking of looking for a part-time job that allows me buy for health insurance. I'm not sure if I'll be able to find anything quickly but it's worth trying I think. Another possibility is that without income we may qualify for subsidies. Yes I know terribly unfair but at the same time we are going to be without income, yes by choice but we will be looking both for work and living off savings. Any suggestions for companies to look at would be appreciated.
Another thing is we're doing all our major dr appointments now so we have time to get insurance and drs in place. We are also filling prescriptions 3 months in advance so we are able to have extras for when we don't have insurance.
This is going to be a huge change not having employer provided insurance. Have many people done it? What do you normally pay?
Medical Insurance and Work arounds
June 13th, 2015 at 04:28 am
June 13th, 2015 at 04:46 am 1434167194
June 13th, 2015 at 01:42 pm 1434199344
Years ago I had planned one of us to get a job primarily for health insurance but I've seen the employer system in this country screw too many people over AND my spouse developed a serious health problem (thankfully before we ever got in that employer mess).
Whatever you do, make sure you are getting GOOD insurance. 10 years ago I always said we had health insurance because we drive every day on California freeways. We couldn't be more healthy but accidents happen. In the past 5 years or so I have watched my spouse develop a very expensive medical condition (though we all couldn't be healthier otherwise) and have had several clients suffer the most random of accidents (none traffic related). Cancer also strikes very randomly. If you have money, buy the GOOD insurance. It's not worth the risk of going bankrupt in the long run because you wanted to save $500 per month now.
June 13th, 2015 at 02:19 pm 1434201561
Check any other places where you may be a member to see if you can get insurance. Car club? Religious group? Alumni association? Credit union? I don't know if those places offer insurance or not but I'd check!
In my life, I've had insurance through an employer, through Costco, and have self-insured with a HDHP.
I'm sure you've already thought of this, but if you currently have dental & vision through your husband's employer, take advantage of it before he quits.
June 13th, 2015 at 03:02 pm 1434204172
June 13th, 2015 at 10:46 pm 1434231991
Good plan to get some appointments done before the current insurance ends.
June 14th, 2015 at 01:20 am 1434241254
June 15th, 2015 at 04:21 pm 1434381702
June 25th, 2015 at 11:44 am 1435229055