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Message
Thoughts on health insurance for wife/daughter?
Posted on 9/17/24 at 9:57 am
Posted on 9/17/24 at 9:57 am
My health insurance is covered under the VA. Not at a 100% so once I'm done with tricare (few months) I'll need to get some health insurance for my wife/daughter. Wife doesn't work. I'm self employed. Our household income is about 500 to 700k.
Any recommendations?
Any recommendations?
16
Posted on 9/17/24 at 10:02 am to TheOcean
No way this is a real question.
If you can figure out how to make 500-700k, health insurance should be real easy to figure out.
Maybe ask your insurance broker...
If you can figure out how to make 500-700k, health insurance should be real easy to figure out.
Maybe ask your insurance broker...
Posted on 9/17/24 at 10:14 am to shotskimakesmysat
Haven't had to purchase insurance thanks to tricare
Also trying to see if I can game the system since my wife doesn't work
Also trying to see if I can game the system since my wife doesn't work
This post was edited on 9/17/24 at 10:15 am
Posted on 9/17/24 at 10:34 am to TheOcean
quote:
Wife doesn't work. I'm self employed. Our household income is about 500 to 700k.
Can you teach me whatever tf you do?
Sincerely,
A struggling dad
Posted on 9/17/24 at 10:40 am to TheOcean
I have no idea if it is good, but check out USAA since you are former military.
https://www.usaa.com/inet/wc/insurance-health-insurance-main?wa_ref=pri_global_products_insurance_health_individual_family_plans
https://www.usaa.com/inet/wc/insurance-health-insurance-main?wa_ref=pri_global_products_insurance_health_individual_family_plans
This post was edited on 9/17/24 at 10:43 am
Posted on 9/17/24 at 10:41 am to TheOcean
Self employed, Household Income 500-700k, wife doesn't work
You'll figure it out chief
You'll figure it out chief
Posted on 9/17/24 at 10:49 am to TheOcean
Go through a broker- at that income level, you won't qualify for a decent marketplace plan. BCBSLA has some 'off market' plans that are a little more reasonably priced, but by no means cheap.
If your or your wife have higher medical expenses, you can form a shell partnership and elect for 'Group Benefits' so the one that needs better benefits can have a more expensive plan without costing the other members.
Ex: My wife/son were on medicines for a while that made it worthwhile for them to get a more expensive prescription co-pay plan, while me/daughter had a higher deductible and no co-pay because we didn't need the additional expense of the higher plan.
None of it is 'cheap' or 'reasonable', so just try and find the best deal- it's a business expense, so it gets written off at the end of the year.
If your or your wife have higher medical expenses, you can form a shell partnership and elect for 'Group Benefits' so the one that needs better benefits can have a more expensive plan without costing the other members.
Ex: My wife/son were on medicines for a while that made it worthwhile for them to get a more expensive prescription co-pay plan, while me/daughter had a higher deductible and no co-pay because we didn't need the additional expense of the higher plan.
None of it is 'cheap' or 'reasonable', so just try and find the best deal- it's a business expense, so it gets written off at the end of the year.
Posted on 9/17/24 at 10:53 am to kung fu kenny
quote:
Can you teach me whatever tf you do?
I'm a dumbass, but I own a business and offer a quality service at an affordable price.
Posted on 9/17/24 at 10:56 am to TheOcean
Look into health cost sharing plans.
Posted on 9/17/24 at 10:57 am to notsince98
They're good for catastrophic events? That's mainly what I'm looking to hedge against. Any recommendations on good plans?
Posted on 9/17/24 at 10:59 am to TheOcean
yes, they can cover everything. If you dont know of any, start with your church and see what they use.
Posted on 9/17/24 at 11:16 am to TheOcean
Also I’ve heard of the cost sharing plans. I think they’ve coming a long way. My wife was talking to one of her patients about it because they use it. I’ll try to get the name and report back.
This post was edited on 9/17/24 at 11:18 am
Posted on 9/17/24 at 11:36 am to TheOcean
quote:
Any recommendations on good plans?
Christian Healthcare Ministries is one that I looked into several years ago, and for similar reasons as you (catastrophic health situations). It’s got a very good reputation and may be worth looking into if you qualify. My wife’s daughter (a married real estate broker with a child) carried herself with Samaritan Ministries, while the husband carried the son on his employer sponsored policy. There’s another one (or more) for Jewish people (and I guess other religions?), but I’m not familiar with their rules and stipulations.
I ended up just getting an HDHP Anthem policy, since the sharing plans don’t allow for HSA contributions.
Posted on 9/17/24 at 11:38 am to TheOcean
All I can add is I’m self employed and health insurance is high af for me and wife $1532 month
Posted on 9/17/24 at 11:50 am to TheOcean
Call a healthcare insurance agent and have them aggregate the best options and then present them to you.
Edit: I would be wary of healthcare sharing plans. Not to say they can't work for some people, but they can be predatory - even moreso than regular insurance.
Edit: I would be wary of healthcare sharing plans. Not to say they can't work for some people, but they can be predatory - even moreso than regular insurance.
This post was edited on 9/17/24 at 11:58 am
Posted on 9/17/24 at 3:40 pm to FinleyStreet
Posted on 9/17/24 at 6:21 pm to TheOcean
quote:
I'm a dumbass, but I own a business and offer a quality service at an affordable price.
That’s a lot of words to say you own a law firm or insurance agency. I’d guess law firm if your earnings vary by up to $200k a year.
Posted on 9/17/24 at 10:19 pm to TheOcean
Get wife to work just enough to get health insurance at the job for everyone
Posted on 9/17/24 at 10:30 pm to DaBeerz
quote:
Get wife to work just enough to get health insurance at the job for everyone
or he can buy one and write it off through his business.
he sure as shite is not qualifying for a OBAMACARE subsidy with his AGI
Posted on 9/18/24 at 7:01 am to TheOcean
Bring your kid to the va so she can develop a permanent aversion to the medical system. It’s a lot easier to lift weights and not eat anything out of a bag than it is to go to the doctor and get on the hamster wheel of tests and waiting for weeks to eventually get on medicine that doesn’t do anything besides have side effects
ETA:
Do like the Mormons and divorce your wife and have her file for medicaid
ETA:
quote:
Also trying to see if I can game the system since my wife doesn't work
Do like the Mormons and divorce your wife and have her file for medicaid
This post was edited on 9/18/24 at 7:04 am
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