I recently lost my job and have decided to start up my own business. I am trying to decide right now whether to take my Cobra plan on go on my husband’s insurance. Either way I go is my portion of the premiums deductible as a business expense? What about portions of services not covered and prescription costs?
Sen. John Barrasso, MD, and Sen. Tom Coburn, MD, discuss how health savings accounts and small group health plans can be a part of a step-by-step approach to reducing health care costs.
Under the terms of a severance agreement, my old employer is going to pay 6 months of COBRA premiums. I figure I can wait until 2010 enrollment before signing up, and having premiums deducted, for my new employer’s plan. I have no pre-existing conditions.
Thinking of quitting my job, so I’d have to start paying for Cobra, but I already know there’s a very good chance my company will switch from Blue Cross to some random healthcare insurance company on October 1. I am pretty close to our HR Manager and she said that this one insurance carrier she has in mind would require all employees to fill out health questionnaires before they accept our firm as a client, so they can assess the level of risk they’d be taking by insuring us, so they know how high they should set our premiums . If I’ve already quit my job and I am out of state or out of the country, how can I continue to get Cobra? I can’t ask our HR Manager this question because she would then guess I’m thinking of leaving and I don’t intend on giving more than 2 weeks’ notice. Thanks.
Im a electrical contractor wth 2 employees 1 with children and 1 with none. We are looking for group health insurance. Anyone have sugestions. We are in Kansas. What kind of premiums is everyone paying and what are you getting? Thanks for any and all advice.
I quit my job and I can continue with a decent health insurance plan for my family under COBRA, or I can switch to an individual plan. Being over 50, my wife is supposed to have over 0 of routine tests in a year, otherwise she’s pretty healthy. My son and I are in pretty good health. Any payments we make would be deducted from my wife’s salary before taxes. Our marginal income tax rate, including state tax, is about 19%. Would we be better off with low deductible and high premiums or the reverse? The COBRA plan is fairly low deductible and high premiums.
Question got messed up, should say, "is high-deductible or low-deductible better?"
Thanks,
Houyhnhnm
My reply to Insuranceguytx–yes I can pay ,000 out-of-pocket for major problems. If I can recoup it in a reasonable period with lower premiums, I’d take that chance.
I’m thinking of starting a consulting company. It would basically be a Management Services type firm. No design, construction, manufacturing, etc..
I don’t want to call around for quotes just yet so I am wondering if anyone could give me a ROUGH idea regarding annual premium costs for the insurance coverages I will need. Specifically I’m wondering about Commercial General Liability, Workers’ Comp, Professional Liability, and personal Health Insurance (I’m young and healthy). Again just ballparks on what I can expect for annual premiums. If I had 1 or 2 co-owners how will that affect the rates?