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Cost of (Independent) Medical Insurance?

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Cost of (Independent) Medical Insurance?

Old 01-22-2015, 05:57 AM
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Default Cost of (Independent) Medical Insurance?

I am on a corporate plan with a large company, my wife also has her own employer paid benefits

Thinking of going into a 1099 situation, crunching numbers, and would like for her to stop working all together at some point

What should I expect to pay monthly for a solid plan for us?

Thanks for any info
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Old 01-22-2015, 06:15 AM
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Old 01-22-2015, 06:19 AM
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$500.00 per month
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Old 01-22-2015, 06:20 AM
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Depends on your income if you are over $90k and do not get any subsidies then you are looking at $650 - $900
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Old 01-22-2015, 06:21 AM
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there is a guy on here muttusher hit him up he is a big help when figuring this stuff out.
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Old 01-22-2015, 08:45 AM
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Age is the major factor.
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Old 01-22-2015, 09:54 AM
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im 29 and pay 119 with humana one for individual
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Old 01-22-2015, 09:57 AM
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It's easy to get a good idea by simply going to FloridaBlue.com. Just enter your ages and county and it will give you a selection of plans. There are other companies, but their website is pretty user friendly. The premium will be based on your age and the level of benefits you desire.
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Old 01-22-2015, 03:30 PM
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BCBS, $719.28 per month. Just me and my daughter.
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Old 01-22-2015, 04:01 PM
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If your in Fl your screwed ... they want 450. Just for me and I only claim 14k a year.
Obama Care is a joke ...
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Old 01-22-2015, 04:34 PM
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We need some more information, but plan on $1000 a month total. This is probably more than it will likely cost but certainly a fair representation of what you are likely receiving from your employer when you take into account all of the "benefits" you get. Send me a PM if you want a more accurate evaluation.
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Old 01-22-2015, 04:36 PM
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$236/mo with a $5k deductible.

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Old 01-22-2015, 06:04 PM
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If you are a W2 employee, what is the reason you want to go 1099?
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Old 01-23-2015, 06:05 AM
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Originally Posted by Trollin4Tuna View Post
If you are a W2 employee, what is the reason you want to go 1099?
Freedom and tax deductions would be my own reasons.
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Old 01-23-2015, 08:14 AM
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Originally Posted by crazybeard View Post
Freedom and tax deductions would be my own reasons.
Correct

Thanks guys, really appreciate all the info. $1000 or less is definitely manageable. I was afraid it might be more
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Old 01-23-2015, 08:36 AM
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If you need regular meds, sometimes it can be better to just buy them from Canada vs having insurance that doesn't give you the best co-pays. Or even no prescription coverage. Just something to consider.
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Old 01-23-2015, 12:52 PM
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Originally Posted by crazybeard View Post
Freedom and tax deductions would be my own reasons.
Depends on how much your employer is going to up your pay by being a contractor and how many unreimbursed business expenses he has. OP didn't say but I wonder if he is going to be starting his own business.

I've seen a lot of people go independent contractor when they were only working for one employer and it turned out bad. If he was leaving his employer and starting a new business that's another story. I guess it is the wording.
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Old 01-23-2015, 01:37 PM
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keep in mind that an individual plan is NOT tax deductible....I'm told you can only deduct group plans.

I just got quotes for a family of 5 in CT and they ranged from $1000 - $1200/mo. I have enough income that i don't get any discount from O-Care (big F-ing surprise). Came to the conclusion that it was better to stay with COBRA for the first year (at almost $2,000/mo) because its better coverage and about the same after tax cost.
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Old 01-23-2015, 04:02 PM
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Originally Posted by txhedg View Post
keep in mind that an individual plan is NOT tax deductible....I'm told you can only deduct group plans.
If by "individual" and "group" you mean private pay and employer... I don't think that's right. I have an individual family plan (not part of any group) covering me, wife and three kiddies and pay $1700/mo - and it is tax deductible for sure. So are all the medical expenses such as co-pays, drugs and other out-of-pocket expenses.

The "Obamacare compliant" plans are more expensive if you don't qualify for any subsidies, but... they cover more, such as specialty drugs and dental for kids.

Oh, and 1099 is the way to go. The high wage W-2 worker gets hit the hardest at tax time.
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Old 01-23-2015, 05:12 PM
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BCBS Fl. $789.00 per month......$850.00 Deductible .....that is just for me.Last year the premium was $676.00. Yea, it hurts.
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