** C & P from Dexterity forums ** As I decided to not get a full-time job immediately after my undergrad degree in order to leave more time to do game development, I found that I will no longer be on my parents' insurance plan after my birthday at the end of July. I need to start looking into getting my own plan, as I will not be getting such benefits from my current part-time job. While I will be doing quite a bit of research on it in the coming month, I am also new to insurance information. I have no current idea what may be considered good/bad or where to get good information to compare different policies. While I will figure it out eventually, I think it wouldn't hurt to get some help from people who may already have experience with this. Any information, advice, or websites people can point me to for help with this decision will be greatly appreciated. Naturally I don't want to get something that is overly expensive, but I don't want to get some poor coverage just because it is cheap either. Thanks! Mark Fassett 07-07-2004 04:32 PM The best way I found to get health insurance (and other benefits) if you are self-employed, is to have a spouse with a job that provides benefits I know that's not particularly helpful, and probably not what you're interested in, but that's how I have my health insurance. milieu 07-07-2004 05:57 PM Most health plans these days offer individual health plans. These are basically the same as the group plans most employers use, but the price tends to be higher, as you do not benefit from the group rate. Ask your friends and family in the local area about their HMOs. Then research the plans on the HMO websites, and make sure they accept individuals. Dexterity 07-07-2004 06:24 PM I've found it helpful to get a plan with a high deductible if you and your family are in fairly good health. Often if you go for full coverage with a very low deductible, you'll be paying more than the premiums + deductible combined when compared to a plan with a higher deductible. My family of four is covered by a plan that costs us about $300/month, but the deductible is $3500/year, so we pay the first $3500 of any medical treatments each year, and anything beyond that is 100% covered. This works out well for us, because to get a decent plan with zero deductible would cost us more than the "worst case" $7100 we'd have to pay in a single year under our current plan. And in the "best case" we pay $3600 per year. GBGames 07-07-2004 06:52 PM Well, there you go. A friend of mine was asking for my resume to see if I can get a job at his place of employment, and my first response was, "I'd rather not get a full-time position at this time." He argued that while I will need time to work on my games, I will also need money. I thought I had enough to get started, especially since I still have a part time job and live with my parents. If insurance is going to be that much, I don't. B-\ *sigh* I guess getting a full-time job is going to be a bit more necessary than I had thought. I'll still do some research, though, and we'll see how much I would have to pay for myself if I continue to be exclusively "self-employed" B-) Dexterity 07-07-2004 07:20 PM Keep in mind that my coverage is for a family of four, including an infant. If you have only yourself to insure, it's going to be a lot cheaper. george 07-07-2004 08:09 PM go to an insurance broker, he should give u a good deal. i know that if u have a dba u can get a better deal, something like a group plan. maybe u and your friends or programming partners or whatever can do that. i myself pay $220 a month, but its a good plan, and i need it because i have ulcerative colitis ... Mike Boeh 07-07-2004 09:26 PM Check out http://www.ehealthinsurance.com I pay 550/month for a family of 3, but I have a much lower deductible than Steve... For a single male just out of college, it should be dirt cheap, around 100$/month I would suspect... 20thCenturyBoy 07-08-2004 08:32 AM Health insurance? Pah. Waste of money if you're young and fit and single. I am only considering getting it now at age 36. Maybe it's a generation thing Dexterity 07-08-2004 11:24 AM I've gotten my money's worth from insurance. Last year when my son Kyle was born, he stopped breathing several times and ended up in the NICU for 10 days. I think the hospital bill was around $90,000, which the insurance took care of. MrPhil 07-08-2004 01:38 PM Short-Term Health Plan You can also get a time-limited coverage that isn't as expensive as the perpetual kind. I quit a job once before I had a new one and was able to purchase a 6-month policy and it was only a few hundred dollars. In your case this might be a way to give yourself some time to figure out your next move is but still be covered in the mean time. -Mr.Phil PS Oh, the catch is that once the 6 months is up you can NOT renew. milieu 07-08-2004 02:41 PM Quote: Originally Posted by 20thCenturyBoy Health insurance? Pah. Waste of money if you're young and fit and single. I am only considering getting it now at age 36. Maybe it's a generation thing I think it's more of an American thing. We have no national health insurance, so if you end up hospitalized, you have to pay the whole bill. With our medical costs, you could easily end up bankrupted by a fairly minimal bill. I read one account in the WSJ about a 20 year old college student who had appendicitis...and now owes $16,000 to the hospital. Not a great way to start off your career. GBGames: I recommend you take the job. If you keep expenses down by living with your parents or a cheap apartment, you can stash away months of future operating expenses for your business. Plus, if it's a programming job, you get paid to learn things you'll use for your games in the future. ggambett 07-08-2004 02:53 PM Quote: Originally Posted by milieu I think it's more of an American thing. We have no national health insurance, so if you end up hospitalized, you have to pay the whole bill. With our medical costs, you could easily end up bankrupted by a fairly minimal bill. Same here, so it's not a [North] American thing. There is national health insurance here but the service isn't as good as private insurance. It's not exactly "insurance" either (for what I read, your health insurance works the same way as the car insurance) but it's close enough. Chris_Evans 07-08-2004 03:33 PM If you're a young single male and you live a healthy lifestyle, then you can certainly get away without having health insurance for a few years. There's a reason why young single males have the lowest insurance rates. Of course there's always a risk of a bad accident happening while you're uninsured. But there's always risks in life. You could get hit by car tomorrow and die. I wouldn't pay for insurance unless the odds of something bad happening are sufficient enough. Such as... - If you have a medical condition - if you're married and have kids. If your wife is pregnant, you better have insurance. - Car insurance. Not only is it required, but the odds of you getting in some kind of accident in your lifetime is VERY high. - House insurance. If your house is somewhat old or you live in an active weather area, then the house insurance will usually pay for itself at some point. So I'm not against insurance, but unless the law requires you, you shouldn't just blindly or feel obligated to purchase every insurance or protection plan under the sun. Insurance companies are out to make money too. For people who need insurance, the insurance companies charge really high rates. Those that really don't need it, they give low rates. If an insurance company quotes you a low rate, think to yourself carefully if you really need their plan in the first place. You might be better off creating a savings account and setting aside several thousand dollars for a safety net. At least you'll know that you can use all the money you put into it. Mark Currie 07-08-2004 05:43 PM I recently got insurance after going a few years without it. I get the impression that doctors give you a discount when they know you don't have insurance, or rather they charge more if they know you have coverage. Despite this, I think insurance is worthwhile. I pay $130 a month, have a $750 yearly deductable after which they cover 80% of my bill. The $130/month is 100% tax deductable as long as my business is profitable. Also, I think the IRS allows you to setup a medical saving plans where you can save more on taxes (for the self employed), but I haven't researched that yet.