Health insurance options for financially indepents?

Multi-Family and Apartment Investing
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Health insurance options for financially indepents?

Tiffany Ralston
Rental Property Investor · Iowa City, IA · Member since 2016 · 34 posts · 16 votes

As we plan for financial independence, and calculating our target financial goal, one big (unkown) piece of the puzzle is health insurance costs. Any advice on coverage costs/options? Podcasts rarely ask this question, and I'm curious of what others are doing for their coverage? 

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Brie SchmidtBusiness Member
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Real Estate Broker · Chicago, IL · Member since 2013 · 6k+ posts · 5k+ votes
8y

@Tiffany Ralston - I use the marketplace and for silver level coverage (80% coinsurance and a doctor visit is like $25 with prescription coverage) it is $500 / mo just for me

I don't have any pre-existing conditions and do not take regular medication

If anyone has a better / cheaper solution I would be open to hearing it 

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  • Brie SchmidtBusiness Member
    Moderator
    Real Estate Broker · Chicago, IL · Member since 2013 · 6k+ posts · 5k+ votes
    8y

    @Tiffany Ralston - I use the marketplace and for silver level coverage (80% coinsurance and a doctor visit is like $25 with prescription coverage) it is $500 / mo just for me

    I don't have any pre-existing conditions and do not take regular medication

    If anyone has a better / cheaper solution I would be open to hearing it 

    Podcast Guest on Show #132
    Second City Real Estate4.821 Reviews
    WebsiteView Page
    1Reply
  • Tiffany Ralston
    OP
    Rental Property Investor · Iowa City, IA · Member since 2016 · 34 posts · 16 votes
    8y

    @Brie Schmidt thanks for your info! we are a family of 5 (2 adults, 3 children) all healthy. Looking at a potential $2500/month policy for our family is significant...

    Maybe we could start a BP group policy?!?!!!!!

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  • Chase Keller
    CCIM · Des Moines, IA · Member since 2014 · 341 posts · 170 votes
    8y

    I will update in a bit, but was just sent a quote for something around $400/mo for more ‘catastrophic’ coverage for two of us. I haven’t looked at the details of it yet. 

    We are in our 30s and pretty healthy, so there isn’t a need for a lot of the smaller stuff. 

    I have nothing at the moment, so I’m in the same boat. Let’s figure this out together. 

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  • Brie SchmidtBusiness Member
    Moderator
    Real Estate Broker · Chicago, IL · Member since 2013 · 6k+ posts · 5k+ votes
    8y

    @Chase Keller - I looked at that, but it wasn't ACA compliant so I would pay a penalty and for me I think it was $18k a year so not worth it 

    Podcast Guest on Show #132
    Second City Real Estate4.821 Reviews
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  • Brandon M.
    Agent / Investor · Clearwater, FL · Member since 2014 · 573 posts · 281 votes
    8y
    Not to make this into a religious conversation but if you are a Christian there are good options available. The simple version is we are considered “self pay” when we go to a doctor or specialist. They will charge us 20,30, up to 75% less than they charge a patient with health insurance (you have to ask for that discount) My “deductible” is $300. After that we are covered 100% on top of the $300. For my daughter’s birth via c-section we paid $300. You have to pay out of pocket or make arrangements with the provider, and then you get the money back after the fact. Pre-existing conditions are handled differently but you can get scripts for massages, chiropractic adjustments, etc, that are fully covered. For any family of 3+ you pay $495/month. Same rate for a family of 3 as it is for 10. I don’t want to take over the conversation but if you want more details feel free to PM me.
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  • Lane Kawaoka
    Rental Property Investor · Honolulu, HAWAII (HI) · Member since 2011 · 4k+ posts · 2k+ votes
    8y
    I have heard people going on Medicare since they have no active income. Very interested in this.
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