Health Insurance for Real Estate Investors
Hi, I currently own/manage 2 properties in California and plan to acquire 2 more in the next few years. Once everything is up and running, I’d like to take a few years off from the traditional 9-5 grind.
Are there any health insurance options for real estate investors like myself? I haven't found much on the topic. Can I form a LLC and treat myself as an employee to access good healthcare plans?
Thanks in advance.
#4 Multi-Family and Apartment Investing Contributor
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- Shelton, WA
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#4 Multi-Family and Apartment Investing Contributor
- Investor
- Shelton, WA
@John Williams we switched to Kaiser from Blue shield a few years ago and have been very impressed. We like their use of technology, everybody can be on the same page especially the patient. Talk to your CPA about running it through the LLC; I no longer recall the details. My wife has hers covered by the LLC but as I said I do not recall what the deal is and why only her. You won't be an employee of the LLC today the 'member' is called a 'governor'.
It's a good question - you probably have similar questions surrounding retirement accounts and possibly employing family member. It's definitely possible but you'll have to have the right structure in place and good legal advice to get properly set up.
*this post does not create an attorney-client or CPA-client relationship. Readers are advised to seek professional advice.
If you have a faith based background, you may want to consider a healthcare sharing option. Samaratins Ministries, Christian Healthcare Ministries or Medi-Share.
These are definitely "outside of the box" options but they work great for people in the right scenario. We have a family of 6 & pay around $600 / mo. Plus we've literally racked up tens of thousands of dollars on our credit card (generating rewards) in recent years. All paid for through our health sharing plan.