Healthcare for landlords/flippers ??

Question

Just wondering what investors or landlords do for healthcare when they quit their 9-5. And what it costs. I am an investor and can almost live off my rental income. However healthcare is the main reason I haven’t quit my day job yet.

Brit F. · Answer

@David Nino, once I leave my W2, we're planning to budget $2k-3k/mo because we need the most comprehensive plan, and I expect that cost to rise over time.

The x-factor for me is what happens to the [currently illegal] exclusions for pre-existing conditions and lifetime policy maximums on the most comprehensive plans.  I'm concerned that if laws are 'fixed' or replaced, somehow those exclusions could come back into the picture, which would be exceedingly bad for my family.  That said, if that happens, going back to a W2 isn't the worst thing in the world.

At some point, I'll start calling different providers to see what kind  of group discount would be available if a bunch of us Bigger Pockets ppl  formed our own group.    I don't know the level of interest, but I'd guess at least a few hundred people, plus each of our extended networks locally.  As it grows, it would become a very large group methinks.

It's shocking to realize that there are tons of people who have great ideas to launch small businesses, but are held hostage by that safe employer-paid plan.  In that sense, healthcare is stifling innovation and self-realization.

Matthew Paul · Answer

Marry someone with good healthcare .