1–10 of 125 posts
So $5,520 a year for health insurance! Ridiculously expensive. I'm looking for any other options, perhaps plans geared toward small businesses with less subsidies.
Look into Direct Primary Care. If it is available in your area, it is an ACA compliant option when paired with a health savings account or high deductible coverage.
Look into Direct Primary Care. If it is available in your area, it is an ACA compliant option when paired with a health savings account or high deductible coverage.
I'm pretty sure I have to have full insurance or I'm going to get a nice big tax penalty at the end of year.
Earlier quoted context omitted.
I'm pretty sure I have to have full insurance or I'm going to get a nice big tax penalty at the end of year.
http://micheleincalifornia.blogspot.com/2015/12/how-to-fix-a...
Does that include subsidies? I would assume, based on your income as a founder, that you'd qualify for subsidies for plans on healthcare.gov. If you don't (>$60-70k/year income), even high deductible plans are in that monthly range you quoted (my individual high deductible marketplace plan went from ~$290/month to ~$500/month [$9000 deductible], so my wife, daughter, and I are now on a PPO plan at $1300/month).
Does that include subsidies? I would assume, based on your income as a founder, that you'd qualify for subsidies for plans on healthcare.gov. If you don't (>$60-70k/year income), even high deductible plans are in that monthly range you quoted (my individual high deductible marketplace plan went from ~$290/month to ~$500/month [$9000 deductible], so my wife, daughter, and I are now on a PPO plan at $1300/month).
Any income greater than $50,000 a year does not qualify for any California assistance. $50,000 a year is completely unlivable where I live in the bay area. You have to be near poverty (bay area) to get any government assistance.
Assistance is for those who need it, not those who willingly choose to live in a high COI area. It is possible to live in CA on $50k/year.
Would you pay that assistance back if you had a liquidity event? Probably not.
Earlier quoted context omitted.
I'm pretty sure I have to have full insurance or I'm going to get a nice big tax penalty at the end of year.
http://micheleincalifornia.blogspot.com/2015/12/how-to-fix-a...
You could not entice good employees by offering them a pay raise because it was illegal [0]
This passage also reflects a possible misunderstanding of how marginal income tax brackets work. In no situation does bumping someone into a higher tax bracket result in lower net pay.