I would rather lock myself up in a room with healthy food and finish the project than staying out of action due to sickness. I would rather cross my finger and possible request the germs to attack me later :D
Practical startup question: Do you founders pay for health insurance out of pocket while working full-time on your projects?
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Re: Practical startup question: Do you founders pay for health insurance out of pocket while working full-time on your projects?
#22Massachusetts has a law that (may) be going into effect on June 1- It requires that all citizens of Ma have health insurance. They have two programs to deal with this- The first is Commonhealth, which provides free or subsidized health care to those who, in the last year, have made less than 300% of the federal poverty line. Many people who are currently students may be able to use this, and have their coverage be at…
Wow...thanks for the heads up. My co-founder will be moving up to Mass. which is where we'll be based out of, so this is good info. Thanks again.
Re: Practical startup question: Do you founders pay for health insurance out of pocket while working full-time on your projects?
#23Seems to me that if you're in the target demographic of a YC founder (mid 20s, no family obligations), then health insurance is not too much of an issue cost wise. In the states I've lived in FL and WI, my insurance has run around 100 to 130 per month.
Call an agent, fill out the forms... its all of a few hours of legwork. Welcome to running a business =).
Re: Practical startup question: Do you founders pay for health insurance out of pocket while working full-time on your projects?
#24This is actually one of the biggest strikes against YC in my pro/con table... I will likely have to take some F/F/F money in addition to the YC seed to make sure I will stay insured...
F/F/F?
Friends, family, and ?
Re: Practical startup question: Do you founders pay for health insurance out of pocket while working full-time on your projects?
#25Re: Practical startup question: Do you founders pay for health insurance out of pocket while working full-time on your projects?
#26I pay it out of pocket along with some life and disability insurance; I think it's worth the peace of mind to enhance creativity and not worry about "what ifs".
Re: Practical startup question: Do you founders pay for health insurance out of pocket while working full-time on your projects?
#27I did a startup and recently got acquired. Here's what I did.
I say get disaster health insurance (30 bucks a month) screw cobra. its too expensive.
if you're in MA, i hear you can get universal health care and suck on the teat of the taxpayer. If you're in CA, Blue shield is cheap. If you want bang for the buck, I suggest Kaiser.
Also helped that my girlfriend is about to become a surgeon so she and her friends had me pretty much covered for normal stuff.
Re: Practical startup question: Do you founders pay for health insurance out of pocket while working full-time on your projects?
#28I moved from Baltimore to Manila so that I could afford to pay my medical expenses in cash. By coming here, I've amplified my purchasing power ^2 and live more comfortably paying less. The birth of my daughter with complications and a c-section was just under $5000.00 USD, in a state of the art facility that rivals Hopkins itself (Google, "The Medical City Pasig City" to see it). A pediatric appointment costs me $10, medicine even less. I know my move was a little drastic, but it opened many doors. :)
Re: Practical startup question: Do you founders pay for health insurance out of pocket while working full-time on your projects?
#29Earlier quoted context omitted.
Actually, health insurance is an important factor. If you catch pneumonia or the flu, you're looking at getting knocked out for 2 months (pneumonia resulting from a "cold" that was not properly handled), 2 weeks (flu) without medical intervention. Personally, I'd rather take some meds and be back on my feet in 3-5 days than not be able to afford to see a doc or take some meds....putting my startup behind which would…
You have to pay to visit a doctor? That's insane! I mean, prescriptions, elective treatment I can understand. But are you saying that you actually need to pay just to walk into an examination room?
Welcome to America, land of the free.