How to Choose Health Insurance – Startup Edition
blog.getsimplyinsured.com
How to Choose Health Insurance – Startup Edition
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Re: How to Choose Health Insurance – Startup Edition
#2added info: flexible spending arrangements (health FSAs) are capped at $2,500 for 2013. This is a rather large drop and might require you to do some additional budgeting this year.
Re: How to Choose Health Insurance – Startup Edition
#3I think I'll stick with the universal coverage provided by my government, thanks.
Re: How to Choose Health Insurance – Startup Edition
#4I think I'll stick with the universal coverage provided by my government, thanks.
This article's clearly written for the state of California. Did you read the article?
Re: How to Choose Health Insurance – Startup Edition
#5how do they calculate the "worst case" numbers for chronic illnesses? are those for indefinite support?
(i'm curious because i have recently run into this. here in chile, private health insurance is unlikely to cover long term medication but, thankfully, there is a government scheme for many major illnesses. so, for example, a month's supply of interferon-beta is $250 instead of $2000.)
Re: How to Choose Health Insurance – Startup Edition
#6how do they calculate the "worst case" numbers for chronic illnesses? are those for indefinite support? (i'm curious because i have recently run into this. here in chile, private health insurance is unlikely to cover long term medication but, thankfully, there is a government scheme for many major illnesses. so, for example, a month's supply of interferon-beta is $250 instead of $2000.)
Worst Case is calculated using a simulated "catastrophic illness" - a combination of surgery, expensive drugs, emergency care, and hospitalization.
The costs we calculated are yearly estimates - assuming you stay with the same plan, and they don't/can't raise your rates or cancel your plan - this estimate should hold for chronic illness.
We can estimate costs for specific chronic illnesses - click the "Personalize" button on the left side of the result page. You can select the specific chronic condition you're worried about, and it will provide a customized estimate.
My contact info is my profile - feel free to call/email if you have further questions.
Re: How to Choose Health Insurance – Startup Edition
#7added info: flexible spending arrangements (health FSAs) are capped at $2,500 for 2013. This is a rather large drop and might require you to do some additional budgeting this year.
Thanks, I didn't catch that cap change. We debated going into FSAs versus HSAs in the article, but it was already getting long - I think it's worth looking at in more depth separately.
FSAs are only available to people choosing an insurance plan from their employer. So, they're not applicable to the situation we cover in this article where somebody is buying insurance individually.
It looks like FSA caps are reduced from a previously employer-determined limit (often e.g. $5000) to a federally mandated $2500, but HSA caps are increasing from $3100 to $3250 (for individuals).
Re: How to Choose Health Insurance – Startup Edition
#8I think I'll stick with the universal coverage provided by my government, thanks.
Same here: 'to each according to his or her need' is the phrase that springs to mind.
Re: How to Choose Health Insurance – Startup Edition
#9how do they calculate the "worst case" numbers for chronic illnesses? are those for indefinite support? (i'm curious because i have recently run into this. here in chile, private health insurance is unlikely to cover long term medication but, thankfully, there is a government scheme for many major illnesses. so, for example, a month's supply of interferon-beta is $250 instead of $2000.)
Worst Case is calculated using a simulated "catastrophic illness" - a combination of surgery, expensive drugs, emergency care, and hospitalization. The costs we calculated are yearly estimates - assuming you stay with the same plan, and they don't/can't raise your rates or cancel your plan - this estimate should hold for chronic illness. We can estimate costs for specific chronic illnesses - click the "Personalize" b…
oh, i completely missed the link to the actual tool, sorry.
thanks for the reply - i was just curious from a "foreign spectator" viewpoint.
i was going to ask what protection there was against cancelling plans, but a little googling seems to show that was made illegal as part of obamacare!
Re: How to Choose Health Insurance – Startup Edition
#10NYC has some great options:
1. Freelancers Union
2. The City has sponsored plans as well: https://www.ehealthinsurance.com