Health Insurance(some quick questions!) | FerrariChat
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Health Insurance(some quick questions!)

Discussion in 'Other Off Topic Forum' started by JSinNOLA, Dec 7, 2005.

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  1. JSinNOLA

    JSinNOLA Two Time F1 World Champ
    Sponsor Lifetime Rossa Owner

    Mar 18, 2002
    20,277
    Denver, CO
    #1 JSinNOLA, Dec 7, 2005
    My cousin is in need of some health insurance when his runs out. He was asking me about my health insurance and what I thought of blah blah blah.

    I told him, "Richard, I honestly am not well versed in this subject at all, but I'll bet you that there are plenty of solid opinions on the subject on Fchat. Send me a quick letter, asking the questions you need to ask, and I will post it on Fchat so you can see the responses."

    So here is the letter:

    Any thoughts guys?
     
  2. BWS550

    BWS550 Wants to be a mod

    Apr 1, 2002
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    BRUCE WELLINGTON
    #2 BWS550, Dec 7, 2005


    JOHN

    ASK FARMER DAVE FOR HELP

    HES THE EXPERT

    BRUCE
     
  3. JSinNOLA

    JSinNOLA Two Time F1 World Champ
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    Mar 18, 2002
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    #3 JSinNOLA, Dec 7, 2005
    Indeed he is! In fact, he helped me out a ton with getting my car insurance straight!

    If he doesn't chime in here I'll just have to track him down and ask him over a couple rounds of drinks :D
     
  4. UroTrash

    UroTrash Four Time F1 World Champ
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    Jan 20, 2004
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    Clifford Gunboat
    #4 UroTrash, Dec 7, 2005
    A MSA (medical savings acct) might be right up your alley, if they are sold in your state. All pre-tax money, you can roll it over year to year, never taxed if used on medical stuff (really broadly defined: glasses, aspirin, ace wraps etc) and MUST be associated with a high deductible catastrophic plan.

    I understand if you end up with money in it that never gets used it can eventually be rolled into your IRA.

    down side is there are usually only a very few insurance carriers that offer them in any particular state.
     
  5. FarmerDave

    FarmerDave F1 World Champ
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    Jul 26, 2004
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    IgnoranteWest
    #5 FarmerDave, Dec 7, 2005
    Thanks Bruce and John!

    I know lots about property and casualty insurance, but health insurance is like voodoo to me!

    Here's my advice: Don't get sick!
     
  6. Dcup

    Dcup F1 Veteran

    Jan 3, 2005
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    Claude Balls
    #6 Dcup, Dec 7, 2005
    if you need insurance on a 1979 datson B210, call dave at 2 am, he'll be glad you called....
     
  7. FarmerDave

    FarmerDave F1 World Champ
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    IgnoranteWest
    #7 FarmerDave, Dec 7, 2005
    Only if it's liability only, state minimum limits!
     
  8. BWS550

    BWS550 Wants to be a mod

    Apr 1, 2002
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    BRUCE WELLINGTON
    #8 BWS550, Dec 7, 2005
    THOUGHT IT WAS A PACER OR GREMLIN OR ARIES K CAR YOUR MOTHER OWNED AND WAS LOOKING TO SELL.....?????
     
  9. Dcup

    Dcup F1 Veteran

    Jan 3, 2005
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    Claude Balls
    #9 Dcup, Dec 7, 2005
    put the crack pipe down already........ and go home........ dinners ready....
     
  10. BWS550

    BWS550 Wants to be a mod

    Apr 1, 2002
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    BRUCE WELLINGTON
    #10 BWS550, Dec 7, 2005
    DINNER DONE

    KIDS UPSTAIRS

    WIFEY WATCHING QVC

    SPOKE TO MY DAUGHTER

    CHILD SUPPORT CHECK SENT

    SOME CANADIEN IS STARTING WITH ME

    IM GOOD TO GO................
     
  11. Dcup

    Dcup F1 Veteran

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    #11 Dcup, Dec 7, 2005
    Last edited by a moderator: Sep 7, 2017
  12. JSinNOLA

    JSinNOLA Two Time F1 World Champ
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    Mar 18, 2002
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    #12 JSinNOLA, Dec 7, 2005
    Ha, I knew this was likely to happen.

    I don't know how much of a difference this makes, but Richard will be starting Tulane Medical School in the fall and will find a job in New Orleans to occupy time until then.

    Does this change anything?
     
  13. icantdrv55

    icantdrv55 Karting

    Aug 13, 2005
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    Hartfordish, CT
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    Chris
    #13 icantdrv55, Dec 7, 2005
    I'm not an insurance agent, but since I'm self employed, I know more about this subject than I care to...

    you might check out these companies:

    http://www.assuranthealth.com/
    http://www.goldenrule.com
    http://www.lablue.com/web/default.asp

    Also, interview a few independant insurance agents in your area, have them make their pitches, choose one who you like who has a plan that suits you. They should do some work for your business, so don't be afraid to make them work -- and if they give you any bullsh!t like "I can't leave any detailed info about our policies behind for you to look at and read over, but we'll send you everything after you sign up, and then you can just cancel if you don't like it..." help them find the door.

    There are a few organizations out there that offer health insurance to the self employed -- you might look into your local Chamber of Commerce or entrepreneurial organizations (here in CT there is the CBIA, CT Business and Industry Association). Also, if you're a member of a union, sometimes insurance can be had thru them.

    There are a few "self-employed" organizations (i.e. the NASE -- National Association of the Self Employed is one) that allow you to buy their insurance, but also require that you become a member of their organization -- that always sounds sketchy to me, and I haven't found that the rates or their plans are any better. Plus, many times, the insurance is offered by the "MEGA Life & Health Insurance Co." Like I'm going to buy health services from a company called "MEGA" anything.... Ugh. Watch out for these, and read the fine print.

    For what your cousin is looking for I suspect that Golden Rule or Assurant Health (or similar) are probably his best bet. They will offer an insanely low rate to get him on board, and then jack it up quickly over the next couple/few years. But as long as he remains healthy with no pre-existing conditions, he can just keep bouncing back and forth between two low cost carriers (taking advantage of the low initial rates) each time one of the companies gets too greedy.

    just my $0.02

    Chris
     

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