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Stay in California and get group insurance through the company you're starting up. Here in California, a company of 2-50 employees is guaranteed to be issued a
by zach 17y ago
Stay in California and get group insurance through the company you're starting up. Here in California, a company of 2-50 employees is guaranteed to be issued a policy for no more than 110% of the premium rate charged to larger companies. There are pre-existing condition limitations for up to the first six months if you have a gap in coverage, but otherwise they can't touch your rates or coverage options.
I applied for and managed a two-employee policy from Blue Cross for our company and it all worked fine, apart from the murderous 30%-a-year increases, of course. You still have to apply with medical history and so on, but it's a formality since you will always be accepted and charged the maximum rate.
- awolf 17y agoThanks for the input. If you don't mind me asking: what was the approximate monthly cost for your two person company?
- zach 17y agoNo problem. A little over a year ago, we had the Lumenos HSA $1500 individual deductible plan and it cost $300/month for an employee only and about $1000/month total when including a spouse and 2 or more children. It was about due for its annual price hike so it probably costs 150% of that now -- seriously! Yeah, it's kinda depressing... One of us also had dental; its premiums ran 10%-20% of the health insurance. I got it through a local broker because we knew someone who recommended them, but I think you can do it all online too. If you want to compare plans, there are broker sites that will quote small-group rates online but I can't remember which of those I used.