3 ms·
Maybe in other countries, but in the US the only real consideration is health care. Most people who want to start a business are cool eating ramen, couch surfin
by skizm 7y ago
Maybe in other countries, but in the US the only real consideration is health care. Most people who want to start a business are cool eating ramen, couch surfing, and sacrificing a big salary if they have to, but don’t want to risk going completely bankrupt because they fall and break an ankle, get in a car accident, or get diagnosed with something chronic.
At least this is the only concern I or anyone I’ve talked to about doing a start up has risen. I work at a not quite FAANG company and we all have decent salaries and benefits. I’d give it up in a heart beat if I didn’t have to worry about health care costs.
- marcinzm 7y agoCOBRA allows for 18 months of coverage under your previous employer's plan. Cal-COBRA allows for 36 months of coverage. All you have to do is pay the full premiums (<$1k/month for a single person). That should be enough time to get a startup to a point where it can apply for it's own health insurance. If you have a spouse (or domestic partner in some states) then you can also go under their plan although that may have increased premiums for them. There's also the individual health plans out there which may be reasonably priced if you don't have any pre-existing conditions. When I left my job for a year of relaxing health insurance was nowhere near a concern since I just paid the COBRA premiums. edit: And if you're under 26 you can be on your parent's health plan. edit2: Also, talking about couch surfing pretty much highlights my point about dependents. I'm guessing neither you nor the people you talked to are old enough to have kids.