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Any mention of health insurance, or other things like that? One of the biggest reasons people do go to work for large companies instead of starting their own bu
by s73v3r 11y ago
Any mention of health insurance, or other things like that? One of the biggest reasons people do go to work for large companies instead of starting their own business is things like that. Without them, you're really only targeting the young kids right out of school, most of whom (but not all) don't really need that much in healthcare.
- x5n1 11y agoit's 2 months. if you really need it just get travel insurance. that should be do-able in 12k.
- ValentineC 11y agoIt's quite unlikely that travel insurance would cover chronic and critical illnesses like cancer though, which other forms of healthcare would cover.
- s73v3r 11y agoIf I have the dreaded "Pre-Existing Condition!", somehow I doubt that would work.
- x5n1 11y agothen maybe you should find a jerb. entrepreneurship is risky.
- s73v3r 11y agoThat's an extremely terrible answer that really only serves to diminish the diversity of startup culture.
- x5n1 11y agoMight not be the answer you want to hear, but it's the truth. If you can not deal with the ambiguity of not being covered for long term illness by insurance, entrepreneurship is likely not for you.
- s73v3r 11y agoNo, it's not the truth. There is absolutely nothing correlating entrepreneurship with not being able to insure yourself or your family. The only reason that is right now is because the startup culture is filled with 20 somethings right out of school, and no one wants to change that.
- _delirium 11y agoIf you're a U.S. resident, PPACA has made this a lot easier. I recently bought an individual health plan on healthcare.gov for $250/mo (not including subsidies). If you make less than $50k/yr the amount is further subsidized. It can be more if you have a family, but in any case, with a fellowship income of $6k/mo you should be able to buy a health plan, at least for those two months.
- s73v3r 11y agoIt's my understanding that the grant should be used on the business, not necessarily the incomes of the people working on it.
- _delirium 11y agoMy read was that the main business expense is expected to be the expenses of the founders, so it's perfectly okay to use the money to pay for rent / food / insurance / etc.
- logn 11y agoOlder people are more likely to have a spouse with insurance or to already be freelancing/contracting and used to providing their own insurance. Even in the days before Obamacare, I think there was a short time you were allowed to be uninsured without being excluded by insurance companies. COBRA also helps fill the gaps (in addition to Obamacare itself).
- s73v3r 11y agoRight, but the COBRA premiums could easily eat up a significant chunk of that grant.
- deleted 11y ago[deleted]
- wtvanhest 11y agoIn CA with no income, health insurance is 100% free even with really strong income in the previous calendar year.
- s73v3r 11y agoBut does that include situations in which you quit your job to do something like this?
- wtvanhest 11y agoPlease check the fine print, but that is exactly what I did. I quit my job, moved to SF and realized that if I didn't get insurance I would have to pay a huge penalty at year end. I looked in to affordable insurance and found out California offers free insurance if you have zero income.