Health insurance needed for me and 1 employee

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MyBAC	Health insurance needed for me and 1 employee		Lead	[-]
Posts: 56 12/23/2007 19:02	Tags : None I'm leaning towards our family favorite but not comitted, any advise appreciated. Atlanta's Professional Flatbed Artist's MyB.A.C. Towing & Transport Services (770) 929-3830 Or (770) 940-6841
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jacksmelbourne		#1	[url]	[-]
Posts: 106 12/23/2007 19:53 Florida	Got a great deal from blue cross blue shield for a small group plan. Great coverage and about 20% less than closest competitor.
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Balsgal		#2	[url]	[-]
Posts: 28 01/01/2008 13:32 Kansas	We are both self-employed and have a Blue Shield/Blue Cross policy. No other insurance agent I have asked for quotes can match benefits and cost. It is higher deductible than I'd like, but aren't they all nowadays?!!!
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AB TWG n REC		#3	[url]	[-]
Posts: 91 01/01/2008 16:41	We're looking into this also. Can anyone give ballpark rates just to get an idea what to expect? Right now our family is covered under a corporate plan with great benefits and them paying most of the cost. As we grow I'm looking at possibly leaving there and the only piece I don't have worked out is the health insurance. I have absolutely no idea what kind of rates or benefits to expect from a small group plan. Anything you can post without violating board policy would be a huge help. Thanks!! Tina
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jacksmelbourne		#4	[url]	[-]
Posts: 120 01/01/2008 18:54 Florida	Tina, check your inbox.
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TowZone		#5	[url]	[-]
Posts: 19204 01/03/2008 08:20 Featured Member March 2002 January 2008 I.T.R.H.F.M. Museum Board & Corporate Sponsor TRAA National Citizenship 2007 American Towman Towman of the year 2006 Tow Times Industry Supporter 2002 Administrator WreckMaster #070165	I don't think you can violate any board policy discussing insurance rates and they are not towing rates. Insurance would be like comparing the cost of fuel or tires. Email Contact: Admin@Tow411.net
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route3ralph		#6	[url]	[-]
Posts: 334 02/02/2008 21:47 California	Insurance rates can vary a HUGE amount based on many factors......If you are looking at an individual or family plan, rates will be lower than an employer sponsored plan in about 44 states. The problem is that you can be turned down for coverage, which you can not be for an employer sponsored plan. The state you are in, your gender, smoking status, health can also be a factor, and in most states age is the biggest factor. In states like MA, NJ, NY for example a 20 year old pays as much as a 60 year old, but in most states they would pay much less. There's also sometimes a big difference from one carrier to another, so just because Blue Cross is cheaper than Aetna, may not make it worthwhile to save the money. Some carriers have embedded vs aggregate deductibles. Some have first dollar wellness plans etc. Also, the drug co-pay sometimes is 3 tier for generic/formulary/name brand, while other carriers have 3 tier based on effectiveness. Bottom line is to get a good and knowlegeable broker who shops for health plans regularly, and look at all options available. Please feel free to contact me if you want more information. If you give me your zip and age, I can give you some rates. Ralph Profit from our experience
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route3ralph		#7	[url]	[-]
Posts: 335 02/02/2008 22:04 California	Profit from our experience
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Flamintow	ins.	#8	[url]	[-]
Posts: 95 02/02/2008 22:49	hi ralph, age 37 male 21502 zip
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ROLAND		#9	[url]	[-]
Posts: 191 02/03/2008 10:24	Hi Ralph. What can you do with a 63 year old ,well i will be tomorrow 48old wife and 15 year old daughter? None have ever smoked. Roland 05819.
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route3ralph	The SMART way to do this	#10	[url]	[-]
Posts: 336 02/03/2008 14:23 California	Flamintow wrote: hi ralph, age 37 male 21502 zip Hi Flamintow. There are 2 ways to do this, depends on if you visit the doctor a lot or not, and if you want something only for catastrophes. If you got a traditional HMO with no deductible and a $20 co-pay, you would be laying out $306 per month, plus a $20 penalty fee every time you visit the doctor, and $500 every time you are hospitalized. They call this a rich plan, I think it's a stupid plan. The only one rich from this kind of plan is the insurance company. Here's what I would do.....get an HSA plan which allows you to set up a pre-tax Health Savings account. A Cadillac type of HSA plan is $92.30 per month with a $3500 deductible, $101.46 for a $2900 deductible, and $171.86 with an $1,100 deductible. I like the second one for $101. If you divide the deductible of $2,900 by 12 months and deposit $241.67 int your HSA every month you have a perfect plan. $101 for premium and $241 for pre-tax savings is $342 total per month. If you rarely go to the doctor, you will have $2900 saved up at the end of the year, and next year you can chose to reduce your costs to only $101 per month. If on the other hand you have very high costs, and you go through the entire $2900, then it cost you $35 more then the HMO.....BUT...if you have one doctor visit and one prescription per month with the HMO, then you need to add about $40 in penalty fees to the HMO...so your cost would have been $346 with he HMO. There are no penalty fees with the $101 plan. Let's look at the plan for $171. Divide the $1,100 deductible by 12 and you get $91.67. Add the $91 to your premium of $171, and the total cost is $262, all pre-tax!! Which one looks the best to you? Ralph Profit from our experience
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route3ralph	Vermont	#11	[url]	[-]
Posts: 337 02/03/2008 14:44 California	Hi Roland, Unfortunately Vermont is one of those states where most of your choice has been legislated away. If you were in another state, it would be pretty reasonable, but in Vermont the best you could probably do to cover your whole family is $1,172 premium for a $10,000 deductible plan. Divide $10,000 by 12 is $833, add that to $1,171 for a total of $2,004. If you meet certain criteria, you might qualify for "Green Mountain Care", which is a plan funded by taxpayer that only costs you $1,100 and has a $500 deductible and $20 penalty fee. You have ot meet criteria based on income and having been uninsured for a period of time. If you don't qualify for the state assisted plan, and you don't like the first one, there is a plan with $19,000 per year out of pocket that costs $1,485 per month. Sorry that there are not many options, but VT is one of the 4 worst states to get insurance in. Ralph Profit from our experience
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duiretriever		#12	[url]	[-]
Posts: 78 02/07/2008 13:58 Oregon	AAA Washington had a program that we were involved in that was decent. They just got rid of it though. :( So we are looking as well.
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CommonSenseRalph		#13	[url]	[-]
Posts: 1 02/08/2008 23:58	If it was working well, why did they get rid of it? Be Well, and keep posting! Ralph
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duiretriever		#14	[url]	[-]
Posts: 85 02/26/2008 13:44 Oregon	I think it was some sort of legislator thing. It didn't meet the new criteria or something.
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sptow		#15	[url]	[-]
Posts: 190 03/06/2008 21:45 Texas	Ralph, I sent you a message with info included, but forgot to mention 15 year old son. Thanks, Melinda
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route3ralph		#16	[url]	[-]
Posts: 340 03/07/2008 01:19 California	OK, leave it with me, will reply Profit from our experience
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buggage		#17	[url]	[-]
Posts: 373 03/07/2008 07:41 TRAA Level 1 CT#10566 Virginia	Ralph, question. Is the HSA an annual "use it or lose it" deal? Or can the money stay in it indefinitely? Regards, Jase http://www.b26marauder.com http://www.valleytowsva.com
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route3ralph	HSA	#18	[url]	[-]
Posts: 341 03/07/2008 10:05 California	Hey Jase, Money in an HSA is yours forever, it is NOT lose it or lose it, that's a Flex account, or FSA. HSA funds can be spent on any medical expense, or when you turn 65 you can withdraw all your money the same we you would from an IRA Ralph Profit from our experience
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Flamintow		#19	[url]	[-]
Posts: 105 03/11/2008 10:46	Ralph, i would like to get some more info i have 2 full time employes age 26 an single no smoker an 46 smoker wife an 20 year old son. and me at 37 wife 37 two kids 6 yrs old 13yr old would the 101.00 system work and what would my total monthly expense be . thanks Ronnie winterstowing@verizon.net
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Vinny 8660		#20	[url]	[-]
Posts: 80 03/12/2008 15:46 Texas	Ralph, Please send me a quote for the following. 1 male 45 good health never smoked. 1 male 33 good health never smoked. 1 male 50 good health smoker. All in Texas. Please send to motorsportstowing@hotmail.com. Thanks Vince
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Health insurance needed for me and 1 employee

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