Re:How to Find a Million-Dollar, One-Person Business Idea
by siquick on Monday October 29, 2018 @04:31AM
(#18325841)
Just to clarify (non-US citizen here) - you pay $1300 per month for health insurance that covers just 2 people? Is this a maxed out policy that covers pre-existing conditions or is this just 'normal'?
Re:How to Find a Million-Dollar, One-Person Business Idea
by max76 on Monday October 29, 2018 @10:52AM
(#18327963)
As a young, healthy, single, nonsmoker adult male insurance ranges between $220-$450/month depending on the quality of insurance.
Edit: Laws passed in the last decade declare all insurance plans must cover preexisting conditions and cannot adjust the price or decline customers based on preexisting conditions.
Re:How to Find a Million-Dollar, One-Person Business Idea
by esrauch on Monday October 29, 2018 @12:26PM
(#18328747)
That's normal, but overall not a large percentage of people are actually paying that: people with salaried jobs are typically insured through their employer (where they often end up paying a smaller percentage), the lowest earners are on medicare or subsidized insurance plans.
Where the... ?? Oh... you mention '401k', so you're probably employed by someone else. I don't think we've seen $600/month/family insurance policies that someone pays full-cost for in years. 3 years ago I knew people paying $1400-$1800, and for us, just 2, next year is slated to be $1300/month. Oh, and that's just base cost - you have a $10k deductible in there so... realistically budget $20k/year for a family with some regular medical expenses. But yeah, if a separate employer is footing some of the bill, then you might get away with 'only' ~$8k.
> It makes it seem like being a very high income household.
POST TAX $150k/year is a very high household income in many parts of the US. You're talking > $200k/year income, which is excluding 80% of US households.
I guess for sake of argument, that might still be 'low' 6 figures, not 'mid', but many of the jobs that pay that sort of money are going to be in high-tax states, and I suspect you're going to be closer to > $250k. In CA, you'd need to earn $250k for a take home of ~$150k.