Question about health insurance for full time trader

[newbunch]

Quote from Vinny1:

If something does go bad, you pay $50/month to the hospital for the rest of your life, or file bankruptcy. Beats paying $1,000 or more/month.

Now we just need doctors and medical device companies willing to work for nothing....

 

[Ivanovich]

Quote from Tommy Ryan:

Your current employer probably is required to offer you the same insurance plan as you now have under a Federal Statute known as COBRA;
Tommy

Usually only for 18 months, and DAMN it's costly.

 

[nutmeg]

Quote from newbunch:

Now we just need doctors and medical device companies willing to work for nothing....

Between student loans and malpractice liability, it's getting close to working for nothing.

 

[Aisone]

I get mine and my wife's from BCBS, which is pretty much the best value option in NM. There is also an insurance pool setup by the state for those higher risk candidates that have been declined insurance which provides an alternate option albeit at a slightly higher rate.

 

[volente_00]

Quote from joeyata1:

here's the problem with the above concepts. yes everythings fine by switching year to year finding the cheapest policy. but somewere you or you wife will get caught having a health problem and be stuck with a policy and at the mercy of the insurance company who can raise your rates 50-100% a year.and yes one can move to a 10k or 25k decutible. but what happens when you devolope a chronic condition that requires 20-40k a year of expenses? each and every year you have to outlay your 10-25k deductilbe plus your you'll be hit with 50-100% premium increases. the best solution if possible is send your wife to work a menial job at a public school were the hrs are 7-3 for many schools and a 9 month work year and full health benefits and a good pension.i figured it will save me 1 million over 23 years.i was spending $1200 a month or family coverage 4 years ago and now it cost $180 amonth for even better coverage. something to think about

If one is pullling in 7 figures a year from trading then 15k a year for health coverage is pocket change.