Photo by extranoise
A lot of people worry about getting health insurance, especially when they go out on their own and start a small company. At least in New York State, it’s really not that big of a deal. It’s a pain in the ass, but it’s a lot better than other states. From what I know, New York has a law that insurance companies cannot deny you coverage. The only downside to this is that being young and healthy doesn’t reduce your premiums. Everyone pays the same (high) rate. In other states, I’ve gotten so-called “emergency” health insurance that basically will only help if something big happens but is useless for periodic care. It has an extremely high deductible. But these plans don’t exist in New York for individuals, so you have to at least get an HMO.
There are a few options. If you don’t make a lot of money (yet), you can get a reduced rate through Healthy NY. There are eligibility requirements and I did go through this at the beginning, but then for a variety of reasons, after about six months it ended in a bureaucratic mess that was too difficult to fix, so I abandoned it. But if you qualify, it’s definitely the cheapest.
If you’re a freelancer, you can join the Freelancers Union. They provide a lot of different health plans (and dental, life, disability). You have to be eligible (no W-2s, show invoices for $10K in past 6 months), but I’ve heard good things about it and the rates look pretty good.
You can find a health insurance broker. I tried this once with mixed results. They all felt a little slimy. One of them wanted me to enlist a family member as a partner in my company and not provide them health insurance to somehow get a reduced rate. Another one wouldn’t stop calling me after I contacted him (via email) once. It didn’t work out for me, but I gather that this is a common method for many small businesses to find a health insurance plan.
Or, you can just buy health insurance as an individual. I went through ehealthinsurance. It’s fairly painless and mostly online. It’s not the cheapest, but it also isn’t astronomical.
Hopefully one day this post will be obselete…