LumberJocks

Health Insurance

  • Advertise with us

« back to Sweating for Bucks Through Woodworking forum

Forum topic by RJones posted 2000 days ago 1505 views 1 time favorited 34 replies Add to Favorites Watch
View RJones's profile

RJones

310 posts in 2756 days


2000 days ago

I am getting close to moving into fulltime woodworking only because I am very close to losing my day job. I have been doing this partime now for 3 years or so and it hasn’t been too bad. However one of the things that has kept me from going full time is having to cough up the extra $$$ each month for health insurance. With that in mind I was curious if the LJ crowd had any suggestions?

Thanks,
RJ

-- http://rjoneswoodworks.com/


34 replies so far

View Moron's profile

Moron

4666 posts in 2494 days


#1 posted 2000 days ago

Canada has a national health care system, amogst the best in the world.

-- "Good artists borrow, great artists steal”…..Picasso

View Scott Bryan's profile

Scott Bryan

27251 posts in 2423 days


#2 posted 2000 days ago

RJ, health insurance is a necessity and not a luxury. It should come first on the tool list.

-- Challenges are what make life interesting; overcoming them is what makes life meaningful- Joshua Marine

View CharlieM1958's profile

CharlieM1958

15663 posts in 2819 days


#3 posted 2000 days ago

Options are pretty limited. About the only way to save money is to look into a catastrophic illness insurance plan. With these types of plans you get no benefits for your standard medical expenses, but they kick in should you have a major illness.

-- Charlie M. "Woodworking - patience = firewood"

View gbvinc's profile

gbvinc

629 posts in 2548 days


#4 posted 2000 days ago

Really depends upon your age and general health status. Bottom line is, health insurance is an overhead that needs to be factored into your overall calculation of whether you can afford to be in business for yourself. Probably not what you wanted to hear. I agree with Scott, it should be high on the tool list.

View RJones's profile

RJones

310 posts in 2756 days


#5 posted 2000 days ago

Thanks guys, other than moving to Canada I agree I need something not to mention accident insurance like aflac or something would help pay the bills should something happen. I guess I would get at least 3 months of COBRA if and when I get laid off but that’s still 600 or so, I guess it’s just another cost of doing business.

-- http://rjoneswoodworks.com/

View PetVet's profile

PetVet

329 posts in 2089 days


#6 posted 1999 days ago

I agree with Scott, you can’t afford not to have health insurance. I was surprised when I read in AARP that the #1 cause of bankruptcy among retired people is a major medical problem. I think that probably could be extrapolated to the general public. Any groups you belong to that might offer a group policy?

-- Rich in Richmond -- Experience is something you don't get until just after you need it.

View RJones's profile

RJones

310 posts in 2756 days


#7 posted 1999 days ago

I agree that it is a not an option to be without nor that it’s not a cost of doing business however I would be looking to keep costs low. I like the thought of the group policy. That’s an idea I will look into!

-- http://rjoneswoodworks.com/

View dalec's profile

dalec

613 posts in 2489 days


#8 posted 1999 days ago

I fully agree with all the comments about the essential need for basic health insurance. A trip to the emergency room can easily cost thousands of dollars. The idea of group insurance is very good idea.

Dalec

View dennis mitchell's profile

dennis mitchell

3994 posts in 2915 days


#9 posted 1999 days ago

Many us us see Health Care as a luxury we can’t afford. Really wish I could. They charge me $1000.00 an hour to talk to a nurse. When I started in the trades most employers offered medical. At least in this part of the country it is rare. I don’t care about your politics, both parties have dropped the ball. I’m tired of paying the taxs for the governments health care when mine is far out of my reach. You might have to do what I do…Pray you don’t get sick.

View Lee A. Jesberger's profile

Lee A. Jesberger

6646 posts in 2581 days


#10 posted 1999 days ago

Hi Ron;

I always assumed you already were a pro, based on your work.

Health insurance, while a blessing at times, it’s like a parasite most of the time.

Mine is close to $ 1,200 a month, and I still get abused with co-pays, and the need for referrals, and I am in a group policy.

You may want to consider the other obligations as well, such as Zoning laws, Business licenses, Business Insurance, Business Structure, ( Incorporate, sole proprietor, LLC) Taxes, and all the other FUN stuff that goes with it.

There is a lot of overhead that’s always there, even when the work isn’t!

Just a few thoughts to help complicate things.

If I can be of any help with questions, p.m. me. Keep in mind though that I’m just another starving artist!

Best of luck;

Lee

-- by Lee A. Jesberger http://www.prowoodworkingtips.com http://www.ezee-feed.com

View Moron's profile

Moron

4666 posts in 2494 days


#11 posted 1999 days ago

Having studied both the American Health Care System and the Canadian Health Care System I thank my lucky stars that to date, I am some glad to be Canadian albeit our system is starting to show cracks and parts of yours should be implimented here

Just an observation. On a releatively recent ski trip to the interior of the Rocky Mountains in British Columbia (paid for by a client) my friend (client) dis-located his collar bone. We all sat in the pub at the resort, people from Europe, Australia, Canada and the USA and of course the friendly conversation turned to his injury. The injured fella said that the doctor told him it would be OK to ski if he took it easy. The American guests immediatly jumped onto “Go, ski and get hurt, you can sue him”.................

I thought to myself, its no wonder your health care costs ar so high and pointed out a fundemental difference between Canadians and others in that we go to the doctor to get fixed, you (and I dont mean all of you) go to sue them. Albeit the conversation stayed friendly I was a tad disturbed by that attitude.

After reading the above posts, I realized once again what I take for granted.

-- "Good artists borrow, great artists steal”…..Picasso

View NY_Rocking_Chairs's profile

NY_Rocking_Chairs

495 posts in 2198 days


#12 posted 1999 days ago

All of my neighbors are self employed and this is a regular topic of discussion. For a while the local town’s chamber of commerce was doing a good job at providing a group health insurance plan. Then it stopped doing such a good job and people started going out and shopping for their own.

I know one of my neighbors basically gets a new plan/provider/policy every year or so. It is somehow cheaper to do this. I don’t recall the details. I think you can get lower premiums the first year and then they try to raise your rates, so by jumping from company to company every year they always get first year premiums.

Good luck.

-- Rich, WNY, www.nyrockingchairs.com

View RJones's profile

RJones

310 posts in 2756 days


#13 posted 1999 days ago

Good thoughts Lee and thank god I started this 3 years ago!!!! I am set up as an LLC, have a great accountant who’s always watching my back, I am good to go at my residence as long as I don’t have any employees, signage or noise complaints from neighbors (it helps to give them deals on woodworking, maybe that’s a bribe, LOL)
I must say being part time for 3 years has taught me sooooo much about the business and unfortunatly the reality of it:( Guess it might be time to sink or swim, better to have tried and failed than never to have tried at all!!!

-- http://rjoneswoodworks.com/

View GFYS's profile

GFYS

711 posts in 2072 days


#14 posted 1999 days ago

its no wonder your health care costs ar so high and pointed out a fundemental difference between Canadians and others in that we go to the doctor to get fixed, you (and I dont mean all of you) go to sue them.

While I agree some tort reform is in order here in the USA and something must be done to guard against ever rising costs of healthcare due to frivolous or fraudulant litigation which causes skyrocketing malpractice insurance premiums, to state that americans go to the doctor to sue the doctor rather than “get fixed” is rather enflamatory. I think it would be more accurate to point out that people take advantage of those resources to which they may be availed rather than positing some sort of character differences established by a border separating our respective homelands. I wager that were canadians burdened with a similar system of healthcare managment as those in the US that similar numbers would be realised on the court dockets regarding malpractice suits. Or perhaps you feel that your canadian heritage embues you with some character traits morally superior to those of your southern neighbors. It’s the system that’s broken, not the people.

View Beeguy's profile

Beeguy

173 posts in 2237 days


#15 posted 1999 days ago

I am typing this three weeks into my new knee. I find it quite funny when reviewing the medical bills. My surgeon billed the insurance company $5000. The insurance company paid $1200 which was accepted. I think health care in the US is at the top. The problem is with how it is managed. Frivolous lawsuits, uninsured individuals showing up at the ER and not being turned away all add to the problem. I digress.

Depending on your health you can get a reasonably priced policy if you are willing to assume some of the cost in the way of a higher deductable. I always look at it that somehow I can come up with $500 or $1000 if I have to, but I can’t come up with $50,000. That is where the insurance has to come in.

Good luck.

-- Ron, Kutztown, PA "The reward is in the journey."

showing 1 through 15 of 34 replies

Have your say...

You must be signed in to reply.

DISCLAIMER: Any posts on LJ are posted by individuals acting in their own right and do not necessarily reflect the views of LJ. LJ will not be held liable for the actions of any user.

Latest Projects | Latest Blog Entries | Latest Forum Topics

HomeRefurbers.com

Latest Projects | Latest Blog Entries | Latest Forum Topics

GardenTenders.com :: gardening showcase