Comments on: Entrepreneurship & the Family: Health Insurance http://brockblake.com/2007/12/19/entrepreneurship-the-family-health-insurance/ Brock Blake blogs... Thu, 18 Feb 2010 01:08:08 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: The Impact of Healthcare on Startups at Bilgistic http://brockblake.com/2007/12/19/entrepreneurship-the-family-health-insurance/comment-page-1/#comment-18015 The Impact of Healthcare on Startups at Bilgistic Tue, 08 Jan 2008 14:09:24 +0000 http://brockblake.com/2007/12/19/entrepreneurship-the-family-health-insurance/#comment-18015 [...] startups from getting started. But maybe that really isn’t the whole story as others have pointed out. Getting health insurance is painful and expensive and I imagine that it has kept more than a few [...] [...] startups from getting started. But maybe that really isn’t the whole story as others have pointed out. Getting health insurance is painful and expensive and I imagine that it has kept more than a few [...]

]]> By: Shauna http://brockblake.com/2007/12/19/entrepreneurship-the-family-health-insurance/comment-page-1/#comment-17358 Shauna Wed, 26 Dec 2007 17:24:22 +0000 http://brockblake.com/2007/12/19/entrepreneurship-the-family-health-insurance/#comment-17358 I wrote a blog about my experience with buying insurance. I've found going to an independent agent was a lot easier. I'm young, and still learning about all of the componants that go into purchasing and using insurance. If you're interested, you can read the blog here, http://shauna26.wordpress.com/2007/12/12/saving-money-on-insurance/ Thanks, Shauna www.shauna26.wordpress.com I wrote a blog about my experience with buying insurance. I’ve found going to an independent agent was a lot easier. I’m young, and still learning about all of the componants that go into purchasing and using insurance.

If you’re interested, you can read the blog here, http://shauna26.wordpress.com/2007/12/12/saving-money-on-insurance/

Thanks,
Shauna
http://www.shauna26.wordpress.com

]]> By: John Karavas http://brockblake.com/2007/12/19/entrepreneurship-the-family-health-insurance/comment-page-1/#comment-17319 John Karavas Wed, 26 Dec 2007 00:52:54 +0000 http://brockblake.com/2007/12/19/entrepreneurship-the-family-health-insurance/#comment-17319 Ok, I did a little research and 30 cents on the dollar going to health insurance shareholders is certainly on the "wish-list" of many stockholders, but not close to reality. Most companies pay their non-claim operating expenses on half that margin of profit. As of the uninsured, sure we can take on the sick, we all just have to be willing to pay for them by way of increased health costs or a tax increase. Best advise I have is get it when you don't need it, so you will have it when you do. Ok, I did a little research and 30 cents on the dollar going to health insurance shareholders is certainly on the “wish-list” of many stockholders, but not close to reality. Most companies pay their non-claim operating expenses on half that margin of profit.

As of the uninsured, sure we can take on the sick, we all just have to be willing to pay for them by way of increased health costs or a tax increase.

Best advise I have is get it when you don’t need it, so you will have it when you do.

]]> By: Natalie Hodge http://brockblake.com/2007/12/19/entrepreneurship-the-family-health-insurance/comment-page-1/#comment-17046 Natalie Hodge Thu, 20 Dec 2007 23:31:33 +0000 http://brockblake.com/2007/12/19/entrepreneurship-the-family-health-insurance/#comment-17046 Well, I'm going on three years with no health insurance for my family of SIX. Luckily I am a pediatrician with a house call platform, so caring for my own kids is not so scary for me, but it would be nice to actually have a doctor for myself. I agree that any entrepeneur take advantage of a high deductible plan at 3,500 G's a year rather than full coverage 13,500 in 2007. Don't forget that of the full coverage plan 30 cents on the dollar goes directly to the shareholders of Blue Cross, Aetna and United Health care. If you are hit by a bus, you will be covered after your grand or two grand five deductible. I am going out on a limb here, but a whole focus of my company is to sell our affiliate memberships to companies in conjunction with High Deductible/HSA combination. ( our affiliate membership fees come out pretax) And remember the latest on percentage of families denied insurance for " pre existing condition" is 11%. Quite a disgrace for those children with asthma, allergies, other common childhood diagnosis. Natalie Hodge MD Well, I’m going on three years with no health insurance for my family of SIX. Luckily I am a pediatrician with a house call platform, so caring for my own kids is not so scary for me, but it would be nice to actually have a doctor for myself. I agree that any entrepeneur take advantage of a high deductible plan at 3,500 G’s a year rather than full coverage 13,500 in 2007. Don’t forget that of the full coverage plan 30 cents on the dollar goes directly to the shareholders of Blue Cross, Aetna and United Health care. If you are hit by a bus, you will be covered after your grand or two grand five deductible. I am going out on a limb here, but a whole focus of my company is to sell our affiliate memberships to companies in conjunction with High Deductible/HSA combination. ( our affiliate membership fees come out pretax)

And remember the latest on percentage of families denied insurance for ” pre existing condition” is 11%. Quite a disgrace for those children with asthma, allergies, other common childhood diagnosis.

Natalie Hodge MD

]]> By: John Karavas http://brockblake.com/2007/12/19/entrepreneurship-the-family-health-insurance/comment-page-1/#comment-17008 John Karavas Thu, 20 Dec 2007 03:28:20 +0000 http://brockblake.com/2007/12/19/entrepreneurship-the-family-health-insurance/#comment-17008 A few quick words based on my background. Individual health insurance is generally less expensive than group since the individual product is reviewed for health issues and if there are any, the policy applied for may be declined or qualified w/ restrictions. Group on the other hand, in many instances is issued even if there are medical issues w/ some of the applicants. Thus group policies can have higher claim costs and therefore higher rates to recover the expenses. For those who are healthy yet having trouble paying for health insurance, think about buying a "Hospital Expense" policy w/ a good company which has a $1,000 or greater deductible. The premium savings can be substantial. Being admitted to a hospital because of a sickness or injury can accumulate ten's of thousands of dollars in bills in just a matter of days, so in my opinion, the most "bang for the buck" is in this type of policy. A few quick words based on my background. Individual health insurance is generally less expensive than group since the individual product is reviewed for health issues and if there are any, the policy applied for may be declined or qualified w/ restrictions.

Group on the other hand, in many instances is issued even if there are medical issues w/ some of the applicants. Thus group policies can have higher claim costs and therefore higher rates to recover the expenses.

For those who are healthy yet having trouble paying for health insurance, think about buying a “Hospital Expense” policy w/ a good company which has a $1,000 or greater deductible. The premium savings can be substantial.

Being admitted to a hospital because of a sickness or injury can accumulate ten’s of thousands of dollars in bills in just a matter of days, so in my opinion, the most “bang for the buck” is in this type of policy.

]]> By: Jason http://brockblake.com/2007/12/19/entrepreneurship-the-family-health-insurance/comment-page-1/#comment-16984 Jason Wed, 19 Dec 2007 22:11:39 +0000 http://brockblake.com/2007/12/19/entrepreneurship-the-family-health-insurance/#comment-16984 Hey Brock, good info here. Your son sounds like mine.....(stitches i mean) As a fellow entrepreneur I remember having a heck of a time finding affordable insurance benefits for my family, employees and myself. Finally i found this company UHB on the web at www.unitedhealthbenefits.com there i was able to get just what i needed. it's been 2+ years now and so far so good. Hey Brock, good info here. Your son sounds like mine…..(stitches i mean) As a fellow entrepreneur I remember having a heck of a time finding affordable insurance benefits for my family, employees and myself. Finally i found this company UHB on the web at http://www.unitedhealthbenefits.com there i was able to get just what i needed. it’s been 2+ years now and so far so good.

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