Ready to be a full time real estate investor but concerned about Health Insurance.

[Brad Gibson]

I feel that im ready to go full time as a real estate invester. I have rentals that are cash flowing well and doing ok as a realtor. Also in the process of looking for my first flip. The thing that is standing in my way at the moment is health insurance. I have a full time job now that has good insurance and planning on starting a family in the next 2-3 years but I hear its crazy expensive using a private company. Anyone else have this issue? If so is there a reasonable rate out there? Any info would be great. Thanks.

[Darrell Shepherd]

Bradley, I hate to tell you, but insurance usually costs more through a group plan, you just don't see how much your employer is paying for you.  The AHA is a disaster, but its what we've got, so you just need to run the numbers and get where its comfy for you on managing those expenses before you go full time.  Its gonna get worse I think, the theory was that if everyone was insured we wouldn't have to pay bloated prices to cover the uninsured, but I think what'll happen is that without any downward pressure on costs and us being forced to pay whatever they say, the cost of care will continue to rise and with everyone 'insured' the utilization is going to go up, which eventually has to be paid for through premiums.  My costs tripled because apparently the feds know more about risk management than I do and disallowed my high deductible no frills plan.  Joy.

Anyway, options are pretty limited now, you just have to check the exchanges, read through the plans and budget for what you think is your best option based on your usage.  Ehealth has a pretty decent platform for checking things out.  I doubt there are any health agents out there anymore to explain them much, cant be any money in it these days...

The other thing you can do is check the subsidies and see if it makes sense to structure the business so your personal income is low.  

My advice?  Go make so much money it just doesn't matter!