Healthcare insurance with your STR business?

Healthcare insurance with your STR business?

Rental Property Investor · Inlet Beach, FL · Member since 2019 · 91 posts · 32 votes

Looking to the future with the goal in mind for managing my rentals vs working a W2 job with benefits what are you doing for healthcare insurance?

My current state job has great insurance for our small family of 3 but one day I envision this changing once we reach enough properties. 

How are you handling this? 

0Reply
25 views

Most Popular Reply

Real Estate Agent · Smoky Mountains, TN · Member since 2022 · 1k+ posts · 984 votes
3y

COBRA for 18 months - then you'll need to find a health care broker to bid out for a new policy.

See this reply in the discussion

6 Replies

Jump to latestLatest
  • John UnderwoodPro Member
    Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
    3y

    I'm retired military so my Healthcare is essentially free.

  • Real Estate Agent · Smoky Mountains, TN · Member since 2022 · 1k+ posts · 984 votes
    3y

    COBRA for 18 months - then you'll need to find a health care broker to bid out for a new policy.

  • Rental Property Investor · Vancouver, WA · Member since 2017 · 182 posts · 115 votes
    3y

    You are able to pay the health insurance premiums through your business so they are a deductible expense. Better to use pretax dollars. Thanks to the ACA. 
    Just be aware that if you have employees, you have to offer them the same plan you are using. 

  • Michael BaumPro Member
    Olympia, WA · Member since 2016 · 8k+ posts · 7k+ votes
    3y

    Hey @Wesley Myers, you might be able to create a group plan by working with a professional employer organization.

    Here is an article about them - https://www.businessnewsdaily....

    Here is an article specific to PEO's offering health care insurance - https://www.businessnewsdaily....

  • Member since 2022 · 1k+ posts · 1k+ votes
    3y

    Example: $32k for a family of four, with a 17k family deductible, and the provider needs a good punch in the face. Horrible. Welcome to America.

  • Financial Advisor · Saint Paul, MN · Member since 2016 · 190 posts · 143 votes
    3y

    Odd question for a public forum but... do you attend a church regularly?  If so, you can try Samaratin ministries, Christian healthshare, Liberty or Medishare.  

    This qualifies as healthcare for tax purposes, but it's different.  

    We have a family of 6 covered for about $550 / mo.  It's definitely different than traditional insurance. But we love it. We do a lot of natural or "outside of traditional healthcare" options. Chiropractic, naturapathic doctors, IV treatments etc in order to treat chronic illness in the house.  The best part is that you pay all of your bills on your credit card, rack up the rewards then other people pay you back the balance! 

Join the conversationCreate a free account to reply, vote on answers and follow this thread.