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Re: OT/ farm health insurance
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Posted by John A. on September 21, 2004 at 21:31:38 from (65.161.170.167):
In Reply to: OT/ farm health insurance posted by Ray on September 21, 2004 at 19:20:48:
Ray,Guys. I am , and hold and Life,Accident,Health License. Commonly known as a Group I license, Here in Texas. Health Insurance ,by the nature of the beast will always go up. There are too many varables now. To help safeguard yourself from future price increases Look at the HSA (health saveings accounts) policies. On your next policy. As long as you are somewhat young and in reasonable good health it is easy to swap new policies every 18 months. (Nal. Ave.) But there comes a point in time when a Pre-exisiting condition will stop you from getting a new policy, So you are forced to cut benefits are raise deductables.To keep the one you have. The HSAs allow you to save money in a side fund of the policy to use for the out of pocket expenses, (Dr.visits, Hosp ded, Rate increases!) It will grow at the current % rate of growth. You can put in around 2000/yr single,There are little to no tax libilities when used for, or in conjunction with your health policy. Laws vary from State to State so visit with some one in your State. There are no easy answers, Free Lunchs, Some one pays for it. Either your employer (Group policy) The local City, County Hospital District, or what ever. for the folks who can't or Won't pay. As a self employed person ther are tax benefit too, visit with your account. Ray , right now you are entering what I call the "B1tch years", Your premiums are going too continue to climb till your 65. Simply because it is now when most people start haveing health problems. I highly recomend you look into a HSA. Anyway hope this helps. Later, John A.
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