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Turning 26 - No W2 Job - Health Insurance Options?

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FreedomVibes

Contributor
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Jul 1, 2016
16
26
New York City
Hey All,

I live in the US and turn 26 next month, so am being pushed off my parents health insurance plan. I no longer work for a large company after quitting last summer, but do own a few small businessess that bring in small income, as well as savings in the bank.

Any suggestions on what to do for health insurance from people that have been there? Try to sign up for Cobra (which I heard is costly), or try and get coverage through my own business? (havent even looked into that much).

Any help is appreciated!
 
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MJ DeMarco

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You can get a group plan through your business if you have 2 or more employees.

Medishare is another option, although those usually have a religious component.

Other than that, you'll be stuck with the dreaded O'Care found at Healthcare.gov.

With your age (and good health) you should have reasonable options and prices there.
 

FreedomVibes

Contributor
Read Fastlane!
Jul 1, 2016
16
26
New York City
Thanks @MJ DeMarco - thats definitely helpful. This is definitely one of the less fun parts of all of this. I'll share my research with resources I find helpful here so anyone going through the same crap has somewhere to start.
 

WJK

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Oct 9, 2017
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Thanks @MJ DeMarco - thats definitely helpful. This is definitely one of the less fun parts of all of this. I'll share my research with resources I find helpful here so anyone going through the same crap has somewhere to start.
We have a "grandfathered" major medical plan with a very high deductible. And then another policy that covers accidents. I understand that new, similar policies are allowed again.

Welcome to the world of being self-employed. This is a problem for all of us.
 
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