Lainey

Jonas that is a really good price. Even buying coverage through a group here, our family plan is close to $1000.00/month.

Maybe your youthful age helped determine the cost?

paS2K

No....I see how they hold down the costs Since only 75% is paid (after the copay) until a $3500 threshhold is reached, the ins co is saving that amount (equal to $300/ month).....as compared to the plans that I have always had.....which pays 100% of UCR (after copay) for most services. Nevertheless, I also like that risk-sharing approach which holds down the out-of-pocket cost. It does sound like a good deal

Btw, if you're working as a consultant, I believe that a portion of your self-paid health insurance (may even be 100% now) becomes a deductible expense or tax credit (?).....reducing your real cost a little bit more.

valentine

^^ Jonas, that's great thinking. Its similar to the plan we got for my daughter (only 21 and single) at $69/mo. She has a $20 copay until a $500 threshold. I wanted her to have no break in insurance since she's had a health issue with excessive red blood cells in the past, and just in case . . . I wanted to be sure there'd be no pre-existing sitch going for her. She's thinking, like you, that she should just keep this plan so she have more mobility in deciding what/where to do with the remainder of her life. I feel fairly certain she'll probably opt out of J. Crewe employment at some point . . . if she ever figures out what she wants to do with herself .

JonasM

So much for the Summer of Jonas. I start an 8-10 week consulting gig Wednesday. I've worked for this consulting company before, and they said I could stay on as a permanent employee pending the successful completion of this project. I have mixed feelings about that since I'm not sure I want to get back into consulting, with it's changing client locations & driving, but we'll see. At least I'll be double-dipping, salary-wise for the next 2 1/2 months.....

JonasM

Morris

JonasM, if you are an independent contractor with this new company, don't forget to set aside funds for taxes, including self-employment taxes. Otherwise you might come up short next April 15th. If your other salary takes you over the social security wage base (94,200 this year) you will still owe 2.9% medicare tax, plus the income taxes. Sorry your summer was soooo short.

Lainey

Good for you, Jonas! I think. Summer vacation was a bit short, wasn't it?

JonasM

Got all that covered. I have a good financial planner as well as accountant...

I did however write a letter to my former employer instructing them not to withhold anything from my severance check - that way I can pay only what is required, and no more. I want to get as much of that cash into my grubby hands as possible. We're working on what to do with it right now...

JonasM

MsPerky

I think you did the right thing by taking advantage of this opportunity. Then you have a choice at the end about further employment.

valentine

Sorry you didn't get to have the Summer of Jonas for as long as you'd have liked, but I'm sure the extra sense of security feels awfully good.

Kyras

Work work! This better not affect your coming to the Nor'easter!