Comments on: Texans To Compare Health Insurance

By: SoA990

SoA990 — Thu, 26 Nov 2009 22:43:41 +0000

If even capitalist Ireland can provide universal health care for it’s people, why can’t we? The nature of free-market health care encourages these practices because actually treating people means a loss of profit. I’ll never get health care in the current system because “high functioning” autism is a pre-existing condition that can’t be blamed on a poor lifestyle. The sooner we join the rest of the world in providing non-profit universal health care, the better.

By: jjonathan360

jjonathan360 — Thu, 26 Nov 2009 03:50:00 +0000

@shaithis45 i couldnt agree more

By: prettyting

prettyting — Thu, 26 Nov 2009 02:46:04 +0000

The purpose of any type of insurance is to protect against catastrophic loss. Using health insurance as an example, most everyday medical expenses are not very expensive (a physical exam averages $150.00+/-), but if you are admitted to the hospital for an emergency your medical bills would be in the tens of thousands of dollars at a minimum. If you do not have insurance you "self-insure" againts that potential catastrophic loss. Without insurance, the average person would face financial ruin if faced with a major loss.

By: shaithis45

shaithis45 — Thu, 26 Nov 2009 00:44:11 +0000

@jjonathan360 perhpas if they were to make health insurance more of an investment opportinty where you get a set amount back for using the insurance left and become and individual partner in the system (i.e. stocks) while your basical policy covers you at 100% bor basic services and hospitalization. Though it was never about insurance it was address true medical costs and perhaps the industry should based rates on a sliding scale based on ones income keeping it affordable for all.

By: LOVER

LOVER — Wed, 25 Nov 2009 22:39:40 +0000

Well, if she's 40 and perfectly healthy, it's going to cost her about $500 a month to have a low/no deductible plan that covers checkups.

You BUY it on a month to month basis. If you want low monthly payments, you have to cut the coverage – like take a $10,000 deductible. Or higher. That would cut payments down to maybe $200 a month or less.

The older she is, the less healthy she is, the more it costs.

Your best bet, is to find a local, independent agent, who can help you balance cost with coverage.

By: shaithis45

shaithis45 — Wed, 25 Nov 2009 19:12:44 +0000

@jjonathan360 Howard Dean said it best. All they had to do was expand Medicare for all (i.e. up the premiums from our paychecks) and so long private healthcare. Instead the bill just seemed to keep supporting a corrupted industry that is highly biased based on risk and zip code you live in.

By: august14jc

august14jc — Wed, 25 Nov 2009 18:33:59 +0000

need a heath care plane? go to ivegotcoverage. com/62812229 to get a quote!

By: Jackie S

Jackie S — Wed, 25 Nov 2009 18:06:47 +0000

No.
The insurance through your husband's employer does not meet the test of having been established through the S-corp.

By: jjonathan360

jjonathan360 — Wed, 25 Nov 2009 11:41:13 +0000

insurance is a SCAM! there are certin things in life that should be non profit…

By: prizice24

prizice24 — Tue, 24 Nov 2009 23:39:08 +0000

Multiple member LLC's can be taxed 3 different ways:

1. As a partnership
2. As a C corporation
3. As an S Corporation

The deductability of health insurance premiums for your LLC will depend on which of the 3 types of entities your LLC elected to be taxed at (the default is the partnership form of taxation).

Typically, you will be able to deduct 100% of your health insurance premiums although there are some specials considerations for owner/officers of S Corporations who own more than 2% of the company.

If you speak with a CPA or qualified tax advisor they should be able to give you plenty of good tips. One thing that you may want to mention is a medical reimbursement plan. Here is some more detail on medical reimbursement plans: