I started working as an independent contractor about 2 years ago and have been unpleasantly surprised with my health insurance options. I’m in the state of CO and need coverage for my wife and son as well (my wife is a full-time student and stay at home mom). I make just a little bit more than the cutoff to get coverage from the CO marketplace where I think they offer financial help.
During my first year as an independent contractor, I opted into COBRA because my previous job had an excellent plan. When my wife gave birth to our son, it covered everything pre/post natal and I think we paid a total of $2,500 for the birth of our son. The 2022 plans that I’m looking at (Silver and Gold) are all 25-30% co-insurance for anything pregnancy related. I mention this because we were thinking about trying to have another kid. I ended up selecting the Cigna Connect Silver 3500 which costs about $10k per year. According to the docs if we have another kid I will most likely be relying on the out-of-pocket limit, which is $8,700 per person/$17,400 per family. I think this means that we only pay up to $8,700 for my wife’s coverage of the birth. I know that they do charge some of the cost to the baby too though. Correct me if I’m wrong, but it sounds like I may be paying around $10k to have a kid with this coverage.
I’m looking for alternatives and I feel like they must exist. I recently came across https://opolis.co/ which offers much better options by grouping together organization of independent contractors as if they are employees of a company to get better plans. The coverage looks very good, but the price is steep ($15k per year for silver plan).
I can’t help but think this all a huge scam. Part of my family is Honduran and I know a lot of undocumented immigrants in the US. They tell me that they didn’t pay a cent of their child birth in the US because it’s covered by Medicaid. Anyway, I will avoid that rant because I’m sure it will trigger people. What I really want to know is what other options might be available to me that may offer better coverage and/or prices?
EDIT
My wife and I are 35 and son is 1
submitted by /u/seansean11
[link] [comments]I started working as an independent contractor about 2 years ago and have been unpleasantly surprised with my health insurance options. I’m in the state of CO and need coverage for my wife and son as well (my wife is a full-time student and stay at home mom). I make just a little bit more than the cutoff to get coverage from the CO marketplace where I think they offer financial help. During my first year as an independent contractor, I opted into COBRA because my previous job had an excellent plan. When my wife gave birth to our son, it covered everything pre/post natal and I think we paid a total of $2,500 for the birth of our son. The 2022 plans that I’m looking at (Silver and Gold) are all 25-30% co-insurance for anything pregnancy related. I mention this because we were thinking about trying to have another kid. I ended up selecting the Cigna Connect Silver 3500 which costs about $10k per year. According to the docs if we have another kid I will most likely be relying on the out-of-pocket limit, which is $8,700 per person/$17,400 per family. I think this means that we only pay up to $8,700 for my wife’s coverage of the birth. I know that they do charge some of the cost to the baby too though. Correct me if I’m wrong, but it sounds like I may be paying around $10k to have a kid with this coverage. I’m looking for alternatives and I feel like they must exist. I recently came across https://opolis.co/ which offers much better options by grouping together organization of independent contractors as if they are employees of a company to get better plans. The coverage looks very good, but the price is steep ($15k per year for silver plan). I can’t help but think this all a huge scam. Part of my family is Honduran and I know a lot of undocumented immigrants in the US. They tell me that they didn’t pay a cent of their child birth in the US because it’s covered by Medicaid. Anyway, I will avoid that rant because I’m sure it will trigger people. What I really want to know is what other options might be available to me that may offer better coverage and/or prices? EDIT My wife and I are 35 and son is 1 submitted by /u/seansean11 [link] [comments]Read Morer/HealthInsurance