Post # 1
Darling Husband just got offered a full-time job with a company he’s been trying to get into for 3 years. However, the salary is a slight decrease from his current job, and the health insurance is pretty expensive (the cheapest possible plan — HSA with high co-pays and a steep deductible to meet). It’s a great “get your foot in the door” opportunity, but in the immediate future wouldn’t provide a great deal for us financially.
We would be paying 30% of his pre-tax income on our health insurance. That’s before also adding in dental and eye care, which bumps it closer to 35%.
I’m literally at a loss of what to do. Darling Husband definitely wants to take the job. We’ve already made drastic cuts to our cost of living so that I could go back to graduate school (we share one car, no cable/landline phone/newspaper delivery, and all grocery shopping is done on a strict budget and with a large stack of coupons — currently, with his slightly higher paying job, the amount of “disposable income” we have is laughable).
Should we go without health insurance for a year?? The thought of that scares me to death. What if I accidentally get pregnant? (I’m on BC, but there is always the chance). What if one of us happened to develop some sort of chronic health condition? Broke a bone? Developed a serious illness requiring hospitalization?
Any and all opinions and advice welcome.
Post # 3
Also, meant to post this in “wellness”, NOT “weddingbee” thread. Sorry 🙁
Post # 4
Have you priced out private insurance out there? There are some that are basic for a good price. I know a few friends who have gone this option.
Remember though that you would be paying with post tax dollars vs. pre-tax
Post # 5
How would the situation change in a year? Would health insurance be less expensive then? Or will you be done with grad school and are assuming you will have a better option if you get hired?
What are your ages, and do you have any health concerns now?
Personally, I am also afraid of being without health insurance for a year, but currently am going without vision and dental insurance. Could you cut those as non-essentials? (dental cleanings aren’t that expensive on their own)
Post # 6
Does your grad school offer insurance plans for students/spouses? Perhaps Darling Husband can be on his employer plan you can can be on a private plan or grad school plan?
I know people who did just fine without insurance, but I also know a few people who got into serious trouble because they didn’t have it. I don’t think going without insurance is a good option at all.
Post # 7
- Wedding: May 2013 - Walt Disney World
@MrsEdamame: I agree with the comments of the PPs above. If you are able to get the cheapest insurance option, I would say go for it. Researching other private insurance companies may also get you a better rate, at least temporarily until you guys are more financially steady. After a year, will your Darling Husband be promoted and that is why you are forecasting being out of insurance for that time?
I am in a similar situation. I used to be fully covered through the military but am no longer active duty. I have benefits as a veteran with the VA but getting (and keeping) an appt is ridiculous. After having a pending appt for 3 months (just to get a PCP established so I could get an OB/GYN referral for BC), they called to tell me the doctor wouldn’t be in and the next available appt would be in March (which at the time of appt cancellation was 6 or so months in the future!). I was put on a wait list but alas, never received a phone call. Now, I’ve been out of BC for over 3 months and finally decided to make an appt with Planned Parenthood and pay out of pocket. I’m now on Day 3 of my 1st pack, no thanks to the VA. I hope and pray that nothing serous happens between now and the wedding (next May) when I will be able to have health insurance through my FH.