On 1/18/07, Timothy Boyden <[EMAIL PROTECTED]> wrote:
Medical and life insurance - This is the expensive part, without a bulk discount, insurance is like $2000 a month
Actually, this is where a bit of planning can save you a *huge* amount. Instead of buying insurance - which you have to pay whether you use it or not - check out Health Savings Accounts (HSA). They are *not* the same as FSA's. You have to get basic catastrophic insurance which covers major things like cancer, car accidents, etc with a high deductible. I pay $40/month and have a $5k deduction. But then, you get to create a pre-tax savings account which you can deposit funds into.... and the funds are 100% yours from day one and grow like a normal savings account. If you have the ability to start putting funds into it during your 20's or 30's, you could have a huge amount in no time... But the best part is that you can get discounts... remember that many doctor's offices and hospitals have people who their only job is to fight with the insurance companies. When you offer to pay in full right then and there - via the debit card attached to the account - they often give discounts. For example, my wife is knocked out with the flu at the moment and when I took her to the doctor a couple days ago, they knocked 30% off the bill while we were standing there. Now let's do the math... $2000/month for insurance you might not use that month OR $40/month for insurance you might not use + $1960 into a savings account For details check out: http://hsainsider.com/ -- D. Keith Casey Jr. CEO, CaseySoftware, LLC http://CaseySoftware.com _______________________________________________ New York PHP Community Talk Mailing List http://lists.nyphp.org/mailman/listinfo/talk NYPHPCon 2006 Presentations Online http://www.nyphpcon.com Show Your Participation in New York PHP http://www.nyphp.org/show_participation.php
