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I’ll be spending over $250,000 on health insurance!
10/13/2023
I’ll be spending over $250,000 on health insurance!
Health insurance premiums have increased 287% since 1999 for everyone. But when you are self-employed, like I am, you have to pay for your health insurance. We currently pay $1527 per month for a family of four. $18,324 per year. $8500 deductible. My kids will be on the plan for at least the next 10 years. If I use the same inflation rate on premiums, the amount I will pay for health insurance over the next 10 years is: $265,000 Not including the deductible we would have to pay in the event of any medical issues. I doubt this problem will be fixed anytime soon. If you are self employed, raising income and protecting wealth from taxes still seems like the best strategy going forward. To learn more advanced strategies to cut your taxes by 50% if you are self-employed visit our LinkedIn group for high net worth individuals:
/episode/index/show/wealthforlife/id/28311992
