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Investing in Real Estate with Clayton Morris | Investing for Beginners

676: How to Pay for Your Health Insurance Yourself - Episode 676

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

Investing, How To, News, Education, Business, Business News

4.11.1K Ratings

🗓️ 8 October 2020

⏱️ 18 minutes

🧾️ Download transcript

Summary

When you quit your day job and live off of your real estate business, you’ll have to pay out of pocket for health insurance. For many Americans, shifting away from an employee-sponsored health plan is a scary idea, but it doesn’t have to be!

On this episode of Investing in Real Estate, you’re going to learn how to make more informed decisions about healthcare plans. We’re covering deductibles, premiums, out-of-pocket expenses, and more. If you’ve ever wondered how to pay for your health insurance yourself, this one is for you!

Transcript

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0:00.0

Hey everyone. I'm Clayton Morris. I'm Natalie Morris and this is the show where we help you build financial

0:10.0

intelligence and then ultimately financial freedom. We do it through buy and

0:13.6

hold real estate. We own businesses that buy real estate and we want to teach you

0:17.9

how to do the same thing. So today on the show we wanted to talk about health

0:21.1

insurance because if you're an entrepreneur and you're

0:23.9

starting out and you're thinking about quitting your job this is something that

0:27.6

always holds people back right it's one of the questions we get the most well if you

0:31.9

both quit your day job

0:33.1

because you're financially free,

0:34.8

what about health insurance, right?

0:36.9

Well, a lot of times people will say,

0:38.7

well, then one of us should keep our jobs.

0:41.2

And we want to point out to you a couple of flaws in that way of thinking because there are ways to continue to have health insurance but still also not work for anybody else.

0:53.4

Now, this is obviously a show that is for American citizens.

0:57.1

If you're a foreign investor, most likely your country

0:59.9

has different laws about health insurance.

1:02.0

But in America, it is most common to have

1:04.8

employer-sponsored plans right this is fairly actually recent it only started at

1:10.0

around the 50s or 60s where employers were starting to subsidize health

1:14.8

insurance for their employees. I don't actually know what happened before but

1:19.5

now that becomes something as Americans that we like hold on to like we have to have a

1:24.3

job so that we can have health insurance right it's such a flawed way of

...

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