- Posted September 26, 2013 by
New York, New York
This iReport is part of an assignment:
Obamacare: Your story
Entrepreneurs Will be Able to Take Risks Without Risking Their Health
From the start, I knew that health insurance would be one of my biggest issues that I would face as a young entrepreneur. The lowest options I found for myself - a healthy, non-smoker, athletic, NY resident in my 20s - would cost me over $7,000 a year (and come with a $2,000 deductible that I would probably never reach). From 2008 until now I have been on and off insurance, as my company’s performance fluctuated when first starting. Most of my friends in the same circle that I am in - entrepreneurs, artists, innovators, tech startups - are not insured, or spend so much money for their insurance that they are still living with their parents in their late 20s/early 30s.
Lat year, I was invited to a roundtable for the White House Council on Jobs and Competitiveness. Health insurance was the topic we discussed as the biggest struggle that we were all facing as business-owners.
Most of my friends will never have 50 or more employees - their companies aren’t designed that way. It’s comforting to know that they (and myself) will be able to find affordable options to keep themselves safe, in addition to anyone who comes to work for them.