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More on Insurance

September 25th, 2015 at 07:19 pm

I just found out today that my health insurance company is no longer providing individual coverage in our state. So there you go... I need to go back to the insurance company I had in 2013. It is an HMO, and I'd prefer a PPO, but that's just not an option in our state.

I just looked at my previous insurance company, and there are three plans I'd be ok with. So I guess we have to start thinking about switching soon.

My next step is to set up an FSA; I don't use an accountant for normal tax stuff, but I think I need one for this. I called the guy I always call when I need an accountant for various things, so I'm waiting for him to call me back. If I don't have to, I don't want to use a third-party administrator; it'd be great to avoid the cost for administration when I can do it myself.

As long as I was doing some investigative work into our insurance, I verified that our term life policies end in 2027 which is fine for us. F will be in college (gasp!). We each have $500k, and we pay a total of $52.47 a month.

I also decided to get our wedding rings and my pearls appraised. I never wear the pearls; they're just sitting there in the safe deposit box. Do I need to insure them? No idea.

Posted in Life among the Self-Employed | 2 Comments »

2 Responses to “More on Insurance”

  1. snafu Says:
    September 26th, 2015 at 01:44 am 1443228246
    1443228246

    Thanks for the head's up to check various insurance policies and declutter the file by removing policies/paperwork, no longer valid since replaced by current policies for. If the change in health insurance is causing you to review life insurance is it helpful to review vehicle insurance and home insurance as a complete 'package?' Many of us include valuable jewelry as part of our home owner's personal property, carefully insured at replacement value. When you attempt to monetize jewelry, there is a disconnect between estimated value of gold, silver, pearls or precious stones and the price charged by sellers. There are a number of factors, a lot of PR and even more emotion at work. For example, quality pearls, sized with proof of origin and popularity change value somewhat similar to the way the equity market changes.

    I love quality jewelry and hope you take photos of everything of value. I wish I knew how to convince you to wear your pearls, they need the oil from yourskin to retain their lustre.

  2. rob62521 Says:
    September 27th, 2015 at 12:18 am 1443309533
    1443309533

    Enjoy your pearls...they aren't doing you any good in the lock box and jewelry is so highly marked up, you wouldn't get what they are worth if you tried to sell them.

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