When we debated whether or not to take the plunge into the startup world, we were constantly reminded that “now is the only time in your life to do this!” No kids, no mortgage, minimal expenses. Money? We’d figure it out. Health insurance? We’re young.
Hello, reality check. We blogged last week about one tough day but this weekend one of the Skimms had a scary experience as a passenger in a car accident. Fortunately, no one was seriously injured but this Skimm had to spend a few hours in the ER. Thanks to Obamacare, she is still covered under her parent’s insurance for a few more months, but a scary realization set in when she realized under her specific plan, she no longer had dental insurance and needed to see an oral surgeon.
It was a wakeup call that in a few months, she will no longer have that Obamacare option. The other Skimm doesn’t qualify under her parent’s plan and is spending her savings every month to pay for COBRA. Politics aside, there has to be a better solution.
These are scary new entrepreneur realizations: we need to get a small business insurance plan. Those things are expensive.
Any other entrepreneurs out there with similar experiences? We really don’t want to have to move to Canada.