Health/Dental Insurance: One of the Tough Parts about Entrepreneurship

Did you know that 26% of 18-64 year-old self-employed people are uninsured in the US? Did you also know that a root canal can cost upwards of $1,400 per-tooth? Not to mention a crown for that root canal is around $1,500? Add-in X-rays and other miscellaneous work and you’re looking at over $6,000 for a pair of emergency root canals.

I found out how that works just recently. Fortunately I was still partly covered by employer insurance and COBRA, but that was only up to $1,000 of coverage for the year which was quickly eaten-up. It’s loads of fun to have a monster tooth-ache on Christmas and rush into your dentist the day-after for an emergency pair of root canals due to massive infection. While I’m still juggling the effects of this health-related bomb, it’s a fun way to start rebuilding a company. Did you know that over 62% of all bankruptcies filed by individuals recently was due to medical expenses according to Harvard? Considering that in the US, roughly 25% of the population is self-employed, that’s a lot of small business going belly-up due to unexpected medical expenses.

And now, I can see why. Get covered and even consider lower cost, income-dependent health clinics and dental schools in your area.

on January 16, 2012
Last modified on May 6, 2015
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