We had a meeting with our financial advisors last night. This was our second meeting and we got this huge folder of our "plan". We started in three areas: my insurance, getting private insurance for my partner, and budget.
Health: I have insurance through work for free. Work offers dental and vision for a small monthly amount- I already took them up on those.
Long Term disability insurance: I already had this through work - starts 90 days after you stop work - standard 60% of pay.
The advisors pointed this out and steered us to get more long term disability coverage for myself. I am the only one with a steady income at this point and we would be screwed without it. They said that pretty much everyone needs to supplement the long term disability plan included with work insurance.
Additional cost- around 50-55 bucks a month. This gets an extra 1,000 a month in case I need LTD. This is also free from taxes.
Next, private health insurance for my partner. She is currently attending culinary school and will have no insurance at the end of August. She can't get any from school.
Our advisors showed us a well established company. We can get insurance for her for $100 a month. She will most likely get 25 dollar co-pays. We are waiting to get back all the info from the company. This was good news.
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