Why I Left Google
jeanhsu.com
jeanhsu.com
For example this http://www.ahipresearch.org/pdfs/2009IndividualMarketSurveyF... document seems to indicate that someone in their late 20's would pay just under $2,000 on "average" but the numbers seem to range wildly with location and some family plans going as high as 13k per year which seems ridiculous.
Edit: This thread though it contains helpful responses confirms my suspicion that getting non employer health coverage is a complete CF.
As a young guy I think this is a fairly reasonable amount of risk to take on. Although this would be basically impossible if you had some sort of preexisting condition. Unless you live in Europe or somewhere with universal healthcare.
The only plans I found were "free pills, and 10k max coverage" or something ridiculous like that. I need the opposite.
The site domain sounds like a spam dump, but their signup system is nice. You pick your policy plan online and then a representative calls you to confirm and interview you before signing you up and sending you the policy packet.
I was paying $198/month for my COBRA plan, but am now paying for $115/month for a high-deductible plan.
Unless you live in Europe or somewhere
with universal healthcare.
I.e. everywhere except the United States and 3rd world countries?http://law.freeadvice.com/insurance_law/insurers_bad_faith/f...
High- vs. low- deductable isn't a charged issue. Only slightly oversimplified:
For high-deductable plans, you end up paying for doctor visits and basic meds out of pocket; for low-deductable insurance, you're basically paying a higher monthly fee to treat your medical care like a utility bill, and paying only copays for services. Most people have low-deductable plans (most company plans are low-deductable). Especially if you're young, low-deductable plans are kind of a rip-off. You can cut your payments in half with a high-deductable plan and use the difference to fund an HSA and thus not pay a huge premium for a health insurer to manage your money for you.
Short-term health insurance on the other hand is a bad idea. The reason you pay insurance is to manage the risk that something terrible will happen. Of the major medical events that can bankrupt you (in other words, "of the major medical events"), most can easily take several months to resolve. Not only does this expose you to huge fees when your insurance lapses and you (obviously) don't get re-insured, but you can also be assured of never getting private insurance again.
Don't buy short-term health insurance.
† Recission is an unrelated issue that affects all health insurance plans; no matter who you buy insurance from, if they can claim there was something you could have disclosed to them but didn't that would have allowed them to predict a medical event and no law prevents them from doing so, they will attempt to withdraw coverage.
You should definitely be expecting to pay a lot of money, though. Because employer-provided health insurance is tax-deductible the overall cost that you and your employer pay is lower, so you'll get either lower prices or higher quality.
After about a year or so, if you're not certain you're going to end up with a full-time job, you need to look for real insurance. COBRA will last for almost another year, but when it ends it ends, and god help you if you're hit by a car or diagnosed with something nasty towards the end of your COBRA coverage (nobody will insure you).
Coverage from the majors costs roughly $400/mo. It gets much cheaper if you choose a high-deductable plan (you should), in which case you pay for all your health care out of pocket. A family of four can expect to pay over $10k/yr for low-deductable insurance, which is what virtually all companies offer.
Now, choose your own adventure:
Are you ~22 years old, male, with no dependents, with no long-term health issues and no prior history of hospitalization for illness? You can easily buy high-deductable insurance on the open market. There are several websites that will sell it to you.
Otherwise: you may be screwed. If you don't qualify for a group plan of some sort (which is how most Americans obtain health coverage), you may find that you are uninsurable. For instance, in the first year of Matasano, we tried to get private insurance and found that both my daughter and my wife were uninsurable. My daughter had been hospitalized for a freak seizure when she was 4. Erin has a functioning female reproductive system. NO COVERAGE. Not, "we won't cover the things we don't like". No, NO COVERAGE. Every insurer. The list of conditions with "deny coverage" attached to them, which most insurers publish, includes a wide variety of conditions experienced by tens of millions of people.
Good luck!
This seems to be a law that (among other things) gives employees a right to keep health insurance coverage after leaving employment.
Edit: For example, under my last employer plan I was paying 168.00 for my wife and I. If I elected COBRA that would have jumped to 660.88.
BTW, the fact that I've had to learn all this stuff as part of starting a company is alone a draw on my time to innovate. Go with single-payer and you'd free up a ton of small company officers' time.
Maybe the mindset that lauds and supports this type of support is one that is not willing to take the risks in the first place (at least, not in the same numbers).
See: http://en.wikipedia.org/wiki/Community_rating
It's complicated, of course. There are varying degrees of community rating, and these laws (particularly without a mandate for everyone to buy insurance) sometimes cause insurers to drop out of the market.
You just go to an insurance broker or provider, pick your plan, and you're all set up in a month or two. The employees do have to fill out medical questionnaires, but regardless of whether they are healthy 25-year-old men or they all have super-cancer, the outcome is a foregone conclusion -- "Approved, 1.10." That means your company pays the statutory maximum of 10% over the typical rates for larger groups.
Because, and of course only because, that's California law. Your company cannot be turned down even if none of your employees would ever qualify for personal coverage.
Yes, this is basically corporate welfare for the benefit of the employees. But it mostly overcomes the health insurance objection to starting a small business, so as far as I'm concerned it's fantastic.
In the end, we decided it was cheaper to go with individual plans until we grow bigger.
If your S-corp pays for health insurance for employees or dependents, that is an "above the line" deduction and is not subject to payroll taxes (although not outright deductable from income). See an accountant as these laws are changing the past couple years.
I was on COBRA anyway when I started and stuck with Subchapter C so I didn't encounter these issues.
Definitely a strong argument for early incorporation if you can swing it.
Sorry, when you say that, do you mean they wouldn't insure her in case she got pregnant, or am I misreading something? That's shocking, and a stupid drain on being able to start a company.
Thankfully, the old job was in Maryland, where state law requires insurance companies to offer a continuation policy after cobra expires. It continues as long as you want it and make your payments, and they have offer you a similar policy in the state you move to if you leave Maryland.
We pay almost $1000/month for my wife and the kids to be covered. I have no health insurance at all. Because the policy is in my wife's name, it doesn't qualify as a sole proprietor business expense. (If it were in my name, it would count as a business expense as of 2010, even though it's not bought through the business.)
Because of preexisting conditions, we can only get private insurance that excludes most of the things likely to go wrong with my wife and kids. We're now in Florida where the state offers an HMO for children in low income families, but you can buy into it at full price if you don't qualify income-wise. Since the pricing is per-child not per-family, and our fourth is due in June, and we don't qualify for the discounts, the HMO isn't a useful option for us right now. (The 'and children' part of our current insurance is a comparatively small expense.)
EDIT: s/principle/principal/ #morning fog
Founder's son had a lung collapse and spent days in the hospital, but only paid 4K out of the HSA.
Co-worker had a preemie that spent a month in the hospital before they could take him home. Once again, $4K out of the HSA. High deductible covered the rest.
Another co-worker with a long term illness had $400/mo in prescription meds they needed. Covered.
Needless to say, they upped our rates the following year...
As they say, YMMV.
I still think a single-payer system would be best for the economy overall. Decoupling healthcare coverage from employers should free up the market for people to switch jobs and take some risks that might otherwise be unthinkable. If the only thing keeping people working for a company is the healthcare, then maybe that company's practices actually have a negative net impact on the economy even though the balance sheets are in the black. Productivity, stress, and morale may actually be improved by a company with better work-life balance. It's worth considering the side-effects the structure of our society has beyond the highly visible numbers.
I don't see HSAs as an add-on to insurance (i.e., offers any kind of protection). I see them as a way of paying for meds, office visits, etc. with pretax dollars as long as you are healthy and continuing to work.
Also, you don't have to be good at investing to fully fund an HSA; the difference in cost between low- and high-deductable insurance is supposed to offset the cost of funding an HSA, and currently does do that.
I say this every time this issue comes up on HN: in the first couple years of Matasano, one of the top 3 reasons candidates declined to work with us was health insurance.
There's even a term for this among the muggles in the mainstream media: "job-lock". It's very real. If you have a family, job lock is one of the major things keeping you from starting a company, or become a freelancer (a good first step towards entrepreneurship).
Being locked into a health provider can be devastating in a number of different ways.
I think I missed this because portability doesn't guarantee issuance of individual (non-group) health insurance. It's a very good thing for people who change jobs, but not a very good thing for people who want to start companies.
Our plan for this is basically: COBRA -> Student health insurance (wife's school) -> ???
I'm paying $491.00 /mo for Cobra (10% more than what my employer was paying for my coverage). Because I live in California I should be eligible for Cal-COBRA which extends my coverage to 36 months total.
It's expensive but worth it. Taking the plunge to go out on my own as a freelancer has been one of the best decisions of my life.
If you are fortunate to not have any preconditions and don't have a family you need to cover, getting your own health insurance shouldn't be that hard materially. It is pricier though than rates you'd get from an employer.
Under the Act, all plans and insurance issuers that offer dependent coverage must offer coverage to an enrollee’s adult children whether married or unmarried until the child reaches age 26, even if the adult child no longer lives with the parents, is not a dependent on a parent’s tax return or is no longer a student. (Plans that do not provide dependent coverage are not required to do so under the Act.) However, this extended eligibility does not apply to the adult child’s spouse or children. This expansion of eligibility is effective for plan or policy years beginning on or after September 23, 2010. Calendar year plans will have to comply as of January 1, 2011.
http://dmeclegal.wordpress.com/2010/05/17/details-on-depende...
Could be handy to have health insurance as well as some extra time to program.
You know if I was to self-post something to HN, I'd at least try to mention something I'm working on, or some technology I'm using or some idea I have. There's nothing like that here. There's nothing here.
I don't understand what the upvotes are for? Moral support?
That said, this article didn't tell me a whole lot about why Google might not be as great a place as you think, except the stuff I expected (it's a big company, you're not really in control, etc.).
Good for her by the way, upvoted. Let's see who is next to strike out on their own.
HN is all about start-ups, this lady is going to do one that makes it worth following her adventures, there will be lessons to be learned for lots of people in what she goes through and that starts at the moment she made the decision to quit, which can be surprisingly hard when you're in a cushy job.
Golden handcuffs, no key. You have to break them first.
I think these things speak to other topics that have proven of interest to HN, such as the lower appeal of Google to new talent, and whether Google will be a platform for innovation in the future.
It's probably my biggest annoyance with working at Google, but I accept it because I know the alternative is worse. If you never canceled projects, then the only things you'd be allowed to work on are Big Important Things blessed by some VP high up, things that are too big to fail. That's how many other big companies work, and they usually end up with idiotic projects where it becomes apparent to everybody (except the VP) that the project is a waste of time, and yet they keep going because some executive staked his career on it.
BTW, startups face this problem too. The equivalent to a canceled project is a failed startup - there're only so many new products that the market can bear, so consumers choose to put their dollars into the products that are most useful and let the others die. The difference between this and the Google model is:
1.) You get to decide when to quit (or the market decides for you, if you run out of money).
2.) You don't get paid for the time you spend deciding.
For many people, this is a bargain worth making, but you should know that's the bargain when you take it. I've been on both sides - I took a pretty nice job in a financial software startup for a couple years out of college, then founded my own company, then folded it up and went to Google, and won't rule out eventually founding another company. The advantage of letting someone else make the decision of when to quit is that these people have had lots of experience picking winners, so once my head was primed with a few failures, I figured it might be a good idea to watch some folks who've actually had some successes and see what they do differently.
If the project was for instance 'wave' then I can easily understand how having it terminated is a pretty gruesome experience. If you have been given the impression that a project has staying power and the carpet gets yanked out from under it before it gets under way I'm not quite sure how I would respond to that but it certainly would not make me happy. (and if the project wasn't wave then I'm really curious what it was).
Most project cancellations are things that haven't launched, or if they have launched they might get a TechCrunch article and then are forgotten. There's a lot that goes on in just general infrastructure or search quality that has no UI at all, it just feeds into better ranking algorithms or higher capacity. A lot of this work is experimental, done under the charter of "Let's see if this makes things better, and if it doesn't, we'll have you work on other things."
Would you say this to someone if you were talking face to face? I hope not.
"You left Google, to do what??"
"You're crazy."
Not offering a shoulder to cry on is not mean.
http://news.ycombinator.com/item?id=2157137
So chances are this was a mean commenter in the earlier days too. But it would seem back then it was unusual and unacceptable enough to get the account banned, whereas now the meanness is more common place.
On balance though, as someone who lurked for a long time before signing up to contribute, it is still one of the most supportive communities anywhere that I've had any involvement with personally.
Breaking out on your own to create your own products forces you to adapt in ways a "cushy" corporate job just can't stimulate. And although it's infinitely harder, the battle is worth fighting through. Seeing it through, persevering, and then driving home a success, all on your own (or with some help) is an experience you simply can't replace.
Best of luck to you. This is a great community to help see you make it happen. And congrats!
There is no "one true way".
* Walled garden.
* Various plants (projects) pushed into the corner. Tidy, but the organization of them is somewhat arbitrary. Some are taller and bushier, but some are looking kind of scraggly. Many are on the shelf.
* Watering can and broom: maintenance is always there waiting.
* Manager in the foreground asking "What are you doing? Why aren't you sweeping? When am I going to get fed?"
- In the selection process, how important is pedigree on the resume as bane mentioned? I graduated at the top of my class but from a mediocre university and with a B.S. in IT (not CS), and I've wondered if this has hurt me in the selection process. I've interviewed twice at Google, performed very well, but got rejected in the end both times. Last time I actually got rejected, then offered another position, and then rejected a second time, lol.
- Does a recommendation from an existing employee give you a boost in the selection process? Google claims the process is 100% anonymous but I've wondered about that. I made a contact with one of the interviewers last time and I'm wondering if it'd be smart or even kosher to ask the guy for a plug.
Recommendations from people you know and have worked with and who can vouch for how awesome you are are valuable. Recommendations from someone you spoke to once aren't.
But equally, the ending really does IMO show that she's made the correct decision:
"After I turned in my laptop and completed my exit interview on my last day, I felt such exhilaration and relief. A whole world of opportunity was out there, and I drove home with a ridiculous grin on my face."
That definitely is a nice ending to a great blog post. Best of luck to Jean.
Love it! What great inspiration to anyone considering taking the leap into entrepreneurship. There will be plenty of challenges along the way, but there are few things in this world more rewarding.
> I really miss the heated toilet seats.
I never ever thought that that would figure in to reasons for leaving or staying at a company.
It looks like having her project canceled hurt her pretty badly, big companies have a way of axing projects that do not take the feelings of the people that work on them in to account at all. We all understand it has to happen, how you go about it can make all the difference.
I hope that she finds what she's looking for, if you're thinking about doing the same, it helps if you have a better idea of what you're going to do when you quit your job, it helps even more if you've already been experimenting with different avenues while still employed, that way you save some runway that might bite in to your savings in a way that you regret later on.
Having a good plan is really important, quitting without having a good plan may work but it will definitely complicate matters.
Best of luck to Jean, I hope she keeps us informed about how this all works out.
One of the benefits of the major corporations is that they have policies in place for leaves of absence. Then you would've gotten the best of both worlds: 1) a fall-back plan if you fail to monetize in your venture 2) a rigid time-period where you need to finish your venture (and not just be open ended on figuring out your life)
I did something very similar, after a longer period of time (9+ years) in the corporate world. I needed that time to germinate my technical ability and understand my relevant skillset. For me, it was reading "Hackers and Painters" rather than the Princeton article you linked that got me to pursue my independent career.
In a fast-growing company like Google that's still hiring, having a good performance record and keeping in touch with coworkers is practically as good as having a sabbatical, anyway. If she were to reapply to Google and her resume said "Google: 2008-2010" and her old performance reviews were good and she had good code leftover in the version history, do you think Google would turn her down? I know of a bunch of people that left Google for startups or FaceBook or other companies and then returned, and it's basically as if they never left (except that for legal reasons, Google can't preserve their old option grant and has to start fresh with stock compensation).