Health insurance for independent contractors
As more Americans go to work for themselves, starting small businesses or working as independent contractors, the need for self-employed health insurance is increasing.
Unfortunately, health insurance for independent contractors tends to be more expensive than employees offer group insurance plans. That’s why more than half of all self-employed Americans do not carry an insurance policy. While this saves them money in the short term, can be economically disastrous when they realize they need to go see a health professional.
One way to save money on your insurance is the safe use of your working spouse group insurance plan. If your spouse works for a large company whose insurance plan covers benefits for families and spouses, you may be able to get their insurance. This is a good option for those who are just starting their own business. It is not for you individually, but will save you money that you can spend on your implementation costs.
Looking for a good individual health insurance plan, remember that you are in control. You can shop around and interview the insurance agents. There are many options available to you, and many companies to choose from.
You also have to read carefully and understand all the details of the health plan offered. When you’re looking at different companies, check with your state office of the insurance commission to see if complaints have been filed against the company. This is a good way for you to determine if a particular insurance company is reliable or not.
You also have to make sure you get disability insurance. These are in case you are injured at work and cannot work. Companies often provide this, so the self-employed must have a plan for themselves.
They work more or less the same as insurance plans. You can choose between the group and insurance plans. Mostly, there’s trade or occupation specific disability insurance programs, where the risk of the entire profession the rates is based on. These usually offer the best deal for the self-employed. When your business starts to take off, and you are hiring employees to work for you, you can take a group insurance plan for them, and also cover you too. This is what small business owners usually do, and to save money.
During my Internet search, I found a website that offers health insurance for independent contractors. The site is called www.mavenlink.com/insurance. This is a software company that has built the first complete line of work environment for independent consultants and small consulting firms, announced that it now offers affordable healthcare options and a range of other essential insurance products exclusively through their website.
You are able to obtain large discounts on the rates of commercial insurance products, such as workers compensation, professional liability, property and accident coverage, essential coverage to many consultants who run their own business. Savings on these non-medical offerings are particularly dramatic, often half of what freelancers have to pay on the open market. What are you waiting for? Visit the site and check their bids.
1 Comment »
Recent Post
Make Money Blueprint
Start earning a great income selling Dental Plans. No insurance license required. Email if interested