How to Avail Health Insurance for Independent Contractors

Those who work for themselves or are self employed in other languages, have hard time managing health insurances. As it is hard to find health insurance for independent contractors under manageable proportions, the affordability of the insurance depends upon huge range of little factors. Few things are the residence of the person in question, the person himself and the terms and conditions of the insurance companies. These things need to be considered along with a whole lot more. Let us go deeper into the topic to understand further about what we are discussing and how we should deal with it.

contractors health insurance

contractors health insurance

In this age where freelancing and other business endeavors are seeing the daylight, more than one third of the population of USA is independent contractors. Majority of the self employed people are freelancers or businessmen. Others are retired or part time workers. But for them the headache remains the same. Finding insurance for independent contractors can be a problem if you don’t know where and how to look. You need to follow few ways (I am discussing top 5) to get a health insurance for you being a self employed person. Without further delay, let us get on with it.

One option for health insurance for independent contractors can be your ex employer's plan for you. Well this works people. Just before your retirement you can count your age and see if your age has hit 65 because, the Medicare guys will take care of your needs like no other company. The company will bear all the major costs of your health care and you will be left worry free to enjoy yourself. Another way is having your partner insured at his/her working place with his/her boss. That should cover up for you too. But it still is less than what your own policy would cover.

There is a consolidated Omnibus Budget Reconciliation Act which states that the employers should offer the employees COBRA. Under which the state will cover up initial 18 months of your health insurance policy along with your dental insurance. The positive side is that you don’t have to worry about things that will pre-exist. The negative side however is that it will be heavy on your pocket. Another alternative is that you should join a professional group of people after retirement. Some of the groups offer health insurance for independent contractors.

Health Care Insurance

Health Care Insurance

 The easiest way to have your share of Health Insurancefor Independent Contractors is to get into a part time job besides carrying your entrepreneurship duties. This way, you can be in a job and earn just enough to pay your premium and avail the perks of an insurance coverage for yourself. The salary of the job will work out just fine when you consider the premium of the insurance package. I have given you five ways to attain Insurance for your health while being self employed. Try to think some ways of your own and let me know.

Health Care Blue Book and Its Utilitiess

Many of us don’t know what “Health Care Blue Book” is. It is a medium through which we can know our medical necessities. It offers great deal of resources to inform us about various aspects of medical health care. We can also deal with the options we have in terms of treatment. It works great in making the consumers understand the Health Insurance factor. This website is greatly helpful in helping the people in terms of finding and using a fair price provider in medical treatments. You will learn to negotiate the bills, learn the state quality etc through the website and the resources it has.

Many of the customers, who want to avail health care insurance, don’t know about the right price. The providers don’t show the prices to the customers when they prepare the billing papers. The price is generally higher than anticipated. Health Care Blue Book is one website which has great tools to help the users to understand the real price of the health care insurance they are availing. Many of the providers add up hidden charges with original charges. Thus the ultimate cost of the insurance rises. But using these tools users now knows the original price of the insurance.

The “Fair Price” Concept of Health Care Blue Book helps people in many ways. Now the consumers may have to pay $1000 more because of the coinsurance rate of 20% - 40% which has greatly increased over the years. The traditional insurance plans make life miserable for the consumers as they are paying the bulk of the cost. Most of the consumers are using their doctors to find out the true price of the health insurance. But with automated software here in the website, people now will be able to calculate the fair price themselves.

Another thing is the insurance provider. Depending upon the insurance provider, the users have to pay three to five times a day. Now this is another reason for which the cost is increasing on the part of the users. Ultimately, they are spending more money than they are supposed to. Health Care Blue Book offers the users resources so that they can know the real cost of the health care services. Thus, they will be able to ditch the current insurance providers and choose the ones who offer the best value and closer to the fair price we are talking about.   

This health care blue book website provides valid information to the consumers and is making an effort to familiarize them with the twists and turns of the health insurance. The website helps people by saving their expenses. The website authorities are working with employees and their employers to promote fair pricing in health care products. They are also working with the providers and the Payors who are at one with the idea of transparent pricing in health insurance. The website simply connects all the seekers of fair price with the providers and the payors to ensure a safe yet efficient health insurance network.

Liability Insurance

Have you ever wondered what liability insuranceis? If yes, here you will see its meaning and you can also learn some more things about it that you need to know especially if you are a contractor.
            The liability insurance is a type of insurance policy that is mainly used as a safeguard to protect against liability caused by injury and other damages. It is mainly used to cover liability causes in the construction field. It usually covers a range of issues that can appear due to accidents or negligence, as well as oversight. Each contractor should choose the liability insurance depending on the type of work performed. There are also other considerations that a contractor needs to take into account when choosing the appropriate liability insurance. The liability insurance is often made to protect the operators and owners of certain companies from any possible claims that would include any of the following:
-          Contractual liability
-          Liability from accidents
-          Products made by the insured
-          Liability caused by a worker employed by the contractor
In most cases, the liability insurance is not optional for a contractor, but it is necessary in order that the project can start. For most projects, the contractors need to provide an original certificate of the liability insurance in order to be able to start the project.
            There are four general types of liabilityinsurance for contractors and each of them covers a certain aspect of business needed:
-          Primary General Liability – this one covers a wide variety of contractors, including residential homebuilders, road builders, pipeline and power construction
-          Lead Umbrella Liability – which covers excess liability for the lead contractor that needs to hire subcontractors or other professionals to help with the project
-          Owners Interest – this one provides the primary general liability for the owner of any land where is being performed a construction project
-          Primary General Liability – which provides coverage for project-specific and also rolling coverage in case the general contractor has multiple ongoing projects at the same time
In what regards the liability insurance, the costs are calculated depending on the type of liability chosen by the contractor.
Besides the liability insurance, you would also like to opt for vision insurance. You can find out vision insurance information when you talk to the provider of your liability insurance, for example. But whatever you choose, always be careful about the vision insurance quotes. As a contractor, it is your responsibility to choose the most suited insurance types and also it is your responsibility to pay for the insurance of your choice. So always take into consideration the benefits of your chosen insurance, as well as its costs and its conditions.