Wednesday 27 August 2014
Daniel Gootner : Helpful Tips To Find Profitable Insurance Coverage As Independent Business Owner
Millions of people work independently as contractors or service
providers. Where independent business derives many advantages to
person, one thing that he need to take care of is his insurance. The
independent workers are responsible for their own health insurance
and they need to invest by themselves to keep their health covered.
Many of workers are been misguided or don’t even bother to know the
right type of insurance they need. Because of their negligence, they
have to face some unexpected situations in near future. To help those
creative minds in selecting an appropriate health insurance, below
are some tips from Daniel Gootner, an insurance expert –
- The first thing you need to know is how your business influences your eligibility. According to an analysis done by US Labor department, over 30% of small business owners classify them wrongly, either accidently or intentionally.
- Ensure that you are an independent contractor or business owner, not an employee – Autonomy and control are the two primary differences between an employee and contractor. If you have to report to some office every day after completion of contract or receive specific assignments, then you are an employee. On the other hand, if you don’t have to report anyone for your daily business activities, then you are a contractor or business owner.
- Always report, if you come to know that you are wrongly classified. Otherwise, you have to face denial situation whenever you apply for group insurance coverage.
- In case you are married, then try to get your spouse health insurance. Mostly, the spouse insurances are much cheaper than single insurance plans.
- If you have a good health and no disease is diagnosed in your health verification tests, then consider going for a highly deductible individual health insurance plan. It covers the most essential health care insurance, which reduces the premium cost.
- Many organizations of different sizes offer discounts on insurance plans to their members, so look forward to become a member of such organizations profitable group deals.
- Health status rarely matters when employer insures a person. So consider taking a guaranteed health insurance, if you have a pre-existing condition.
- Never forget to compare the plans offered by different insurance organizations.
- Get help from insurance experts like Daniel Gootner, who can suggest you with efficient insurance policies.
Keep all these points in your mind to get a profitable insurance
coverage as an independent contractor or business owner.
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