What’s your favorite part of being a freelancer?
For sure, freelancing has many perks. The lack of any kind of insurance through work isn’t one of them. As freelancers, we need to shop, pay for, and negotiate our own healthcare, life, and liability coverage. Here are the top 5 things you need to know about insurance for freelancers.
1. Get Insurance Through The Freelancer’s Union
Are you a member of the freelancers’ union?
Even if you’d rather be a lone wolf and you don’t like unions, this one might be worth joining.
With an increase in outsourced work and an uptick in technology that makes working from a home office possible, self-employment is on the rise. As the number of independent contractors increases, unions and associations are established to help defray the high cost of some living expenses such as healthcare.
The freelancers’ union offers a link to other benefits such as legal representation, but its main benefit is an attractive array of freelance health insurance options. From dental insurance to standard preventive health care coverage, the Freelancers’ Union can be your gateway to affordable care.
It’s important to note that the union itself is not a licensed insurer. It’s just an organization that partner’s up with providers to offer deals to those who are self-employed.
2. Health Insurance Is Mandatory
Did you know that since the Affordable Care Act was signed into law in 2009, healthcare coverage is mandatory?
Of course, you may think that you don’t require preventive health care; you’re never sick a day in your life and you don’t like doctors. But you might like an annual physical exam much more than you’d like an annual tax fine for not choosing a healthcare insurance plan.
Though there are exemptions and loopholes you can try to take advantage of, the law still allows for a tax fine if you are uninsured.
For sure, freelancing has many perks. The lack of any kind of insurance through work isn’t one of them. As freelancers, we need to shop, pay for, and negotiate our own healthcare, life, and liability coverage. Here are the top 5 things you need to know about insurance for freelancers.
1. Get Insurance Through The Freelancer’s Union
Are you a member of the freelancers’ union?
Even if you’d rather be a lone wolf and you don’t like unions, this one might be worth joining.
With an increase in outsourced work and an uptick in technology that makes working from a home office possible, self-employment is on the rise. As the number of independent contractors increases, unions and associations are established to help defray the high cost of some living expenses such as healthcare.
The freelancers’ union offers a link to other benefits such as legal representation, but its main benefit is an attractive array of freelance health insurance options. From dental insurance to standard preventive health care coverage, the Freelancers’ Union can be your gateway to affordable care.
It’s important to note that the union itself is not a licensed insurer. It’s just an organization that partner’s up with providers to offer deals to those who are self-employed.
2. Health Insurance Is Mandatory
Did you know that since the Affordable Care Act was signed into law in 2009, healthcare coverage is mandatory?
Of course, you may think that you don’t require preventive health care; you’re never sick a day in your life and you don’t like doctors. But you might like an annual physical exam much more than you’d like an annual tax fine for not choosing a healthcare insurance plan.
Though there are exemptions and loopholes you can try to take advantage of, the law still allows for a tax fine if you are uninsured.
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