What To Know Before Buying Insurance As A Gig Worker
Gig workers, freelancers, and other independent contractors face one common issue. That issue is getting the right health insurance. As an independent worker, you are essentially a small business owner. This means insurance is one of the many things you have to obtain on your own. Finding the right health insurance can be confusing if you are not sure what to know before you buy. Here are some of the key points to keep in mind.
Deductible Amounts
One of the first things you need to check is the deductible amount. Check the deductible amount to determine if it is something reasonable for your physical needs throughout the year. For example, you may find a very high deductible alongside an affordable premium. The key to keep in mind is that you must pay your deductible before your insurance coverage begins to be used. An example of this is if you have to visit the hospital. If your deductible is $500, then you must pay that amount before the percentage of the service is covered by your insurance.
Premium Amounts
Your premium is the amount you will pay each month in order to keep your health insurance coverage active. This price can vary depending on several factors. The premium is determined by the types of services and the coverage amounts of those services. The more coverage you have, the higher the premium will likely be. This premium does not cover your deductible. The two are separate amounts. This means if you are paying $300 a month for a family insurance coverage plan and your deductible is $500, you will still have to pay that deductible even if you have been paying the premium for several months.
Dental and Vision
You will notice as you begin looking for the right insurance coverage, that you can have extra services. These services can include two popular options, dental and vision. These additions will add to your premium amounts. Dental and vision packages usually are available as standard packages. This means they may have a few options, however, they are generally standard coverage covering the basic necessities of the type of care you receive.
When you are ready to choose and purchase your health insurance plan, contact a health insurance broker in your area. They can explain any portion of the insurance or process to you. They can also answer other questions you may have about coverage amounts and specific coverages you may want. If there are any specific prescriptions or services you need, make sure to discuss those with the insurance broker. They can ensure you have the right coverage to cover those items and services.
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