Search Results for: Health insurance

How to Get Cheap Health Insurance for Self Employed Moms

health insurance for self employedNo one can dispute that health insurance is important, especially in a country with healthcare costs that are so high. 45.7% of companies provide health insurance for their employees.

But what do you do if you’re self-employed? 31% of self-employed people with no employees have no insurance. How can you avoid being part of this statistic without breaking the bank?

Read on to find out more about health insurance for self-employed people!

Understand What’s Available in Terms of Health Insurance for Self Employed

Healthy insurance may feel like a must, but there are many options to choose from in the kind of insurance you can get.

Federal or State

Under the Affordable Care Act, states must either run their own insurance marketplace or use the federal one.

On these marketplaces, you’ll find private companies selling government-vetted policies that offer a variety of coverage amounts.

Healthcare Sharing Ministry

If government-run exchanges aren’t your thing, you can still find reasonable health insurance for self employed people.

With healthcare sharing ministries, your monthly premium contributes to not only your healthcare but other members of your same group.

This is a great way to cut costs, though, as with everything, research is needed to ensure you’re getting the right coverage for you and your family’s needs.

Health Savings Account

A Health Savings Account, or HSA, is great if you’re looking for a lot of control over your health funds.

An HSA is a high-deductible health plan. Essentially, you put all the money you want into a special account, and then, as long as you spend it on medical expenses that meet the qualifications, you pay no tax or penalty on the money withdrawal.

And, the best part, the money is still yours! So if you need it for a non-medical emergency, you can take it out (keeping in mind possible taxes and penalties), and use it!

Price Comparison: Your Ticket to Savings

Competition is the true beauty of the marketplace. Compare health insurance prices to ensure you’re getting the best deal possible.

Look for Savings

Health insurance can be expensive, but it doesn’t have to be excessive. Look for ways like these to decrease your costs.

Choose the Degree of Coverage

Less coverage means more savings. The ACA offers a “metal” rating system so you can choose a coverage plan that’s right for you. Platinum covers 90% of your out-of-pocket costs, Gold 80%, Silver 70%, and Bronze 60%.

Check for Subsidies

Depending on your income (less than 400% the poverty level), you may qualify for significant savings if you buy through the state marketplace.

You may also get a tax break from your health insurance simply for being self-employed on line 29 of form 1040 if your self-employed income is less than enough to cover to premium.

To do this, report your profits on Schedule C, then deduct the premiums until your Schedule C is equal to zero. Then report the leftover premium costs as an itemized deduction on Schedule A.

This may or may not work, but it’s worth a try to save money on health insurance for self employed!

Looking for a way to bring in some extra cash to offset insurance costs? Check out easy ways to make money here.

Curious about more ways to save money or improve your self-employed mom life? Feel free to contact this blog!

How to Save Money on Independent Health Insurance

Independent Health Insurance Saving money on independent health insurance can change your life for the better, especially when it saves you money! Although the hunt for a cost-saving plan can be a tiring one, it is well worth the energy.

Whether it’s a covered Fresno resident or an LA native, finding the right independent health insurance plan doesn’t always mean it has to be the most expensive.

There are a number of ways to save money on independent health insurance. Here are some of the most effective:

Do the Research

Don’t just settle for Google searches or chat forums. It’s so important to talk to friends, relatives and trusted third parties. Listen to their experiences and gain insight that will benefit your search for the best plan.

There is no better resource for finding the right independent health insurance than people in your network who may require the same care you do.

If you have a good relationship with your primary care physician, don’t hesitate to take the conversation into their office. Receptionists, nurses, and doctors are all people, too. And, they might have insider tips to help you save more money!

Shop Around

Go a step further by chatting up insurance agents from different companies. Keep notes about each provider, and be prepared to compare differences in coverage and cost.

If coverage from one provider is the same as another but has a bigger price tag, talk about it! Ask questions, and see if there are other options that can match or reduce the cost you’re looking at.

Keep notes about each provider, and be prepared to compare differences in coverage and cost.

If coverage from one provider is the same as another but has a bigger price tag, talk about it! Ask questions, and see if there are other options that can match or reduce the cost you’re looking at.

Cut Costs Even More

Using these tips, you can save beyond the price of independent health insurance.

Non-insurance options

These types of discounted plans can be offered by banks to customers or unions and nonprofits to their members. Contact a representative to find out what the qualifications are.

Find a local dental program

Schools and dental academies are always looking for patients to practice on. And don’t worry, everything is supervised by professional educators. The cost of these services is extremely low, and the quality of the service can sometimes be better than a regular dentist office.

Visit clinics instead of the ER

Trips to the emergency room can rack up a lot of money. Unless the situation is an actual emergency (if it is, go to the emergency room!), opt for an urgent care clinic instead.

Use free screening services

Use the state website to find low-cost or free preventative screening services. Find out the ones closest to you here.

Keep tabs on medical bills

Sometimes the administrative personnel at hospitals or doctors can make mistakes. Watch bank account statements to ensure that you are not overcharged for visits and services.

Mix it up

If someone doesn’t need medical, dental, and vision insurance, weigh different options. Maybe medical and vision are crucial, but dental work will be sufficient with dental school visits. There are always options. Weigh them, and pick the best combination for the lowest cost.

One of the key takeaways is to always ask questions. Ask insurance agents any and everything that comes to mind.

After all, the more someone knows, the more they can save!

Check out more beneficial tips here at our blog!

Protect Your Health with Insurance

The cost of living is on the rise which includes insurance costs. We are very fortunate to have a great plan at my husband’s job. The cost of medical care is even more expensive, without any kind of health insurance. It only takes one medical emergency to wipe out a savings. If you live in North Carolina then check out NC health insurance.

How To Save Money On Health Care When You’re Uninsured

Have you recently found yourself without health insurance? You’re not alone: 11.7% of Americans are currently without health care insurance.

And that number is growing, up from a low of 10.9% in 2016.

Why?

Rising premiums can make health insurance out of reach for many, and some people prefer to take the penalty rather than pay for expensive insurance they rarely use.

Even those with insurance sometimes go without health care. 25% of Americans say that either they or someone in their home has gone without medical care because it’s too expensive.

But health care is so important. What can you do if you’re insured but find yourself in need of care? Read on for four money-saving tips.

1. Find a Direct Primary Care Provider

Even without insurance, you don’t have to go without basic health care! Direct primary care providers (also sometimes cash-only providers) are a great option. They provide both primary and preventative care for cash–some don’t even accept insurance!

Some cash-only clinics are run like urgent care clinics, where you pay a set fee per visit. Others offer a sort of subscription plan, where you pay a monthly fee (usually less than $50) and can receive an unlimited amount of primary/preventative care.

2. Use Urgent Care Clinics

If you need to be seen immediately (assuming it’s not an emergency), and you can’t get in with a primary care provider, look for urgent care clinics in your area. There are likely several to choose from.

An urgent care clinic is most certainly going to be cheaper and faster than an emergency room, but they have a lot of the same equipment available for screening and testing.

3. Don’t be Afraid to Price Shop

This tip may seem strange or intimidating if you are used to having insurance. With health insurance, you rarely ask about costs since you know what your out-of-pocket payments are.

When you’re uninsured, however, you shouldn’t be afraid to ask about costs ahead of time. Call around and ask for prices from multiple providers.

And don’t beat around the bush: Let them know you are insured. For example, if you’re looking to get a vasectomy, call several clinics and simply ask “How much does a vasectomy cost without insurance?”

4. Negotiate Your Bills

If you do end up in the emergency room or hospital, and you weren’t able to use the above tips, don’t despair. You can negotiate your medical bills after you receive them. Insurance companies do it all the time!

Many hospitals and doctors will provide a discount to patients who pay in cash. And even if they don’t, or if the total is too high for you to pay all at once, you can often still negotiate your bill down and set up a reasonable payment plan.

Saving Money on Health Care Is Not the Only Way

Now that you’ve got the scoop on how to save money on care while uninsured, you may be wondering what else you can do to keep dollars in your pocket while protecting your health.

One of the absolute best ways to maintain your health (along with your wealth) is to be proactive about it! That means having a healthy lifestyle, which includes maintaining a good diet and getting plenty of exercise.

If you’d like more information on staying healthy and wealthy, check out our health and fitness blog for more tips and ideas.

A Mother’s Guide to Family Life Insurance

Have you been putting off family life insurance? You might be waiting for the end of the year to buy the right insurance product, but you don’t want to be left scrambling. This is a decision that takes time and careful research.

An insurance product is a long-term commitment that can help you achieve financial goals and take care of your loved ones if you’re not around. It might sound intimidating, but buying family life insurance doesn’t have to be complicated. Here’s your complete guide to buying an insurance product that covers your whole family.

Insurance for the Whole Family

You might be wondering why you need life insurance, even for your young children. While it may be true that life insurance is meant to cover a working adult’s loss of income, there are still many reasons why you should have a life insurance policy for your children.

1. They’ll Always Be Insured

No matter what may happen with your children’s health, they will always be covered by a life insurance policy. You must verify this with your insurance company. Get it in writing that your child will never be denied life insurance no matter what may arise in his life.

2. It Builds Value

Your child’s whole life insurance policy can earn a nice cash value. By the time your child is 18, he could use the cash for big life changes like paying for college or buying a car.

Be sure to ask your insurance policy company if there are any penalties associated with withdrawing from the fund before a certain age. This wouldn’t be the primary reason for buying life insurance for your children, but it can be a nice perk.

3. You’ll Lock In the Rate

If you buy family life insurance for your kids now, you’ll have locked in the rate for the entire life of the policy. This means the premium will never change for as long as your child has the insurance policy. You can purchase something that fits your family’s budget now and will work for your child’s budget in the future.

Again, verify this with your insurance company and get it in writing.

4. Small Policies Are Affordable

You won’t need a large policy for your child’s life insurance. A good starting point for children is anywhere between $5,000 to $15,000. Low policy amounts can cost you about $5 to $15 a month. Your insurance discount for children can often justify the price.

Stay-At-Home Moms Need Life Insurance Too

Stay-at-home moms often overlook their need for life insurance, but the reality is that they also offer a valuable contribution to the family that should be covered.

Many stay-at-home moms work some kind of job, whether they make crafts, have an Etsy shop or sell products. Every amount of income counts toward your family’s expenses, but unfortunately, these types of freelance jobs don’t typically offer life insurance.

How to Choose a Family Life Insurance Plan

Having a life insurance plan can help you save taxes under Section 80 C of the Income Tax Act. As a mother, you want to get an insurance product that covers you, your spouse, and your children. Here’s how you make an informed decision.

Pick a Term Plan for You and Your Spouse

Since you and your spouse have dependents, you should choose a term plan for your family life insurance. A term plan has no investment benefit. You simply pay a lump sum at the time of the insured’s death.

Term plans are great because they’re inexpensive. You won’t need to invest in insurance plans for the two of you. Instead, you’ll have more funds to invest in mutual funds or equity.

Choosing Sum Assured

If you’re a young family, make sure your life insurance plan covers long-term finances of your dependents.

In your 20s and 30s, you and your spouse still have three or four decades left of a working life. Your kids will have college, you’ll buy a home, you’ll have your child’s wedding to think about, and, of course, your own retirement. Should your primary breadwinner pass away early, you want your life insurance coverage to be large enough to fund these life milestones.

Look for a plan that covers you through 20 to 30 years. Term plans again are a great way to go, because you can get them at a low premium cost.

Go For a Long Tenure

A young couple should opt for a long tenure. You want something to cover you until your children become financially independent, and it may be some time before that happens.

Calculate how much time you have left until your child is about in their mid-20s, when they may be expected to become financially independent. Choose a term plan that will cover your family for that amount of time.

Joint Cover

If you and your spouse are both contributing together toward your financial goals, consider a joint life cover. If something happened to one of you, it would affect the achievement of your financial goals. A joint life cover pays out the sum that would be assured on the demise of either of you.

Additionally, premiums for a joint life plan are quite lower than they are for individual plans.

Choose the Right Riders

Think carefully about choosing riders and add-ons for your family life insurance. Pick riders that are relevant to your needs.

For example, if you’re a stay-at-home mom, you might look into a monthly income rider. This type of rider can supplement the basic sum assured. It pays a monthly income to your nominees for a fixed amount of time.

Do Your Research

When purchasing family life insurance, make a well-researched, informed decision. Investigate the life insurance policy thoroughly and verify everything in writing.

You’ll notice that policies vary widely with each company so be sure to ask plenty of questions. Doing the work now ensures that you, your spouse, and your children will get the most out of your family life insurance policy.

For more tips on being a thrifty momma and saving your family money, check out our Frugal Living page!

How to Find Affordable Women’s Health Services in Your Area

Staying healthy can be a mission, particularly in the rush of today’s modern world.

Tips and tricks are essential strategies for better health and wellbeing, but sometimes you need access to professional women’s health services. But how do you find them? More importantly, how do you find health services you can afford?

Here are a few ways you can find and access affordable health services.

Community Health Centers

If you don’t qualify for Medicaid coverage and can’t afford a health plan you can access women’s health services through your local community health center. They’re low-cost and how much you actually pay will depend on your income.

Community health centers are in both rural and urban areas. They offer many services including prenatal care, baby shots, and referrals for specialized care.

High School Wellness Centers

Many high schools have wellness centers that provide basic health services. If you’re a student at a school with a wellness center, you can access these services free of charge.

Wellness centers are different from school to school, but most provide the following:

  • Treatment for when you’re sick
  • Simple lab tests for diagnosing potential health problems
  • Preventive care including routine checkups and sports physicals
  • Immunizations
  • Mental health services
  • Substance abuse care and prevention
  • Sexual health care and education
  • General health education

Not all schools provide all these services. It’s important you check what services your school provides. Most schools will have a list on their website or a brochure available.

Most wellness centers need you to have parental consent to use their services. This will likely involve having a parent or guardian sign a general form. The form won’t give details on what kinds of services you’re accessing. That said it’s still a good idea to ask staff about confidentiality if you don’t want a parent or guardian to know why you’re accessing a wellness center.

College Student Health Centers

Many colleges offer a low-cost insurance plan. You simply sign up as you register as a student. This insurance will let you access the on-campus college student health centers.

Family Planning Clinics

Family Planning Clinics are a staple of women’s health care for a reason. They provide many women’s health services including:

  • Pregnancy testing
  • Ultrasound exams
  • STI testing
  • Birth control services

Most major cities have at least a couple of birth control clinic locations. The Office of Population affairs provides a free tool for locating a clinic in your area.

Free and Low-Cost Clinics and Health Centers

There are many free or low-cost health clinics around the U.S. The trick is finding them.

Sites like freeclinics.com let you search for free and low-cost clinics in your area. Most low-cost clinics will be income-based, meaning you’ll be charged depending on your income. While finding women’s health services specifically can take a bit of digging, it’s possible to significantly narrow down the clinics in your area by price.

Affordable Women’s Health Services Isn’t a Pipe Dream

We live in a tumultuous time for women’s reproductive rights. But accessing affordable health care is still possible. Using the above services will ensure you stay happy and healthy. Which means you’ll be able to give your best to your career and family.

Looking for ways to improve your health at home? Read about why diet and exercise are the keys to a healthy life.

How to Find Great and Affordable Auto Insurance

affordable insuranceIs your auto insurance policy carving a hefty chunk out of your paycheck?

If so, you’re not alone. The average American pays $1,325 every year for auto insurance. And in some states, like Maine, the average premiums are as high as $2,738 a year!

Finding affordable insurance can be a challenge, but it’s not impossible.

In this post, we’ll reveal our 11 best tips for finding affordable insurance.

1. Always Compare Rates

The surest way to pay more than necessary is to assume you know which insurance company has the best rates.

When’s the last time you compared your current policy with other companies? Have you ever compared insurance rates?

If not, it’s time to do some research. For example, autoinsuranceez.com research on Chicago premiums shows statewide coverage requirements as well as average premiums by zip code.

2. Consider Regional Insurers

You’re probably familiar with the major insurance companies like Allstate, Progressive, and Geico. To be sure, these companies may offer competitive rates for your area.

If you’re still struggling to find affordable insurance, you may want to consider local or regional insurers instead.

These smaller companies usually boast high customer satisfaction rates and low insurance rates.

3. Ask for Discounts

If you don’t ask, you’ll never know. You may have some discounts available to you that you weren’t aware of.

These may include:

  • Insuring multiple vehicles under the same policy
  • Having a clean driving record (no accidents)
  • Paying annually or semi-annually rather than monthly
  • Going paperless (receiving all documents electronically)
  • Installing anti-theft or other vehicle safety features
  • Belonging to a particular organization or group

Ask a few questions, and you might be surprised at the discounts available to you.

4. Improve Your Credit Score

Insurance companies place huge importance on your credit score. The lower your credit score, the better your chance of securing an affordable insurance rate.

How much does your credit score matter?

One study found that drivers with poor credit paid an average of $690 more each year than drivers with good credit. So if you want to lower your premiums, pay your bills on time and work hard to improve your credit.

As a side note, there are three states that do not consider credit rating for insurance premiums. These states are California, Hawaii, and Massachusetts.

5. Try Raising Your Deductible

Your deductible is the money you’re required to pay first after an accident. Once you’ve met your deductible, your insurer will cover the remaining costs of your claim.

The amount of your deductible is one of the biggest factors that determine your insurance premiums. The higher the deductible, the lower your monthly rate will be.

Many drivers don’t know this, but agents will allow you to raise your deductible to lower your monthly payments. This is especially helpful if you have a clean driving record since you’ll likely never need to pay the deductible.

6. Embrace Your Age

What’s the first thing we all dreamed of when we turned 16? Getting our driver’s license, of course!

Unfortunately, driving is quite the luxury for most teenagers. The average 16-year-old pays a whopping $8,226 a year for auto insurance.

The good news is these rates drop significantly the older we get. 25 seems to be a magic number for more affordable insurance. Rates typically stay low until we reach 55 or 60.

7. Change Your Vehicle

Did you know that the type of car you drive has a direct impact on your insurance premium?

It’s true. The newer the car, the higher the cost to repair or replace it. You’ll also need full insurance coverage until you pay the car off.

Insurance premiums are also higher on certain types of cars, like sports cars or luxury vehicles. If you’re struggling to find affordable insurance, consider trading your current car for one with lower rates.

8. Bundle Your Policies

Besides your health insurance, how many other insurance companies do you use?

Many of us have a different policy for our cars, our house, and our recreational vehicles. It’s worth looking into the possibility of bundling all these separate insurance plans into one policy.

This means you’ll only have to work with one insurance agent every year. More importantly, you may also save money on all your insurance premiums.

9. Limit Coverage on Older Cars

It’s easy to opt for full coverage on all our vehicles, figuring it’s the safest way to go.

If your car is older, though, you may not need collision or comprehensive coverage. These are designed to cover the cost of your car in the event of an accident, theft, or vandalism.

For older cars, though, the premiums may end costing more than the car is worth. And since maximum payment is limited by the value of the car, you may not end up getting much, anyway.

10. Consider Storage Insurance

Is one of your cars a seasonal vehicle? You may not need to insure it year-round if you only drive it for part of the year.

If you put your vehicle in storage for any length of time, consider switching your premium to storage-only insurance.

You won’t be able to drive the car under the coverage, but it will definitely make for a more affordable insurance policy.

11. Vehicle Safety Features

Your insurance agent will consider many different features of your car to determine your monthly premium.

The technology in newer cars makes them safer to drive than older vehicles. You can lower your premiums by having current safety features professionally installed in an older vehicle.

Another solution? Purchase a newer car that already includes these features.

Automatic seatbelts and rear airbags are two major features that can lower your auto insurance. You might also consider installing a car alarm, especially if you live in an area with high crime rates.

Final Thoughts on Affordable Insurance

It might take some time and effort to find affordable insurance, but the results are worth it. You can use the money you save to do something fun with your family instead.

We like the sounds of that much better than continuing to pay those high insurance premiums.

Be sure to check out our latest frugal living posts for more great money-saving tips!