Consultant: (n), 1. a person with a profession or professional degree who is displaced in his employment for a long period of time, and calls himself a consultant so as to have a “job” while actually freelancing and stitching together everything from mowing lawns to engaging in his profession. 2. A person who, after the age of 45, is uninsurable for his health
It’s been so long that I’ve been without employer paid health insurance, I can’t really remember what it was like.
A man without health insurance. Up a creek without a paddle, as my dad used to say.
Living in Texas, I have been fortunate to have access to a state administered health insurance pool, the “Risk Pool”, which covers regardless of health history. Unfortunately, the Texas Risk Pool charges a bleeding fortune, requires a hard $5000 out of pocket BEFORE anything is paid, and has a one year exclusion for pre-existing conditions and their consequent complications.
So, $6,000 in premium, $5,000 out of pocket and then pay that for a year BEFORE what ails you is covered.
Let’s not say I rushed right out.
However, the vilified “Obamacare” has already yielded a remarkable change - I can get insurance through the NEW risk pool!
How it works is very straight forward. The Bellingham Herald newspaper has a great synopsis. I’ll let them speak about it here.
Basically, you need three things:
- Live in one of the listed states and be a US Citizen
- Have been denied coverage in the previous six months because of your health history. You must have a copy of your denial letter, or exclusion letter
- Have been without insurance for the previous six months
If you have incorporated your self-employment business, or have a small business without health coverage - you should remember that there is a tax credit that will offset your premium payments for health insurance!