Getting insurance coverage as a 1099 employee
A 1099 employee is someone who works as an independent contractor or freelancer and who is paid more than $600 per year for his or her services. A 1099 employee is not subject to withholding tax, but must make quarterly estimated tax payments to the IRS. Because they work for themselves, 1099 employees are not covered by the insurance companies of the business to which they provide their services. If you’re a freelancer, finding good, affordable health insurance can be a formidable task. There are a lot of factors to consider — your age, where you live, and the type of policy for your specific situation.
The good news is that residents of California have more insurance options to choose from now that the Affordable Care Act (ACA) is in place. You can purchase medical and dental insurance through the insurance marketplace which offers a variety of insurance plans and coverage to meet your individual needs. Another option is to select a private insurance carrier to provide coverage.
A good place to start is to engage the services of an independent insurance broker such as Daniel Fraisse. With over 30 years of experience in the insurance business, Dan Fraisse has developed the expertise and knowledge needed to navigate the in and outs of the health insurance marketplace. Over the years, Dan has worked with numerous insurance companies and is conversant in the different types of plans that they offer.
Do you have all the protection you need?
The most important thing to consider when deciding upon health insurance if you’re a private contractor is will that plan provide you with all the coverage that you need. What medical expenses will be covered? How about emergencies — are you covered for them and what percentage? Does your plan include dental and, if so, what procedures are covered?
Start by talking to a licensed independent insurance broker who is familiar with the details on plans, coverage and how to apply. Daniel Fraisse has a great reputation as one of the best insurance brokers in the in L.A. area. He’ll do all the “shopping” and paperwork, saving you valuable time and money. The result — a policy that’s tailored to your specific needs and situation. As an independent broker, Dan works for you, not the insurance companies.
Schedule an appointment
Whether you’re working from home or have a private office, if you are a 1099 employee, contact Southern California insurance broker, Daniel Fraisse. Dan can provide you with information and quotes for California health insurance plans for freelancers. Before he recommends a policy for you, he will take into consideration out of pocket expenses, deductibles, copayments, and monthly premiums. Do you need an HMO, PPO, or HSA plan? If you’re 65 or older, you may want to choose Medicare as your provider.
Whatever your situation, Dan Fraisse can find you the best deal on the market. Call today to schedule an appointment or visit his website to get a free quote.