It seems like we are saturated with negative stories about health insurance - stories about rising premiums, the denial of claims and preexisting conditions, the dwindling dollar-value of employer contributions, and the difficulty and irritation involved with shopping for plans. Well, we have good news. This is not that kind of story. Instead, we are celebrating the innovative and positive things that are happening in the wonderful world of health insurance, specifically with regard to the fastest-growing segment of the American workforce: freelancers. After you read about the changes that are afoot, we hope you’ll agree with us that buying health insurance is an act that can bring you peace of mind instead of nightmare fuel.
Finding affordable, quality health insurance coverage can be challenging when you are a freelancer or considering transitioning from traditional employment to being self-employed. Employer-sponsored plans are not an option, and individual plans often seem expensive when you aren’t sure how to shop for them. The good news is that buying health insurance doesn’t need to be difficult. And it doesn’t need to be cost-prohibitive.
If you’re a contractor or follow business news, you’ve likely heard of AB5: the California law that classified millions of California independent contractors as employees. Gig tech giants Uber, Lyft, DoorDash, Postmates, and Instacart, have spent over $100 million to fund Proposition 22, hoping voters this November will exempt app-based drivers from AB5. On August 20, 2020, Lyft announced it was suspending service in California and Uber was threatening to do the same. Hours later, the courts granted them a temporary reprieve. States across the nation are watching how this ballot measure may decide the fate of the gig economy. Here is everything you need to know: