The how people make life changes. In part because of a stagnant economy is slow recovery, and partly because the employment expectations are changing, especially among the millennial generation. No longer are all 9-5 workers to a single employer. Many people work on a contract basis, they work part-time or temporary placement for staffing agencies.
What does this mean? 
If this type of work situation is what is a trend, not that people need individual health insurance ?
The answer is yes. The Affordable Care Act has implemented a mandate to all adult individuals they get health insurance.
Although some people do not have a full time job that offers health plan of the group, they still need to acquire health insurance individual . In addition, financial planning considerations are very different for self-employed or as individual employees.
Health insurance, pensions, taxes, budgeting and economy are some of the key issues to be taken in consideration. Independent workers are forced to take more responsibility for these things.
Individual Health Insurance
For individual health insurance, the obvious answer is to buy through the markets. The ACA has extended subsidized coverage to millions of Americans who do not get through the workplace. And the fact that people can now buy their own individual health insurance is great news for many. This type of coverage is portable and customizable and do not cut yourself when you lose your job. Many small businesses, especially those with of less than 50 full-time employees might try to keep their heads countdown (companies with more than 50 penalties faced if they not provide insurance), giving people another reason to take insurance in their own hands.
other types of coverage that self-employed should consider is life insurance, disability insurance, and retirement planning. Employees permanent jobs often have access to a plane (k) 401 and sometimes even a pension (although pensions are less common these days). The self-employed are not always the luxury of these benefits, particularly pensions. However, they can build their own plans using IRAs, SEP-IRAs, individual 401 (k) plans and other programs designed for freelancers and sole proprietors.
how it's done
Workers who do not participate in a pension plan sponsored by the employee can establish a traditional IRA for example, without face income eligibility limits. IRA, SEP-IRA, and other programs are usually flexible in terms of contributions, which means that you can reduce the amount you invest in lean years. 1099 employees are not eligible for rebates tax-free through health reimbursement arrangements, however, they could be offered to profit and pay taxes on the reimbursement. In addition, an employer could use a taxable allowance.
Although some freelance jobs pay very well, lack of a permanent employer means that people working on their own should have a cash cushion in place to guard against the downturns and other risks. Ronjon Bhattacharya , which owns a recruitment firm in Phoenix, said he likes to keep a buffer $ 50,000 "just in case I lose all my customers."
Conclusion
Regardless of how it is done, independent or part-time workers have the possibility and the need to take more responsibility for their personal health, retirement planning, and other types of insurance. It is wise to keep to anticipate what your individual benefits cost, and begin to develop your own benefits. There is more work to do to determine where to set up your accounts and how to save your paychecks, but minimizing the risk is worth it.
What are your thoughts on individual health insurance? Share with us below.
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