We live in an age of entrepreneurial innovation. Professionals are passing on corporate life and becoming their own bosses. Today, freelancers, the self-employed and contract workers account for 30% of the national workforce, and that number is expected to increase to 40% by 2020.
But working outside the box means we have to account for all the details, including taxi insurance from one sure if you’re a self-employed taxi driver, and dental benefits. Whether you freelance with travel photography or own your own business, take these three steps when considering coverage:
1. Evaluate your needs
Will your family experience a dynamic change? Do you have a health condition that may require more dental attention? Factor in every scenario to choose the best coverage for your lifestyle.
Remember: even if you have never had a cavity, dental coverage is always a good idea.
2. Consider all costs
When you’re self-employed, dental coverage affects your bottom line. Research your benefits provider’s costs:
How much does it cost per month?
Is there a deductible?
What’s the waiting period?
Remember: In the long run, paying out-of-pocket could end up costing you more than having coverage in the first place.
3. Research alternatives
If you work an alternative style—you may need a plan to match. Here are some alternative options for coverage:
Savings Accounts – Medical Savings Accounts, Health Savings Accounts and Flexible Spending Accounts are good options to help save up for dental or health care. They work like a savings account for dental and health expenses.
Government Assistance – Depending on your circumstance, you could qualify for certain low-cost programs.
Have questions? Tweet your questions to @DeltaDentalAZ.