Work

How Do I Get Insurance if My Employer Does Not Offer it?

For employees who work at a company, where health insurance is not offered as a benefit, there are still ways to purchase private health insurance for you and your family. First off, deciding on the level of coverage you need, depending on the health you are in, any risks you may have (due to family history of illness), and the overall health that the members of your family are in, will help you determine the level of coverage you need. The next thing to consider is looking for the right health insurance companies. There are both nationwide coverage policies, as well as small local family owned health insurance companies. So, choosing the policies, getting quotes, and seeing what levels of coverage each offers, depending on the level of coverage you are seeking, will help you determine which company to go with.

You also have to consider the coverage, what doctors are covered, what hospitals are covered, medications, prescriptions, and all other aspects related to the health insurance policy, when you are choosing a plan. For the most part, smaller companies might be a bit cheaper, but they do not cover the large network of doctors, nor do they offer discounts on medication. So, it may pay off for you to consider a larger, nationwide company, that does cover all doctors, in order for you to have the coverage you need, and still save. Also, when looking at the co pay, it might be beneficial for you to pay a higher co pay, when you do go in to the doctor, in order to find a cheaper policy for your insurance package. Another thing to consider is working with the right health insurance agent. The larger, nationwide companies, are usually going to offer you an agent to help you choose a policy. This will ensure that you are going to get the coverage you need, for the lowest price to you on a monthly basis.

It is possible to find an affordable health insurance policy, for you and your family, even if your employer does not offer coverage. The more willing a purchaser is to do the research, to contact insurance companies, and to take the time to compare rates, the more likely it is that they are going to find that affordable coverage. So, even though it might not be as cheap as if you purchased from a group plan with your employer, it is still very possible to find a plan that you can afford, and which offers you the coverage you need and are looking for, when you are choosing which insurance company to go with, for your health insurance needs, and for those needs of your family.

Five Smart Financial Moves to Make before Switching Jobs

When switching jobs, it is important to be pragmatic when evaluating the new opportunity before you. Outlined below are some aspects of the new situation that you can examine carefully to make sure the new switch works out well for you.

Your New Contract

It would be particularly wise to only give in notice at your old job after you have received and carefully examined the contract for the new position you are being offered. Make sure that at the very least you seek a legal opinion on the validity of the contract, and whether the terms as expressed within it are a reflection of your understanding of the document. This includes remuneration, the terms under which you may leave that position, non-disclosure clauses as well as any other terms that may affect your future career and thus, your future financial stability.

Net Income

Ensure that you have correctly understood the calculations by which you arrive at your net income in your new job. This is a discrepancy that a lot of new employees make, and one that some employers do not take the time to point out, which results in your receiving significantly less than you had initially understood you were going to get as your net income.

Benefits

Closely examine the benefits offered by the new position and note how they impact on your lifestyle. Do you have to travel further than you did for your original job? Does the cost-benefit analysis work out? Do you get paid overtime? Do you have the same health benefits? Are aspects important to your performance, like an entertainment allowance for a high-end marketeer, included in your benefits package? Carefully analyze your benefits terms to ensure they do not put you in a losing position.

Employee Schemes

Examine what schemes are on offer at the new job and take advantage of them. These often vary, and can include stock options, saving schemes, and things of that nature which can be vital to ensuring your medium to long term financial stability.

Account Management

It may be wise for you to look into who manages the financial accounts for the firm you are joining, at a banking level. It puts you on friendlier footing if you are banking with the same bank that handles your employer’s accounts, especially if you are joining a stable firm. Credit is significantly easier to access, and transactions are of course much easier to follow up on. Along side this, you would do well to ensure that you continue with any saving activity that you may have been carrying out at your previous position, or at the very least, start this valuable habit. If disbursements from your monthly income were being distributed between an expense and savings account, ensure the same process is maintained when taking on the new job.