Re: health insurance for contractors

Subject: Re: health insurance for contractors
From: Romay Jean Sitze <rositze -at- NMSU -dot- EDU>
Date: Wed, 28 Dec 1994 22:40:49 -0700

Steve Fouts wrote:

Ideally, the higher rate charged by contractors SHOULD cover insurance.
In actuallity, it rarely is enough. Depending on the nature of the
contract, contractors must make enough when they are working to carry them
through when the dry spells hit. Many of them also must carry liability,
provide for overhead, and frequently pay an accountant and a lawyer for
assistance with various aspects of their business. There are a lot of
expenses connected with running your own business that full time employees
of others do not always see.

> Someone will correct me if I am wrong, but I was under the impression
> that contractors charged hourly rates that were much higher than the
> stated hourly rate of full time employees so that they could afford
> their own ``benefits.'' Our contract employees make something like a
> quarter to a third more than a comparable full time employee, plus
> overtime. I know that all this has been discussed ad nauseum a few
> thousand times.

> |} Could anyone out there provide some pointers to how to find
> |} affordable, reasonable health insurance for the self-employed?

> Your best bet is as a member of some qualified group with a group plan.
> It is almost always possible for a group to get better rates than for an
> individual because the insurance co. can amortize the losses over
> the entire group. I used to have a membership in a dental insurance
> plan like this, back when I was a starving college student. I think
> my qualifying group was through my credit union.

> There were plan dentists, and set fees for certain procedures. Can't
> think of the name of it, but many professional organizations have
> something comparable. Anyone know if STC has something like this?

> _______________ _____
> / ___ __/__\ \ / / _\ Steve Fouts
> /___ \| | ___\ | / __\ sfouts -at- ellison -dot- sc -dot- ti -dot- com
> / / \ | \ / \
> /_______/__|_______\_/________\ "She understood, as he did, that all writing
> was infernally boring and futile, but that it had to be done out of respect
> for tradition" --Stanislaw Lem

RoMay Sitze rositze -at- nmsu -dot- edu

...all our finest art pales before the beauty of a single
shining star. --anonymous--

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