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The Affordable Care Act Individual Mandate
The Affordable Care Act has an individual mandate that all persons in the United States carry a federal certified major medical healthcare insurance plan. Having health insurance coverage for you and your family will provide security that you can get treated by doctors in hospitals and clinics, when you are on or off the road.
3 Ways Owner Operators Get Health Insurance
1. Enroll In Qualified Health Plans Certified By The Health Insurance Marketplace During Open Enrollment Periods
The federal government creates an “open enrollment period” where you may change your major medical health insurance without a qualifying event (such as getting new employer-sponsored health with a new job). This is when O/Os may drop their current insurance and find new major medical policies. The certified health plans offered on private marketplaces are required to provide essential health benefits, cover pre-existing conditions and has limits on deductibles, copayments and out-of-pocket maximum amounts. These are policies that are similar to employer-sponsored insurance.
2. You Can Enroll Anytime For Short-Term Medical Policies
Though the benefits are not as robust as an ACA-compliant plan, Short Term Health Insurance can save you money in insurance premiums. These plans are recommended for persons that are in relatively good health. You need to consider that short-term health insurance plans may deny any claims considered as pre-existing conditions and not pay for treatments for medical conditions you may have had before the plan started.
If you are just getting started with owner/operator trucking, an affordable Short-Term Medical Policy may help control your costs and you build your career.
3. Check If You Can Receive Medicaid or the Children’s Health Insurance Program
If you are 65 years old and not receiving social security, you may have to sign up for Medicare. If you are not nearing retirement age, you may qualify for assistance through the federal Medicare program or Children’s Health Insurance Program, also known as CHIP.
Medicaid eligibility is determined based on your income from being a truck driver. Medicare is also available for the elderly, pregnant women and adults and children with disabilities.
Frequently Asked Questions
Many Trucker Insurance Websites Mention Med-Share Programs. Are These A Scam?
Med-Share programs are Faith-based insurance cost sharing groups. Your monthly payment goes into an escrow account for all members. You request reimbursement for medical expenses. If you are looking for a PPO plan through Med Cost Sharing program, you will need to wait for open enrollment. It’s important for you to know that these are not federal Healthcare Marketplace approved plans.
Why Do I Need Occupational Accident Insurance?
As an Independent Owner Operator, your health and wellbeing are on you. If you are injured in an accident, Occupational Accident Insurance can provide a benefit for lost wages. This will help cover a gap in your income. Some companies that you contract with may provide this insurance ahead of time.
What Long Term Health Do Problems Truckers Suffer From?
A survey by the Center For Disease Control (CDC) found long-haul truck drivers have the following medical conditions:
- 14% have Diabetes
- 26% have High Blood Pressure / Hypertension
- 75% reported low physical activity