You probably noticed a trend toward rising insurance premiums for self-employed people. This trend is expected to keep the prices for employed professionals at a very low premium while the rates for self-employed people will continue to rise at least annually if not quarterly.
The truth is self-employed professionals tend to diagnose, counsel, prescribe, recommend, suggest, treat and attempt to cure clients more than employed professionals.
Unfortunately, this does not take into account those self-employed professionals who coach, demonstrate, educate, empower, facilitate, instruct, mentor, supervise, teach and train their clients to control their own destiny by making their own health, nutrition and wellness decisions.
You have several options to become employed:
Seek employment with a licensed professional health provider.
Form an LLC, corporation or partnership that hires you and provides you with a W-2 at the end of the year.
Form a private health association that hires you and provides you with a W-2 at the end of the year.
Working for somebody else is sure to lower your standard of living. Paying taxes for both your company and yourself is an inefficient use of resources. Forming your own private association is more economical in the long run. Most private associations pay for themselves in two to three years.
Most private associations pay for themselves in two to three years. You go to work for the association as an expert in your profession and you save money too. It's really a win-win situation.
You save money on insurance as an employee of your own private association. You also enjoy many other benefits as an employee of a nonprofit education association. It really is a win-win situation.
By law if you are employed by a nonprofit organization, you are an employee. You are not self-employed. Your employer pays your wages, withholds your taxes and pays for all the other benefits of your employment. You buy your insurance as an employee.
Investigate the possibilities. Do the math and decide for yourself. If this is something you might consider, we suggest you contact IPX Services to see what you would have to do to legally employ yourself. They are the go-to expert in this field.