All truck drivers need to have some health insurance. Unfortunately, many drivers do not have any coverage or they do not have enough amount of coverage to cover their needs and the needs of their families. The bureau of labor statistics classified trucking as a high-risk profession. In fact, it is one of the most dangerous jobs. Sleep deprivation and long work hours contribute to accidents. According to the Centers for Disease Control and Prevention, truck drivers have the second utmost number of nonfatal damages related to the profession.
Due to long work hours, truck drivers frequently suffer from tiredness, sleep deficit, sleep apnea and reduced mental awareness. These conditions can frequently make a driver commit errors which could result in truck driver accidents. An estimated 70% of truck drivers have at least one grave health condition. Some drivers omit medical treatment altogether if they don’t have health coverage. Numerous drivers don’t have a customary supplier which can be particularly significant if they have certain health conditions which require observation. People that don’t have health coverage have more difficulty with health access than someone who has health insurance. This is especially if they lack the essential funds for treatment. But there are some options available to Truck Driver Owner Operators which can help you decide the one to opt for. These are listed below.
Options to Consider
Many auto insurance firms provide other types of insurance to their customers, including health insurance. They make plans affordable by providing special “bundled” premium discounts when customers agree to turn to them for all of their coverage needs.
Catastrophic insurance– As the name implies, this type of coverage pays benefits only for catastrophic claims, such as surgery, heart attack and stroke. This insurance pays only for hospital-related expenses such as a semi-private room, general nursing care, intensive care, operation and anesthesia. A distinctive yearly deductible is $5,000 per person, but you usually pay 100 percent after the deductible has been contented. It doesn’t take much today to increase a hospital bill of $50,000 to $100,000. Expenses for a private doctor and nursing care (either pre or post-hospital) are not included in catastrophic coverage. Primary medical insurance covers those expenses.
Primary medical– Major health insurance provides more comprehensive health coverage than catastrophic coverage does. Not surprisingly, the premiums are also higher. Typically, a major medical policy provides a range of deductibles per the calendar year. Deductibles range from $300 to $2,000 per year, with a maximum of two deductibles per person. After the deductible has been contented, the insured pays a stated percentage (usually, 70 to 90 percent) and then 100 percent for the rest of the calendar year.
Assuming you have a claim of $100,000 and a deductible of $2,500. You pay the initial $2,500; the insurance pays 80 percent of the following $10,000 and afterward 100 percent of the rest of the calendar year.
Be mindful, nevertheless, that most major medical plans stipulate the health providers you can see. You will pay huge percentages if you use non-preferred providers. The Owner-Operator Independent Drivers Association offers both types of policies for its members.
The Owner-Operator Independent Drivers Association (OOIDA) provides health insurance plans at group rates to OOIDA members. OOIDA is a global trade association representing the interests of commercial truck drivers, independent owner-operators and small fleet owners on all concerns that affect truckers. Over 150,000 Canadians and Americans are members of OOIDA. They own and operate over 240,000 individual heavy-duty trucks and small truck fleets. OOIDA is a company which fights for the rights of all professional truckers. It is a member association which requires a very token yearly fee to join. This membership affords you a wide range of benefits. Among them are medical benefits.
The Medical Benefits Groups of OOIDA provides health and life benefits for you and your household. Each of these benefits has been carefully chosen and tailored to meet your needs. They provide the most complete and reasonable benefits available on the market. Additionally, they are endlessly searching for new products to make sure that its members have the best possible protection. Like other coverage plans, you can choose a high deductible plan to retain the premium low or you can select a low deductible plan with a higher premium. When you begin searching for a company to offer your health insurance, you will do well to consider OOIDA.
Another option is Hobby and group organization insurance plans. Members of certain groups can often find low-cost insurance plans because dues and donations pay for member access to VIP group benefits.
Some drivers have part-time employment-based jobs when they are not on the road. If you work part time, check if your employer offers part-time workers any essential coverage that might serve as a good brief option until you can find a better solution.
Owner-operators also can usually get insurance through the establishment they lease to. This is an advantage for drivers because huge numbers of them would not have the capacity to afford in acquiring their individual policy. The firm’s group plan allows them to buy inexpensive than they would if they tried to buy their individual policy because all drivers share the cost of the insurance premiums with the employer. Month to month rates for group insurance depends on the general health of the group, not only that of an individual thus lowering the price of being covered.
Independent-Operators usually must purchase their individual or family policy. Sadly, many of these drivers cannot afford the premiums to acquire the amount of coverage they need for themselves and their families. Similarly, the coverage these policies provide minimum coverage and very limited benefits. Luckily, there are choices available.
You can also try other companies (especially if you’re ex-military) and insurance companies such as Mutual of Omaha. Also, many local chambers of commerce, provide group health coverage for members. These establishments are viable sources of health insurance. An individual chamber membership could be cash well spent if it can offer you moderate health coverage.