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Old 02-29-2012, 11:42 AM
 
16,375 posts, read 22,576,329 times
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Quote:
Originally Posted by lifeexplorer View Post
You can easily pay your own benefit.
Buying health insurance could be reasonable (individual plan) if you don't have any preexisting conditions and if you are young enough. If you do have preexisting conditions or if you are old, your rate could be astronomical or they could turn you down from obtaining health insurance.

If you have preexisting conditions, then your best bet is to try to get into a group plan that is available through the vendor that pays you, if you are paid via W2. This would be via your contracting firm even if you have to pay the full rate for the insurance.

If you wait until Obamacare kicks in and if the supreme court doesn't remove it from existence...then in 2014 you can buy the equivalent of group health insurance even if you have a preexisting condition (such as diabetes or allergies or high blood pressure or thyroid issues, etc) and under Obamacare you would get a standard private health insurance company like Blue Cross or Aetna but you wont be denied coverage if a pre-existing condition and you won't be charged astronomical rate related to a pre-existing condition.

Nowadays you pretty much have to get group coverage via an employer of some sort if a preexisting condition. Which is pretty awful if you are a contractor and the firm does not offer it and you need health insurance.
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Old 02-29-2012, 02:35 PM
 
Location: Ontario, NY
3,522 posts, read 7,812,548 times
Reputation: 4303
Quote:
Originally Posted by WildnFree View Post
Long story short I was fortunate enough to find a job as a contractor after two months of being laid off from BRAC. I started in January and commute about 128 miles each way to and from my current job. I want to move closer to my job but I found out that the contract expires in September.

Never had a contracting job before so how does this work? If the contract expires I don't have a job with the company? Is it even worth me moving out only to know the that the contract expires within a few months?
What kind of company? I work as a Government contractor. The company I used to work for had a multi-year contract for providing services to the government. The contract came up for re-bid about 3 years after I start working for them. A different company won the contract, what basically happened is the new company hired most the workers that were working for the old company. Medical insurance changed, some people lost some vacation seniority, that's pretty much it. If your doing the work for the government, you know the job, you have already have security clearance, it make no sense to fire everyone and hire all new employees you have to get new security clearances for and train how to do the work they want done. It would be a major disruption for the client. The same would apply to just about any other company, so long as there is another company that wins the contract business, chances are you'll just slide over to the new company.

Quote:
Originally Posted by WildnFree View Post
The weird thing is that my company is still hiring people.
There's nothing weird about that. It's far better to write a proposal to the government you provide 110 positions than 100. They are attempting to win the contract, and if they don't they still get there money of the positions they did fill until the contract expired.

I used to think the environment I worked in was very strange there were direct Federal employees and contractors. About the 1/2 the contractors worked for one contracting company, 1/3 worked for another and the rest where for all different contracting companies. They split the work up and so many positions for each company that goes in on a bid together. Partnering they call it, There's a primary contractor and usually 2 or 3 smaller contracting companies. If they win, the prime get 70 or 80% of the business and the other 20% or 30% gets split between the other companies. It's very expensive to write up a bid proposal. You have to hire people to write up the proposal that meets the requirements laid out by the government bid, then wait months, sometimes years for the government to make a decision. You could spend $10,000 writing a proposal for a government contract than 6 months later have them tell you there funding was cut and they withdraw the bid or put it on hold forever. Also if my company XYZ able to find qualified candidate to fill an opening the government needs, I could make a deal with the primary contracting company, you give me a percentage of the positions fee and the position gets filled. Naturally the Prime contractor would rather hire the person themselves, so they don't have to share any of the profit, but this isn't always possible.

Last edited by TechGromit; 02-29-2012 at 02:56 PM..
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Old 02-29-2012, 05:27 PM
 
1,828 posts, read 4,662,194 times
Reputation: 604
Quote:
Originally Posted by NALEXAND View Post
I am contracting now (dont really like it, need benefits) and really have been kicking myself bc I was offered a direct hire position at a different company, but for $30K less than my contract salary and I tried to negotiate it up a bit and they rescinded the offer. I feel really badly about it but I guess for whatever reason it wasnt meant to be.
I wouldn't feel so bad about your contract position if it is paying 30k more. You should have no trouble getting good health care with that kind of cash. I'm in a different scenario though. Low pay contract with no benefits. Now this sucks. I still am trying to remain responsible though with a health plan with a ridiculous Deductible so at least I wont have to go bankrupt if I were to get sick, although even this policy is too much for what I am making at the moment. If I am still in a situation like this in a few years I welcome Obamacare!
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Old 02-29-2012, 07:52 PM
 
670 posts, read 1,283,112 times
Reputation: 453
Thanks for the lift! I appreciate all of the feedback as well! I wish Obamacare existed right now!

Quote:
Originally Posted by OHGreat View Post
I wouldn't feel so bad about your contract position if it is paying 30k more. You should have no trouble getting good health care with that kind of cash. I'm in a different scenario though. Low pay contract with no benefits. Now this sucks. I still am trying to remain responsible though with a health plan with a ridiculous Deductible so at least I wont have to go bankrupt if I were to get sick, although even this policy is too much for what I am making at the moment. If I am still in a situation like this in a few years I welcome Obamacare!
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