You can't deduct insurance premiums if
Posted By: KT on 2008-01-22
In Reply to: you don't have to be IC to deduct that - just do an itemized 1040 and it is deductible even if yo - anon
they are taken out pretax if FT employee.
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TransHealth: What is the insurance and premiums
nm
With regard to insurance premiums, sm
Who would you say has the best insurance to offer, at a reasonable price. I am currently paying about $500 for family coverage per month; that does not include dental and vision. It is probably another 100 a month.
Also, what companies out there provide the equipment; including computer and software?
Insurance premiums question
Are there any companies that have health+dental insurance premiums for self, spouse and child(ren) for less than $400 total in premiums a month? Meaning, less than $200 taken out of each paycheck for premiums? Thank you for any leads.
Lower Health Insurance Premiums
Can anyone provide your average monthly cost for individual and/or family health insurance premiums? I'm looking to change employers and most companies will not provide this information until after an applicant has gone through all the testing. Who wants to bother with all that if the monthly health insurance premiums are outrageous? The company I am with now has a very reasonable plan, and I need to find something comparable. I would greatly appreciate any information you can give. Thanks so much for your time!!
9 cpl for IC, 7.5 cpl for employee. Insurance premiums are high.
Not to mention that they want you to only type one space instead of two after a period. That may not be an issue for you, but I am am just giving my opinion. I wasn't going to do it.
How are they dishonest for taking out premiums for insurance that we signed up for? sm
Wow. People will bash any company for any reason.
Actually, I didn't, but my point is taking out double premiums for insurance sm
and I am glad that you find my distress so amusing. Perhaps you can go pick some wings off flies too while you're at it.
premiums
How much are the premiums going to be? I turned down employment a while back because of the high price tag for health insurance.
(and what their premiums/copays are) sm
I can get insurance but there is a huge deductible, preexisting condition clause (of course) and OK copay--that is only relevent IF you can get through the $2000 deductible. How sick do you need to be make this kind of insurance work for you? If you just have well care visits, yearly stuff, you dont even get through that deductible and its cheaper to pay it yourself!
Medware raised premiums
Medware no longer has good benefits, at least as far as affordability goes. They recently increased the premiums and if you live in certain states, they are extremely high. Expect to pay between $100 to $200 a month in premiums depending on which state you live in.
Yes, that is pretty average in family ins premiums.
Maybe that'll help you some.
With little to no work, the company doubled my premiums - nm
x
How do they deduct for time? NM
nm
What companies Deduct....
I was just offered a job by a company as an IC. I almost took the job until I read in the contract that you will have pay deducted if you accuracy drops below 98%. I am still new to this profession and was a bit nervous to take the job as an IC. I was just curious if this is a standard practice for companies to do this? I thought maybe that was why I got the job offer because they know I am still new and if I did mess up then they wouldn't have to pay. But, maybe I am just paranoid?
Thanks,
Plus, how much will they deduct for errors? (nm)
v
I did not test with them either, because they deduct
2 cpl if for some reason you do not meet TAT. I really did not want to work for a company who deducts from an already low rate, even though I doubt it would ever happen, but if there was an emergency or something, you just never know.
They deduct points for that?
The company I worked for did not deduct for punctuation. I believe in the AHDI guidelines there is no deduction for punctuation, unless of course it changes the meaning of a statement or something like that. Alot of the commas are open to interpretation, but some QA people are really picky about the hyphens.
The companies do get paid by the lines, so if your accuracy is 98% they should not care that your line count has increased significantly. I would say take note of what it is they are complaining about, and keep up the good work. As far as running out of work, I would wait and see how often that happens. Could it be another case of offshoring what is out of TAT?
This is also an IC position so you can deduct....sm
another 2 cents a line for taxes etc., and you need to have unlimited long distance. I wouldn't touch this with a 10 foot pole, 5 cents a line is not going to pay my bills no matter how big my expansion file is.
NO, you are wrong. They deduct half of the 15%
the other half. So 7.5% is deducted from your check, then they pay the other 7.5% themselves. My company does not withhold any federal or state taxes, only 7.5% for SS and then Medicare tax.
Do they deduct taxes from checks?
I forgot to ask, do they take taxes and social security out of your pay checks or do you have to pay those yourself at the end of the year? Thanks!
To be specific, how they deduct for headers
They deducted a flat 17% from the line count. You all know that all headers are not created equal and some have hardly anything in them and very few of them are 17% of the total lines typed. I remember when this head honcho went in one day and revised all the headers to make them with even fewer characters but that 17% did not change. I could not accept the politics of this company any longer and immediately started pounding the pavement for my own accounts because I didn't need the benefits anyway. This company was not Transtech by the way. I don't know what percentage Transtech deducts because I have never worked there.
They refuse to deduct state taxes, if that's
nm
you don't have to be IC to deduct that - just do an itemized 1040 and it is deductible even if yo
x
Not when you have so many accounts and no work. How do you like the picky nothing stuff they deduct
off for the 98% QA. I have never seen such BS in my life. It makes absolutely no sense at all. Has no bearing on what an MT can or cannot do. It is all designed to get rid of more QA people and to make sure no one makes the bonus. No doubt about that. Has anyone tried to discuss this with them or is that impossible.
My thoughts exactly. Need an IC job so can deduct equipment, etc without having to meet 7.5% rule.
My normal company gives garbage as equipment, and I can't meet the rule for unreimbursed employee expense because I'm a high producer and don't have the other expenses that you can add to it.
I agree platform awful and they deduct for mistakes, to the tune of $10 per report.
:_
401k funds are protected by govt insurance similar to the insurance
that banks have (FDIC). It is safe even if the company goes under.
The insurance cost is double for Transcend but insurance probably doesn't factor in for her.
I have heard more good things about Axolotl than Transcend, although it seems Axolotl may be less flexible with your schedule and someone told me that QA was pretty strict, which should not matter either if you have worked for a hospital and know what your QA score is.
The insurance plan in my opinion is excellent insurance. I am not sure if it will change when it'
time to renew or not. I really hope not but I know that a lot of companies change every year in an effort to keep costs down because most insurance companies start raising rates after you have been with them a year. The insurance is Great West and they also have excellent dental and vision plans. I believe the cost is less than $70 a pay period for the employee.
Insurance sucks compared to my old insurance... sm
The insurance seems like they don't want to cover anything, even simple prescriptions I used to pay 4 or 10 dollars on I now pay 20 to 43 dollars. I like the company/people so far, just don't like the insurance.
Insurance Questions: Can you tell me what you pay for insurance through your
MTSO, which MTSO it is and whether the coverage is decent? I currently pay $92.00 a pay period for decent coverage but am trying to figure out if I am getting a good deal or if I could do better elsewhere.
TIA.
They must deduct FEDERAL taxes.. NOT STATE taxes.. if they took out state taxes.. it would be FLORID
which would only have to be refunded to you for you to pay YOUR state what you owe them which is nothing but a pain... be glad they weren't handling your state tax.. and I think in this case.. if someone at the IRS told you they have to deduct YOUR states taxes.. it is that person who is uneducated... they only have to deduce federal income tax
insurance sm
You may be better off going directly to the source, so to speak. I do not have the insurance, but I have seen the rates, and they are reasonable, even affordable! I believe it's through either Blue Cross or UHC, or it may be both, you get to choose. Anyways, I do get the eye insurance for my family, which is at no cost to me. As I said before, your best source is to ask MQ itself. Good luck, and don't count MQ out just because of all of the negative posts on this board! I'm very happy w/them, and have been for over four years now! 
MQ insurance
I don't know if it's still the same, but when I worked for MQ, I cancelled my insurance and went to IC status when the family coverage went up to $900/month. I asked them how could that be with the largest transcription company in the world, and they claimed it was based on the area I lived in.
Insurance
They don't let you go, they make you a statutory employee. If they let you go, then they would put themselves in a situation to where they may have to pay unemployment. If they move you to statutory and take all your benefits, then they don't have to pay your insurance or PTO days. Working off the clock is just free labor for them. So basically, it is going to benefit them either way.
insurance
I carry myself and my husband and it costs me between $30 and $40 monthly. This is for an HMO. I think they told me the PPO was between $80 and 120 monthly, but the HMO had more providers in my area so I went with it. There were several choices between HMO and PPO. Like I said before, this will vary depending on which hospital. I work for a hospital in PA. I'm not sure about details for the Florida hospitals.
For the insurance directly through Diskriter (if you work for them directly), I think they quoted me around $300 a month for two people.
PT Insurance
There is a company in WI who offers insurance at 30 or 32 hours a week. For the life of me I can't remember the name but out of Waukesha, WI. Hopefully someone can jump in and give you the name.
PT Insurance
I keep wondering why more companies don't offer an option like the hospitals where you pay a little more as PT, but can at least obtain insurance as part of their group. Or for that matter, why AAMT cannot offer a group option for insurance for all the ICs, etc.
insurance
You get to choose full time with benefits, full time with limited benefits, or part time.
Now, tell me about the insurance. I may sm
still look into this.Thanks!
insurance
Check with IRBA on the internet. It is a group for small business owners and then you get a group rate. You join IRBA and then there are different insurance companies.
insurance
I checked into the self employed insurance (Mega Life) and the deductibles are high -- which I could tolerate -- but if you go into the hospital the deductible must be met for each occurence. So if you have two surgeries -- I broke my leg and had surgery for placement of a rod and plate, etc. Ten months later it comes out -- deductible for each has to be met. I have worked insurance also and their plan is hard to understand what each covers. You pay for your basic and add on -- chemotherapy, outpatient labs, etc. I went with a high deductible but where I put money in a tax free account to pay the deductible should I need it. I am self employed so it works for me. Most of the docs I type for give me free office visits and labs done in their office as well as prescrition samples. But then have only been to the doctor three times in the past 3 years. But do a search for medical insurance and you will get a lot of info. But with the difference of over $200 for a $2000 deductible, I saved that in a year and like I said it is pre tax account.
Patti
insurance
Poster below gave you good info - WMX probably has best, most affordable ins. of all MTSOs.
I know several IC's, over 50, with no insurance. SM
They rave to me about all the money they make, however, they cannot afford to see a doctor and rarely do, one goes to hospital when they run those studies.
Yeah, they make more than I do, but you cannot enjoy the money if your are dead.
Sorry, like I said, this rant is directed at older (over 40) IC's.
Insurance sm
I am over 50 and have insurance through AARP - 118.50 per month. I also have an arrangement with my personal physician to pay cash at a much lower price than he would normally charge for someone with insurance. Also, because I am IC, I have multiple tax deductions that lowers my income so that I can qualify for cheap drugs, free mammograms, etc. I also have additional accident coverage in case I am in an accident or fall or something that would be more than my AARP insurance coverage. This has worked well for me for about 13 years. Most disease can be prevented and if you take care of yourself, you are unlikely to have an emergency.
insurance
Why can't people just pay for their own insurance? IF you make good money it is affordable.
insurance
After changing jobs and realizing I couldnt'afford the new company's insurance, my husband and I attempted to buy our own insurance. Guess what, no reputable health insurance company in our state would even accept us at any price because of our physical condition. They only want you if you're young and/or healthy. So buying your own insurance is not always an option. I would advise anyone to go ahead and buy their own insurance before they get too old or in too bad of health and not count on any company's insurance, because if you lose it, you won't have any. At least that's been my experience.
insurance
please tell us what website to go to.
Insurance
If you find someone that gives good insurance coverage the pay usually goes down. We need to something about these insurance rates as no one is getting rich but the insurance companies.
It's not so much about the insurance -
I believe that by law (?) new insurance cannot turn preexisting claims if you have proof of creditable coverage from your prior carrier without a lapse of more than 63(?) days. If you were not so previously covered, I think some companies do make you wait a certain amount of time before they cover you for preexisting.
MW has excellent insurance through United. I suggest you either give your recruiter a call and ask (they usually don't mind giving you specifics as this is as much compensation as money is) and/or look up United Health care on line to see if there are any leads. Good luck to you.
OSi insurance
Are you talking about Opti-Script, Inc., or Outsourcing Solutions? Both have the same logo. If Opti-Script in State College, PA, please give me a call at 814.404.8805. Additionally, we are recruiting for full- and part-time employee MT positions, If interested, please give me a call.
Sharon B. Allred, CMT, FAAMT
Opti-Script, Inc.
Director of Staff Development & Special Projects
sallred@opti-script.com
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