Ford salesmen are some of the most highly prized employees in the automotive industry. They’re usually well-educated, charismatic, and persuasive. And yet, a surprising number of them don’t have health insurance. Why? Ford’s salesmen are typically hired on a commission-only basis, which means that their income depends on how many cars they sell.
Since health insurance is not included in their pay package, it’s an expensive add-on for them to get—and one that many choose not to take advantage of. Fortunately, there are ways for you to help Ford salesmen get health insurance. Here are five tips to get you started:
What is Ford’s Health Insurance?
Ford offers health insurance for employees. The coverage includes medical, Dental and Vision care, as well as life insurance. In addition, Ford provides a 401k retirement plan with employer contributions. Ford also offers a wellness program that rewards employees for meeting guidelines such as weight and fitness goals.
How Ford Salesmen Get Health Insurance
Ford salesman typically receive health insurance through their company, but there are some ways to get coverage that may be more beneficial to you.
The Affordable Care Act (ACA) provides tax credits that can help pay for health insurance premiums. The government will partially pay for your premium up to $4500 per year. If you make less than $50,000 a year, you can still qualify for the subsidy. In order to be eligible for the subsidy, you must have qualifying income and be enrolled in a healthcare plan through an employer or the government.
If you’re not comfortable with your company’s health insurance options, there are a few other things you can do. You can look into COBRA coverage which is continuation of coverage offered by your previous employer. COBRA coverage typically lasts 18 months and costs between $600 and $1200 per month depending on how much benefits your former employer offered. Another option is to buy individual health insurance which will likely cost more than getting coverage through your company but may provide better benefits specific to you as an individual worker.
Pros and Cons of Ford’s Health Insurance
Ford offers a health insurance plan to their sales employees. The benefits include salary replacement for lost wages if they are unable to work due to illness, as well as preventive care and prescription coverage. However, there are also some cons to this plan. One downside is that the health insurance only covers employees who work for Ford full time.
This means that part-time or seasonal workers are not eligible for the benefits. Another downside is that the coverage is relatively limited, and it does not cover many expenses such as dental or vision care.
Conclusion
As a Ford Salesman, it is important that you are aware of the health insurance options that are available to you and your family. Being able to access affordable and quality health insurance can protect you and your loved ones from costly medical expenses in the event of an accident or illness. Check with your human resources department to see if there are any special discounts or benefits for Ford salesmen that may make health insurance more affordable for you.