But what happens to those who find themselves in this position at mid-career or later in life? Hopefully they have accumulated enough savings or have enough money in an HSA to survive a major medical emergency. Unfortunately, many do not and some find themselves in dire straits with their lives depending on others for help.
I have been working IT contracts mostly now for the past 11 years and I've done very well. I belong to a group insurance plan and the coverage is decent but as I get older, premiums and copays go up and coverage goes down. So I thought I would ask Slashdot. If you work contracts exclusively, what do you think is the best plan for insurance. Any preferences?"