The Freelancers Union, a non-profit organization that represents freelance workers, has received a $341 million loan from the U.S. government. The money will help the organization set up health insurance plans in three states. New York, New Jersey, and Oregon are the states where the plans will take root once they have been finalized. The plans are meant to compete with those that come from for-profit insurance companies and may help lower coverage rates by bringing in more competition to the markets.
The Freelancers Union owns its own insurance company called Freelancers Insurance Company, which is for-profit. The company is licensed to sell policies in New York, but Union officials say that they are likely to pursue further licensing in New Jersey and Oregon in order to launch insurance plans in those states. The Union will be exploring several options on how to create these new insurance plans and how they may affect the lives of freelancers doing business in each of the targeted states.
The Freelancers Union is a major supporter of co-op insurance plans and programs coming from the Department of Health and Human Services. The group believes that these plans will be beneficial for freelancers, who represent the majority of the country’s workforce. The Union expects to begin extending these insurance plans in the future after the success of these plans in the first three states is proven.
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