What Do Travel Nurses Do For Health Insurance

A travel nurse is a skilled nurse employed on a temporary basis at a healthcare institution, typically for a brief assignment.

These nurses usually maintain their personal health insurance, enabling them to undertake assignments in various regions of the country as required.

Numerous travel nurses opt to procure their health insurance independently, either from a private provider or through the Affordable Care Act Marketplace.

Additionally, certain travel nursing agencies provide health insurance options for their staff.

What do travel nurses do for health insurance
Travel nurses must handle health insurance while moving between cities and states. It’s uncommon to get coverage through group or employer plans; agencies or travel nursing companies usually provide such plans when available: Photo courtesy (Travelerudition)

Do travel nurses get insurance benefits?

Embarking on a travel nursing journey provides an excellent opportunity to explore diverse parts of the country and experience various work settings.

However, it’s crucial to recognize the variations in benefits offered by different companies.

Some agencies provide comprehensive medical insurance coverage, while others offer more basic plans.

Take the time to compare benefits across different agencies and select the one that aligns best with your needs.

Typically, an agency will deduct around 30% from the full bill rate.

Within this, profits may fall within the range of 20-25%.

Depending on factors such as specialty, working all assigned hours, and agency size, these organizations generally generate profits in the ballpark of $5,000 to $6,000 per 13-week contract.

How to get health insurance as a travel nurse?

When seeking health insurance for international stays, consider:

1. Ensure the chosen plan covers you and your family.

2. Private insurance is often cheaper than employer-provided plans.

3. Purchase online via Healthcare.gov or private insurers.

For frequent travelers, opt for a PPO (Preferred Provider Organization) plan for nationwide coverage.

HMOs (Health Maintenance Organizations) won’t cover you outside your service area, except in emergencies. Choose a PPO for regular care during frequent travel.

What is the highest paid travel nurse?

Telemetry travel nurses earn top salaries, averaging $130,870 annually or $6,292 per hour, $2,517 per week, and $10,910 per month.

The high pay is justified by the substantial responsibility of monitoring patients’ vital signs and responding to changes swiftly.

Travel nursing proves cost-effective for hospitals, with higher rates than staff nurses and inclusive expenses like travel and healthcare, resulting in significant savings.

What state pays the most for travel nurses

Idaho offers travel nurses lucrative salaries, with an average base of $151,203 annually, surpassing other states.

If you prioritize high pay, Idaho is the ideal choice. Aya Healthcare provides comprehensive medical, dental, and vision plans from the first day of your assignment, with the option to include spouses and dependents.

Is it still worth it to travel nurse?

Travel nurses often find the financial aspect to be rewarding. According to the Bureau of Labor Statistics, the median pay for a travel nurse is $73,300 per year.

By leveraging insider tips, some nurses can negotiate higher hourly rates, receive bonuses, and benefit from tax-free stipends for housing, meals, incidentals, travel reimbursements, and professional development when working outside their tax home state.

Consult with a tax advisor to explore eligibility for this tax deduction, which can enhance take-home pay.

Conclusion

Travel nurses often handle their health insurance, with some companies providing limited reimbursement for premiums.

While a few companies offer health insurance as a benefit, it’s uncommon.

Many travel nurses rely on coverage from a spouse or a private plan.

They can obtain health insurance through employers, private companies, or, in rare cases, government programs.

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