Health Insurance

health insurance for the self-employed
Health insurance Best health insurance for a merchant health insurance for the self-employed
Health insurance
Best health insurance for a merchant
health insurance for the self-employed

Health insurance



Health Insurance for the Self Employed

People who are employed by larger companies often have health insurance available to them through their employers. Many employers either completely pay for the employee portion of the premium or subsidize a certain percentage, often based on the salary grade of the employee. In some cases, typically for executive level employees, the entire cost of the family health insurance is absorbed by the company. But what happens if you are self employed? If you are self employed and looked for insurance, you will probably come to realize that getting insurance is not only difficult but also expensive.

So, what should you do if you need health insurance? If you are not self employed yet but plan on opening your own business, try to plan ahead. If you have coverage through your employer, you can continue that coverage through COBRA once you quit your job. This can be a good way to have insurance but the premium rates may be high as you will incur all the costs you may not have had to previously. However, while you are looking for other alternatives, this may be a good idea to go ahead and pay so there is no lapse in coverage. You can always cancel your COBRA health insurance once you find something more suitable and more affordable.

If your spouse is employed and is eligible for an employee health plan, take advantage of that. The health insurance under an employer plan will likely afford the best possible costs to the family while maintaining the highest level of coverage. The spouse may have a smaller pay check after the fact but it will all balance out with the extra income from the new business. But not everyone has this option available so in such cases, there are other options.

Search online for health insurance if you are self employed. There are many options available and you can get health insurance quotes from a variety of different companies. Compare health insurance rates and coverage before deciding which one is best. Also, make sure you read the fine print to determine what is and is not covered and what restrictions might apply. Make sure you do your homework when dealing with Internet companies. Many reputable health insurance companies can be found on the Internet but there are also some scams too. Check into the company and their reputation before making a decision.

Local health insurance agents and brokers will have available plans for the self employed. However, sometimes these costs can be fairly high. So, make sure to get multiple health insurance quotes and compare prices. Be up front with your agent to ensure they understand your needs and budget constraints. It is possible they can come up with a health insurance plan tailored to your needs.

One of the best options, though, when looking for health insurance coverage for the self employed is to look for group insurance. But how do you get group health insurance when you are self employed? You join a professional organization that offers group plans to self employed individuals. Not only will you benefit from the networking of belonging to a club or organization within your field of expertise but you may be eligible for additional benefits such as health insurance. Because the organization is a network of many individuals, they can offer group rate discounts to their members. The health insurance company has a lower risk and the savings is passed on to its members. This is as close to employer driven health insurance as you will likely get when you are self employed.

Being self employed is the American dream but it is not without risks. Certainly it allows you to be your own boss and set your own hours but it also comes with some sacrifices and expenses that are not incurred by the individual who is employed by another party. Getting health insurance is one of those. It may not be an easy task to find health insurance that is affordable for the family when self employed but it is not impossible either. You will simply need to take some time and do a bit of research to find the best possible options for you and your family.




Best health insurance for a merchant
health insurance for the self-employed Health insurance Best health insurance for a merchant
health insurance for the self-employed