Posts Tagged ‘self’

How To Apply For Health Insurance When You’re Self Employed

Article by Abel Jones









People are focused towards their health these days. This is the reason that you can find several health gyms, food chains and dieticians around you. This is fine. However, people tend to neglect an important aspect about their health and that is the possibility of getting inflicted by various diseases or facing medical emergencies. This makes them lose out on all their savings during an emergency. These days, it is really hard to pay for hospital treatment and medical bills without an insurance policy. Hence, it is important to purchase health insurance policy to ensure safety for your health.

Self employed health insurance is one of the most famous and appreciated insurance policies available for consumers on the market. People who own a business or freelance do not have a fixed income. Therefore, they cannot be benefited by a general health insurance policy. Self-employed health insurance is especially designed for people who own a business or freelance.

If you purchase a self employed insurance policy, you can easily incur costs for all your hospital treatments, serious ailments, physical injuries and medical bills. It is a great option. However, you can only get benefited if you are able to find the best self-employed cover. The policy should be affordable.

Here are some common options that can make health insurance affordable if you are self employed:

a) COBRA:

This is the best option for the beginning of your self employment. Once you leave your job to start a business of your own, your employer should give you the option of retaining membership in his health insurance plan by law for several months. You need to cover the entire monthly premium paid by your company. Here, the actual cost of this insurance is more affordable compared to those plans that you would have otherwise purchased as an individual. However, you should remember that it is only temporary. Try to look for other health insurance options while you are still covered.

b) Group health insurance for the self employed:

Most states such as Maine provide affordable group policies for groups of one via health insurance companies. All you require to do is to shop around to find a company that provides one at affordable rates. Make sure that the health insurance covers everyone in the group, irrespective of health conditions. The policy insures you and your family against possible hazards due to illness or accident.

c) Coverage under a spouse’s plan:

This is one of the most common options available to cover the family for health insurance with the help of a spouse’s employer. If a member of the couple is working for a company that has a group health insurance plan, it is usually considered as the most affordable option for insuring the whole family.

There are several factors you can benefit from when purchasing self employed health insurance plan. First and foremost, you will have the tax benefit with your self employed health insurance plan. The self employed health insurance premium is 100% tax deductible.

Another benefit is reduced costs in premium. This can be easily availed via your spouse group insurance through the spouse’s company. You can also get this benefit via employing 2 to 50 people in your company.

A self employed insurance is very important for a business owner and a freelancer.



About the Author

Read about french braids, goatee trimming and other information at the Knowledge Galaxy website.










Using health insurance brokers will provide self employed with cheap health insurance ideas, plans, and quotes with more service

Article by National Insurance Brokers







As a small business owner or independent contractor, you are usually in charge of everything for your business including finding cheap health insurance for you and your family. However, as a self employed business owner you do not want to short change your coverage just to have the ability to say you or your family is insured. It is vital to you finances to make sure the policy and plans you review are ones that meet your healthcare needs and your budget. This means to consumers that you must be educated on the models that health insurance companies put out for policies as well as the terms and to know how to read a plan to see what exactly is not being covered or what has limited benefits. The individual health insurance markets are very confusing and buying the cheapest health insurance plan will cause you much grief, or at least may, unless you fully understand what you are buying before you enroll and apply for that plan.

To combat these problems, many self employed are looking through the eyes of advisors who are called health insurance brokers. These services are very misunderstood, most brokers have in fees and are compensated by the carrier. They also are not just paid to sell you a plan, most brokers have agreements with carriers that they do not get fully paid on a self employed health insurance without having the client or consumer stay on the policy for a minimum of 1 year. This means that broker has a vested interest in making sure you get on the policy that is going to provide you the best benefits vs. price, they must make sure this is a plan you can afford, whether there is cheaper plans or not they are also making sure that the benefits meet those needs you explain to the brokers that you are looking for. In addition to these facts, the brokers will also be able to assist you in seeing what you are purchasing from different angles. You may not realize what you are asking for may effect you badly, such as purchasing a plan without name brand prescription coverage, which could cost you thousands of dollars in out of pocket money if you ever were to develop a major medical condition. Brokers can help you see this and many other obstacles in the individual health insurance industry that you are not currently thinking about.

A typical consultation for major medical insurance or a individual policy, usually takes less then 15-30 minutes and although this is longer the self quoting sites, it is rewarded usually with much more upfront savings and even more importantly long term savings on your health insurance. Another added benefit is the brokers are able continue to monitor your premiums and other carrier offerings throughout the year, and can send you updates on if cheap health insurance becomes available. You will also see addition services in having a independent advocate to help you get your policy to pay the claims that it is responsible. Anyway you look at it, self employed health insurance is most affordable this way.



About the Author

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