If you’ve decided that you have had enough of working for someone else, and are therefore starting your own business, you will need to consider a self employed health plan. Being self-employed has many benefits, but life will not always be easy for you. You are going to have to work very hard to earn your money in this economy.
Here are a few useful guidelines on how to get cheap health insurance. Most self-employed people will tell you that the best method is to be part of a group coverage scheme. Another option is to inquire if you can be included in your spouse’s health insurance.
A founder of a well known accounting company in New York pays only $150 per month for full family coverage thanks to his wife’s part time job. If, for some reason, you were unable to work, the law states that you will be covered by your spouse’s insurance plan if you are signed up before 30 days of losing your own benefits.
There are other methods of getting cheap group health insurance. Join a society or a professional association. These often offer reduced health insurance rates to members. Also contact your Chamber of Commerce because it might offer a health plan designed for local business owners.
Yet another option is to speak to a representative of your college alumni. Often ex-students can participate in a group plan for health insurance. Then there’s the Freelancers Union which is a non-profit association that assists sole-proprietors to get low cost coverage. Check with them that your state is one of the 30 states included.
One of the best ways to cut costs is to get a health plan that carries a high deductible. These are known as catastrophic plans and they will cover all costly medical bills. Although you will be liable to pay out-of-pocked expenses, you can offset these if you open a Health Savings Account. Keep all this advice in mind when deciding on a self employed health plan.
You need health insurance for self employed coverage if you work for yourself and have no other medical plan. Compare self employed health insurance quotes online to locate the medical plan that fits your needs and is affordable.
Tags: business health insurance, business medical insurance, group health insurance, group medical insurance, health insurance, medical insurance, self employed health insurance, self employed medical insurance