Getting The Right Health Insurance When Youre Self-Employed

By: David Neehly

One of the biggest benefits associated with working full time for someone else is the fact that you get health insurance benefits. When you own your own business, or are self employed as a freelancer or consultant, health insurance is a little trickier. It is still good to have, but it costs more.

The good news is that there are several options available to find health insurance or health care options if you are self employed. It takes some work, however, and you will probably have to do a great deal of comparison shopping. But in the end, it is well worth it to find decent health care that you can afford.

There are certain companies that offer self employed health insurance plans. The various plans that these companies offer include both family and small business plans. The family plans cover the family whereas the business plans are suited for the small entrepreneurs that have a number of employees. Although the costs of this insurance are in the higher range than a deal with a company benefits program, it is still affordable.

The best place to look for health insurance for the self employed is to look online. There are many web sites that are very helpful as they provide a portal to receive a number of plan quotes from various companies. There is even a rating system that helps you determine how good the plan is. Such sites provide information on various benefits, and let you know the cost of your plans and any co-pays.

Other health care options include joining health care co-ops. These organizations are not usually actual insurance companies or agencies. Rather, they are collections of people who are pooling their resources to provide affordable health care. A membership fee is paid, and a certain percentage of your medical costs are reimbursed. This can be an affordable and feasible way to defray health care costs.

And while it's not health insurance, you might also like to try a medical savings plan, they offer lower consultation fees for specific doctors and lower rates for your medicines at pharmacies. But to enjoy theses benefits, you would need to enroll as a member first.

Health and medical care plans are affordable and offer minor or routine health care. And if you need dental insurance, or a cover for expenses for your eyes then they're your best alternative. Because you don't commonly get these benefits under health insurance plans. But they do not usually insure you in the event of a medical crisis. You'd still need health insurance to cope with the uncertainty of life, like medical surgery, for example.

From the several options available in the market it is advisable to weigh both the insurance as well as the as non-insurance options. Draw a comparison chart for both the options. Weigh the options in the light of the costs, benefits, risk factors as well as your needs. You can then choose the best option for yourself.

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