How can you get affordable health insurance if you are self-employed?

Being self-employed has many benefits. You are your own boss, create your own schedule, and are paid for doing what you love most. Unfortunately, when you work for yourself you do not have the same types of tangible benefits you would when working for an employer, such as employee health insurance. You may be wondering, then, how can you get affordable family health insurance if you are self-employed?

Buying personal health insurance when you are self-employed does not have to be an expensive proposition. Managed health plans are often the most affordable options for self-employed health insurance. HMOs, PPOs, and POS plans provide coverage for preventative and other necessary health care through their network of approved providers.

You may be able to save even more on your family health insurance when you are self-employed by adjusting your premiums and deductible according to your family’s health care needs. If your family is healthy and you use few prescription medications, you may save by raising your deductible, which will reduce your monthly premiums. Otherwise, if your family regularly uses health care or has prescriptions, you may save more on your out-of-pocket expenses by raising your monthly premiums and reducing your annual deductible.

If you choose a high deductible health insurance policy, talk to our insurance agent about whether or not you can combine it with a health care savings account. A health care savings account allows you to use pretax dollars for certain health-related expenses, such as your deductible, co-insurance, and more.

Finally, if you have employees, you may be able to purchase a group policy that allows you to save even more. A small group policy allows you to reap the same benefits of an employee group policy.

You don’t have to pay a bundle for self-employed family or children health insurance. You just need to know where to look.

 

 

Source: Health Coverage Los Angeles

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