Self Employed Insurance Options to Consider
Is your self employed insurance coverage the right coverage for you? Do you have self employed insurance or are you just hoping that you never need it? With health care costs skyrocketing and coverage becoming more expensive every year you may be thinking that you cannot afford self employed insurance.
In reality you cannot afford to not have health coverage.
A sudden accident in the family or an unforeseen illness could take everything you have worked so hard to build up and tear it all down.
If you value your business and more importantly the health of your family, you will invest in self employed insurance.
If you need insurance, how do you decide between the different plans and options? If you already have self employed insurance how can you be sure that the coverage you have is the right coverage for you and your family? The best answer to both of these questions is to speak with an agent or provider that specializes in self employed health insurance.
This article is too short to cover all the options available to you and each situation is unique and calls for an individual group of products.
Below are a few of the options available to you and there benefits.
Individual self employed insurance is the most common form of health care and will provide the necessary coverage for you and your family.
A disadvantage of an individual plan is that these policies take into account the medical history of each person insured under the policy, this can increase the coverage costs.
If you have enough employees to meet your providers requirement for group healthcare, this may be the best route.
Generally premiums are less while coverage remains the same as individual health care.
A new option recently added is the Health Saving Account (HSA).
Health Savings account are generally high-deductible health plans that provide coverage for major illnesses and a savings account to accumulate funds for other routine medical expenses.
Both your deposits to the savings account and your premiums are tax deductible.
Deposit maximums are decided by the government and are subject to change.
Whichever option(s) you choose, be sure to carry enough coverage to provide for you and your family.
A trained self employed health insurance provider or agent can assist you in making the proper choices for you and your peace of mind.
In reality you cannot afford to not have health coverage.
A sudden accident in the family or an unforeseen illness could take everything you have worked so hard to build up and tear it all down.
If you value your business and more importantly the health of your family, you will invest in self employed insurance.
If you need insurance, how do you decide between the different plans and options? If you already have self employed insurance how can you be sure that the coverage you have is the right coverage for you and your family? The best answer to both of these questions is to speak with an agent or provider that specializes in self employed health insurance.
This article is too short to cover all the options available to you and each situation is unique and calls for an individual group of products.
Below are a few of the options available to you and there benefits.
Individual self employed insurance is the most common form of health care and will provide the necessary coverage for you and your family.
A disadvantage of an individual plan is that these policies take into account the medical history of each person insured under the policy, this can increase the coverage costs.
If you have enough employees to meet your providers requirement for group healthcare, this may be the best route.
Generally premiums are less while coverage remains the same as individual health care.
A new option recently added is the Health Saving Account (HSA).
Health Savings account are generally high-deductible health plans that provide coverage for major illnesses and a savings account to accumulate funds for other routine medical expenses.
Both your deposits to the savings account and your premiums are tax deductible.
Deposit maximums are decided by the government and are subject to change.
Whichever option(s) you choose, be sure to carry enough coverage to provide for you and your family.
A trained self employed health insurance provider or agent can assist you in making the proper choices for you and your peace of mind.