If you are self-employed or contemplating going into business for yourself, health care costs can be a major headache. Health insurance costs can be astronomical if you don’t make the right decisions about the type of coverage that’s best for you. With that in mind, here are several insider tips on how to get the best health insurance coverage if you are self-employed:
1) Find out whether your spouse can get coverage through his or her job.
2) Contact other self-employed people, entrepreneurs and small-business developent centers at universities and get advice on acquiring insurance. You will find people who have shopped around for the best deal – saving you a lot of time.
3) Look for a group plan. You may find a good group plan available through a trade or professional group or your local chamber of commerce. Group plans are usually cheaper than individual plans.
4) Deductibles are another important consideration in how high or low your premium will be— the higher the deductible, the lower the premium.
5) If you are soon to quit your current job to become self-employed, consider the interim option of COBRA. This is a federal program that extends your current coverage, if you pay for it, for at least 18 months if you are currently employed by a firm with 20 or more employees.
*352\27\8*
You must be logged in to post a comment.