Affordable Self Employed Health Insurance Plans For Entrepreneurs

Affordable self employed health insurance plans are popping up everywhere. Choosing the plan that is right for you is the challenge.

What types of affordable self employed health insurance is available

Think you can't find affordable self employed health insurance? Do some research, find what is available. There are four basic options to consider while comparing price and coverage.

  • Health Management Organization, HMO is a health plan that covers preventative as well as emergency and long term care. HMO plans are one of the more affordable plans for the self employed They offer various different types of coverage. They offer co-pay plans, and prescription plans.
  • Preferred Provider Organization, PPO, is basically the same as an HMO. The prices are different, there are more restrictions on who and where you get your healthcare. Monthly premiums can be greatly reduced by changing your deductible or co-pay amounts.
  • Point of service plans, POS, are like the HMO plan but they don't require a referral to treat a condition that requires specialized care. They will also allow you to choose a doctor or facility that is not in the plan.
  • Finally there is the Fee-For-Service or indemnity policy. A fee for service plan has an annual deductible that must be met before the insurance pays. It also covers any doctor or medical facility. Not just the ones that are in your plan group.

How to find affordable self employed health insurance

It is important to have ongoing health coverage. If at all possible, pay the COBRA rate to keep the insurance you had with your job. If you aren't on your spouses insurance, get on it. This may be a less expensive option that will fit better in your budget.

Ask other small business owners. They may have an affordable self employed health insurance plan. Visit the business associations in your town. Check the Area Chamber of Commerce. Look on the internet.

With more people becoming self employed, more insurance companies are offering lower cost insurance for the entrepreneur. Look into all the options you can find. The internet is a great resource to find affordable self employed insurance. Learn all you can about all the different types of policies available for the self employed. With some work and self education, you can find affordable self employed insurance.

Affordable self employed insurance plans are worth looking into.

An accident can happen in a split second. If you don't have an affordable self employed insurance plan you could find yourself with a very large bill and no way to pay!


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