| Self Employed Health Insurance | | | | | of shopping for and comparing rates on the |
| GuideToHealthInsurance.org | | | | Internet, the task of finding these |
| | | | comparable plans is not difficult. |
| Many people would like the opportunity to | | | | |
| work for themselves ? to not be responsible | | | | If you are unable to find an affordable plan, |
| to an employer, to not punch a clock, to be | | | | find out if any professional associations you |
| their own bosses. But many of them are held | | | | may be affiliated with offer their own group |
| back from realizing this dream for one common | | | | coverage. Some self employed professionals |
| reason: they don't want to loose the health | | | | have banded together to get group coverage of |
| insurance offered by their employers. This is | | | | their own. While it may not be as |
| especially true if they have families who | | | | comprehensive as an employer offered group |
| depend on the health insurance, too. Choosing | | | | plan, it may be a plan that you find |
| self employed health insurance can be a | | | | acceptable. |
| daunting task. Indeed, it is one that some | | | | |
| people don't even bother to investigate | | | | Tips for Self Employed Health Insurance |
| because they simply assume that it is | | | | |
| unaffordable. But if they were to learn more | | | | If you have self employed health insurance, |
| about it, they might be surprised to discover | | | | your insurance premiums are likely to be tax |
| that self employed health insurance may be an | | | | deductible. The premiums an employee pays for |
| affordable option for them. | | | | its group insurance is paid out of pre-tax |
| | | | dollars. Because self employed individuals do |
| Purchasing Self Employed Health Insurance | | | | not have that option, they are allowed to |
| | | | deduct their health insurance premiums. The |
| It used to be that the group premiums offered | | | | cost benefit of claiming your premiums on |
| by employers were the best bargain to be | | | | your taxes may offset the added expense of |
| found in health care; that is not necessarily | | | | paying for the whole thing yourself. |
| the case anymore. Many employers are passing | | | | |
| the rising cost of health care along to their | | | | Take advantage of the new health savings |
| employees, and asking them to pay a greater | | | | accounts. The self employed can make 100 |
| percentage of their premiums. This has caused | | | | percent tax-free deposits into these |
| the average cost per month for health | | | | accounts, and then use the funds to pay |
| insurance to rise significantly. | | | | regular medical bills with tax-free dollars. |
| | | | This makes it plausible to opt for a lower |
| With a little research, it may be possible to | | | | cost, higher deductible health insurance |
| find a private health insurance plan for the | | | | policy that covers medical emergencies. In |
| self-employed that has monthly premium rates | | | | addition, the unused money in the account |
| that are equal or even less than that of an | | | | accrues interest that can be used to |
| employer's group plan. With the convenience | | | | supplement your retirement.? |