|
|
If you are fortunate enough to be self employed it can be extremely difficult to find affordable health insuranceresearch indicates that many people don't go self employed for this very reason. Generally speaking, if you are employed by a large company, you have more options for affordable health insurance through your company's group plan.
If you are self employed and married, one easy option is to take out health insurance through your spouse. You may pay a little bit more to add yourself on to their insurance and you may also have to wait to do this until benefits enrollment is offered, usually in the fall for the following year. This is usually the cheapest option for insuring not only yourself, but your children as well.
One thing you should consider if it's relevant to your situation is taking advantage of what is commonly known as COBRA (Consolidated Omnibus Budget Reconciliation Act) health coverage. By law, if you leave your job, you are entitled to continuing health coverage provided by your employer for a certain amount of time.
COBRA coverage can be invaluable in bridging the gap between the health insurance provided by your old company and the insurance you take out for yourself when starting up a new business.
The type of insurance you need will vary as to your situation. If you employ between 2 and 50 people you would probably save money by enrolling in a group health insurance plan. If your business is just literally yourself, you may want to take out a temporary policy. These can be changed easily if your situation changes and are relatively inexpensive.
Finally, if you self employed and are in a financial position to do itpay your premiums annually, rather than spreading the payments out over a year and paying every month. This may save you a significant amount of money.
And one piece of good news is that health insurance costs for the self employed have been tax-deductible for the last few years - a trend only likely to improve. |
| Author: Greg Haehl |
| |
Author Bio:
Auto Insurance Quote Home Owners Insurance Car Insurance Quotes |
|
 |
|
| |
Related Articles |
| |
Why take out world health insurance - a true story?
|
| |
Finding Affordable Health Insurance For The Self Employed
|
| |
GPS technology and Mobile phones
|
| |
Car Insurance - a Cautionary Curfew
|
| |
Saving Big With Hybrid Cars
|
| |
Cold Weather's Coming...Is Your Car Ready?
|
| |
Your Firewall: How Does It Work?
|
| |
What is an Immediate Annuity?
|
| |
Motorcycle Leather Pros and Cons
|
| |
Luxury and Sports in one package R35/G35 Nissan Skyline
|
| |
|
|
|
| |
|
| |
| Americans have a healthy appetite for motorcycles and all-terrain vehicles. Since 1996, sales have j ... - David Sanders |
| |
| Scooters can be a fun means of transportation. - Charles Kassotis |
| |
| Commence Industrial CRM President Outlines Key Data Points for Manufacturers (15/09/2006) - Thomas Cutler |
| |
|
|
| |
| Non-truckers often don??t stop and think about the trucking industry and the many trucking companies ... - Mike Dobson |
| |
| It's important to understand the difference between features and riders when evaluating the right ki ... - Gary Stuart |
| |
|
| |
|
|
