Affordable Health Insurance for self EmployedAccessible health insurance for the self-employed
Self employed and health insurance - eHealth
The self-employed are those who work for themselves, usually without an employee. This section of our guidebook will take you through a four-step procedure, if you are self-employed, to help you find the cover that best suits your needs and to help you efficiently administer your cover once you have it.
As self-employed workers usually take out personal and familial health insurance rather than small group insurance, this part of the guidelines will concentrate on the following. To find out more about buying group insurance for yourself and your staff, please go to the Small Entrepreneurs Health Insurance section.
Choosing the best health insurance for your needs means making an educated decision and understanding your individual preferences. And who will be insured under this scheme? However, ask yourself: Does anyone in your household have other coverages? Sometimes you may actually be able to conserve cash by having different members of your loved ones cover different parts of your loved ones under two or more separate schemes.
Unless you have capital in the account, you may want health insurance with a lower excess. Keeping a saving buffer large enough to allow for a higher excess if needed may help you find a lower cost per month scheme. For regular visits, it may make good business sense for you to increase the amount of your payment in order to keep the co-payment for your practice appointment and the excess low.
A higher co-payment scheme may be less expensive per months if you seldom go to the physician. What did you spent on health in the past year? It is important to know what you are spending on health and whether you are expecting to be spending at the same rate. In the case of recurrent expenses (e.g. for prescribed medication), make sure that the scheme you choose provides the benefits you need at an affordable price.
Do you have the right to group health insurance? Self-employed people in most states buy health insurance on their own to buy single and multiple health insurance policies. Some states may, however, allow individuals with commercial licences to buy small companies/group schemes, even without people. In some cases, a small business/group scheme may be a more affordable alternative than single and multiple household schemes.
For more information on group health insurance, go to the Small Business section of this manual. Check with your local Department of Insurance to see if you are eligible for group health insurance. So if you regularly take prescribed medications, make sure you find a schedule that will cover prescribed amounts at a co-payment stage that you can affordable.
When it is possible that you or your partner may become pregnant, make sure you know how much you would have to put in your own pockets for your motherhood work. Indulge yourself in health insurance for small businesses that you earn.