Get Group Health Insurance As A Self Employed

If you are self employed, you can save money if you know how to get group health insurance for self employed people. Group health insurance keeps insurance premiums more affordable by spreading the risk over a larger group of people. Group health insurance is available through many professional associations like unions, trade associations, alumni associations and other membership associations. You can also check with your state government for a "public option" group health insurance plan for self-employed people.

Types of plans

Group health insurance usually includes 2 to 3 options. These options include a high deductible plan with a health savings account, a preferred provider option (PPO) and a health management option (HMO). The options costs range from least expensive to most expensive.

If you are relatively healthy and have no ongoing prescription costs, consider the high deductible health plan with the health savings account. This plan will allow you to save money in a tax deductible savings account for future expenditures.

If you run your business as a corporation or limited liability company (LLC), you can take advantage of tax deductions. There are also new proposed laws that are being considered that will help make insurance more affordable for self employed people. If you would like to help, write or email your local, state and nationally elected representatives to have your voice heard.

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