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Self Employed Health Insurance

Making the decision to go into business for yourself can be enormously exciting. No more bosses, no more driving to the office, no more obligatory water cooler conversation, etc. However, one catch to this seemingly perfect employment situation is finding your own health insurance now that you don't have a HR department to take care of it. The good news is that finding self employed health insurance isn't as difficult as you may think.

Self employed health insurance is designed for people who work for themselves either from home or from a small office space that they do not own or rent but that they use as an independent contractor. Some self employed health insurance plans include cover for one other employee, partners, and children (if applicable). There is often a cap of five people that can be covered on a self employed health insurance plan. Often times, self employed health insurance providers require you to have a minimum number of people on your plan in order for them to offer certain benefits. Some plans may not even be available unless you have three or more people being covered.

When you're self employed, it is very important to have health insurance cover. When you work for yourself, any time spent dealing with sickness or injury is money being lost. With a self employed health insurance plan, you are able to take advantage of private medical insurance treatment. This means that you're able to choose when and where you're treated, which can be crucial if you've got deadlines and meetings that you can't miss. There are even some self employed health insurance plans that provide a service that will notify your clients if you're incapacitated for any amount of time.

Here are a few tips to help you on your way to finding the best self employed health insurance:

  • Try to remain under your former employer's health insurance cover while you're searching for you self employed health insurance. If you do this, you'll be covered during this transitional period when it's important to be at your peak health in order to get your business up and running.
  • Try not to get sucked in my perks that are offered by different companies because they will end up costing you more than they're worth. Many companies will offer you perks like health club memberships, massage therapy cover, and other unnecessary things. While these perks may sound appealing when you're discussing cover options, they may not seem as appealing when you're paying obscene health insurance bills down the road.
  • Consider not getting basic cover for check ups and preventative visits.