The Best Health Insurance Options for the Self Employed

It takes a lot of research, good information and solid knowledge of the system to really get affordable or advantageous self-employed health insurance. Did you know that according to the Consolidated Omnibus Budget Reconciliation Act (COBRA) you have the right to continue with the same kind of insurance after giving up a corporate job? You can continue to pay premiums at the level of the group rates you previously had for up to 18 months after leaving your job. I Buy This Mercedes SLK R170 windscreen

If you want to benefit from this kind of self-employed health insurance according to COBRA, you should inquire for details, rights and benefits with the US Department of Labor. The self-employed has to pay for the policy in full, which means that there will be a huge difference from the price tag paid with the employer. On the average, an employee only pays 28% of the monthly premium, as the rest is covered by the company. There is one thing you can do to limit the level of the premiums. The Most Efficient Stretch mark Remover in Seattle & Lynnwood

You can contract a less comprehensive health insurance plan in the period that precedes your departure from the company, which means that the rates will be lower. Get whatever you find cheaper in order to have a lower self-employed health insurance premium according to the COBRA coverage. Once you no longer enjoy COBRA benefits, you have 63 more days of health insurance coverage provided that you find a new policy during this interval. I got This Wind Restrictor For my Car

The problem of the self employed health insurance could be solved if you have a working spouse and you can join his/her plan. This appears more rewarding financially speaking, and the premiums are often lower than the COBRA option too. Don’t make any decision unless researching it well. This means that you have to compare as many health insurance plans as possible in order to get good coverage for decent money.

Then, a plan with a higher deductible may allow you to make some savings in the tax-free health account. If you don’t get reimbursement by the health insurance plan or you have extra medical expenses, you can use the money in this savings account to pay for the treatments. More money can be saved if your business grows and you start hiring employees. Small businesses can get you a better form of self-employed health insurance than an individual plan.