What is self-employed insurance?
Just as the name implies, we are talking about an insurance policy that is especially created to cover the self-employed individual. The policies are not as common as the regular ones you would find and the process can be a little more difficult than with more known options like the EHIC card
The process is not as simple as getting a job and a health insurance package from the employer. In this case you are your own company so because it is your business, the only person responsible for the insurance package is you. With this in mind, choosing the very best package can be a little difficult. The good news is that there are many different such options. The bad news is that people do not really know what to consider. Self-employed insurance opportunities
You can get self-employed insurance in many different ways. A really common option is to find insurance agents that are specialised in self-employed deals. An agent would bring in all the experience that you need in order to find something that is suitable for you. This does include short-term self-employed health insurance, which can last up to one year. Such an opportunity is normally considered when a business is just opened and only limited coverage is possible.
You can also opt for fee-for-service self-employed insurance. This means that you only end up paying for a percentage of the doctor’s visit costs, with the company covering the rest. You normally end up paying 20% of the costs. A yearly deductible is normally needed and is usually placed at around $600.
PPO and HMO self-employed insurance are options that include co-pays. Individuals pay certain amounts for every single one of the doctor visits. You would only be limited as to what doctors can be visited. Referrals are necessary when seeing specialists. The largest selection in this case is offered when you choose PPOs. Possible tax deductions
Whenever opting for self-employed health insurance, you want to consider the possible tax deductions
. The insurance agents will tell you what is possible and what is not. The really important thing that you have to remember is that you cannot go over the income of the individual.
You want to be patient and you have to think about the different opportunities available. The fact that you are self-employed does not mean that you cannot be protected and have health insurance coverage. Just make sure that you conduct a good research in order to find the best opportunity for you.