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Self Employed Health Insurance
By selfemployedblog | February 6, 2006
Click here to get a free health insurance quote. Medical coverage for self-employed individuals is expensive. There are however a few options and a tax deduction as well. If it is just yourself, you can opt for a standard individual policy. If you have a family, there are family policies as well. The premiums are much higher for self-employed individuals, but some good news is that the premiums can be tax deductible. If you have 2 - 50 employees, you may qualify for group health insurance which may be more practical and beneficial for your business.
Another option is to start a health savings account. This type of account provides tax-free savings while allowing you to set aside money for medical emergencies. Discuss your options with a health insurance specialist, research quotes online or find discounts. There are even some organizations that cater to self employed individuals. Health insurance for the self employed can be challenging but it’s better to have it than not.
Topics: Self Employment |