Obtaining health insurance coverage for the self employed in any State can be a daunting task. There is so many sources to choose from. There are several carriers like Humana and United Health Care/ Golden Rule who offer health insurance plans for self employed individuals, students and families with reasonable premiums and deductibles. It is important to work with a licensed independent agent who is licensed with several carriers in your State. A reputable agency like Insurance Care Direct will allow self employed individuals to compare several plans from competing companies. It also allows for easy transitions should it be beneficial to change carriers in the future.
A single claim against a self employed person’s policy can cause a significant monthly rate increase. However, by changing plans to a competing carrier, a self employed individual can oftentimes purchase coverage at a lower rate without sacrificing benefits. A knowledgeable agent will be able to illustrate an affordable plan with relative ease. Additionally, recent legislative changes allow self employed individuals to participate in health savings accounts – also known as HSA’s. These qualified accounts typically are less expensive and will also provide tax advantages.