If you own your own business, you will have to find health insurance on your own. The good news is there are many health insurance companies that cater to the small business owners, meaning they provide comprehensive coverage for a lower price.
Choosing health insurance when you are self-employed means choosing a plan that fits your needs. When you look at different health insurance plans, you will find that the premium you pay per month has a lot to do with how much the insurance company will pay when you see a doctor or have to go to the hospital. Usually, the lower the premium, the more you will pay for doctor’s visits (co-pay) and the more you will pay in deductibles.
If you are generally in good health, you won’t need to worry much about having high premiums with low co-pays and low deductibles. You can settle on low premiums and deal with the higher co-pays once and awhile for routine or emergency doctor’s visits. Of course, if your situation changes and you find you need additional medical coverage, you can also change your policy once it is up for renewal.
Many small business owners forgo health insurance because they don’t want to endure the extra cost. The risk of not having health insurance certainly outweighs the cost of health insurance. Take care of yourself so you can take care of your business because if you suffer your business will too!
Photo Credit: http://www.flickr.com/photos/webchicken/135200952
Thu, Jun 18, 2009
Health Insurance