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UNDERSTANDING TYPES OF HEALTH COVERAGE

 

• Self-Employed Health Insurance
  
  If you are self-employed, you may be thrilled by the prospect of controlling all aspects of your business. One area that should not be overlooked, however, is the need for self-employed health insurance. Since you don't work for an employer, there is no health insurance plan option in place for you.
  
  In addition to securing self-employed health insurance for your protection and to save you money from the cost of doctors fees and health expenses, you can also use the expense as a tax write-off.
  
  While self-employed health insurance can be costly, compared to the cost of doctors bills and the expense of procedures or a hospital stay, the peace of mind from a comprehensive health insurance plan is invaluable.
  
  Benefits of Self-Employed Health Insurance
  Since self-employed health insurance is an expense of your business, health insurance costs are tax deductible, up to 100%. This is a big plus since self-employed people don't get any of the discounts that a company is afforded with health insurance. In other words, there is no group health insurance rate available to an individual self-employed person. This allows you to deduct your health insurance premiums.
  
  When you set up your self-employed business, you don't want to forget any of the important details. Protect your most important investment yourself with a self-employed health insurance policy that provides comprehensive coverage in the event that you need medical attention. An individual health insurance policy is available that will meet your budget and health needs.