Self-Employed Workers Need Insurance

Self-employment can be a great time for someone wanting to Work for themselves and not have to punch a time clock or answer to someone else’s demands daily.

It also presents some challenges that need to be addressed.

Health insurance is something that all people need to think about. When you’re self-employed, it can be very difficult to find a good health insurance plan. In the US, there are more than 40 million people classed as self-employed.

The Affordable Care Act is now in effect and it’s mandatory for millions of self-employed  people that don’t have a health insurance plan to either obtain one or pay annual fees for not having insurance. Health Insurance is a necessary investment especially for those who may have chronic illnesses or family to think about. There are thousands of health plans to choose from and deciding where to purchase a plan or what to include in a policy can be very confusing.

Laid off or Retired?

Many people have been laid off from permanent employment due to the economy in recent years. For some people, they may be able to remain on the company health policy that they had through a previous employer yet they will have to pay a much higher monthly rate than when they were employed.

For retirees, many companies will offer health insurance after retirement but the pricing is usually far higher than they were paying when employed. Usually when someone retires, their health benefits seemingly retire with them.

For those who are self-employed but have a spouse who works and is able to get a family health insurance plan, they should really consider doing so. While premiums on a family plan may be high, they usually tend to be less expensive than individual policies. Having an employed spouse can be an advantage when it comes to being able to have quality, affordable health care.

Choosing a Company

There are some Insurance Companies that have excellent Health Insurance for self-employed workers. One of those is Aetna. Aetna offers health insurance plans for individuals as well as families and has a wide array of plans to choose from. From medical or dental to vision and even short term disability and prescription only plans.

Another well reputed company is United Healthcare. For self-employed Individuals residing in the U.S., United Healthcare has many options and pricing available.

One more company, and also one of the largest and well-known in the United States is Blue Cross Blue Shield. They have been in business since 1929 and offer several health plans that are geared specifically toward self-employed individuals. They also offer a full line of family plans at fairly competitive, yet affordable pricing. Blue Cross Blue Shield also offers short term health policies that go along with pre-tax health savings accounts.

You Really Need a Good Plan

When you have family, making sure they have quality, affordable health care is a wise decision. Whether someone has a chronic illness, accident or onset of an unexpected illness, health insurance can be the difference between life and death. Accidents and unexpected illnesses can cost extremely high amounts when one has to pay out of pocket, so ensuring that a good health plan is in place will not only save money, but will give the peace of mind of knowing all will be taken care when those situations arise.

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