If you are like most people that are entrepreneurs, sole propriotors or small business owners you need affordable self employed health insurance.  Most people get health insurance through their workplace so if you are on your own and self employed and need health insurance you have to buy your own policy which can be so expensive that most self employed people can’t afford to pay the premiums.

Self Employed Health Insurance

So what can you do if you are self employed and need insurance?

An effective way some self employed people are getting good rates and service are by forming a small group of similar entrepreneurs to get better rates and plans .  By forming a loose union as this, the larger group has more leverage with insurancer companies and can get better pricing  . This method usually has advantages as this however if a member or two of the group has serious medical conditions then the rates of others would be effected detrimerntally.  In that case or if you have no major health conditions or problems you might be able to save money by getting insurance from a company that specializes in helping the self employed who need insurance get coverage.  Sometimes the rates that you will pay from these private companies are high but usually the rates are more affordable than you might think.

A word of advice for many leaving there employers and going into business for themselves is to see if your health coverage can be extended for a period of time. The company sometines will pay some but in any case you can get the favorable rates because of their group. Even if not arranged, your company may have an agreement with the health insurance or even mandated by government in desperate times to provide coverage for a certain amount of time sometimes 6 months or more. Also , if leaving a company voluntarily on good terms so as to run your own business or simply be a home mom or home dad, you may ask to remain on their plan and pay rates yourself.

Being self employed and needing insurance can be scary because you know that if something happens and you get sick or hurt you could rack up huge hospital bills so you should make finding self employed health insurance a priority.