Health Insurance for the Self-Employed

As the numbers of self-employed individuals rise around the country, health insurance for the self-employed is becoming increasingly popular. Nevertheless, progress is needed before the self-employed have access to the same health benefits as employees of large companies.

In some states, self-employed individuals and those who employ one or more people are eligible for small group health insurance. The benefit of this option is the lower rates of group plans than individual plans. In some states, self-employed individuals with major health problems may be turned down for small group health insurance. Open enrollment pools may be available for these individuals at certain times of the year.

Options for Health Insurance for the Self-Employed

There are specific health insurance plans tailored to self-employed individuals. They usually have requirements for enrollment. For instance, the applicant might be required to have worked for a year; he might need to meet a minimum hour requirement per week; and his business income should be high enough to be reported on your taxes.

There are nationwide health insurance scheme for the self-employed that strive to offer flexible and affordable health benefits, some with group rates. These are called association health insurance plans. Blue Cross Blue Shield Guaranteed Issue is offered in some markets. With this plan, applicants cannot be denied based on illness or health history. You do not have to be self-employed to qualify for this coverage. It all depends on where you live.

You can also choose individual health insurance plans that cover people not affiliated with an employer plan. Although higher in price, individual health insurance payments can be deducted from your taxes. This option might work for you if your self-employment status is preliminary and you have not worked for very long. In this case you might also choose a short-term insurance plan until you meet the requirements for a self-employed plan. Check out your state insurance department web site or visit them for information about your options in your state.

Health Insurance Nexus | US : The US Health Insurance Resource, conceptualized in Dec, 2004, is an online portal which provides up-to-date, pertinent information about health insurance in US. Copyright @2005 Honlyn Limited All Rights Reserved

In no event shall Health Insurance Matters be liable to anyone for any inaccuracies, errors or omissions with respect to the information for any damage arising therefrom or occasioned thereby, or for the results obtained from the use of the information. By accessing this site , you are agreeing to the terms of use .