Self-Employed and Disability Insurance

Self-employed entrepreneurs worry so much about finding affordable health insurance for themselves and their family members. This is a growing problems and living in New York it is difficult. You would think with all the possible insurance companies that reside in the New York area it would be easier to acquire medical insurance, but it is not.

There are so many decisions to make and insurance companies to research. One of the best ways is to call and ask for a brochure or booklet so you can quietly go through what they have to offer. You can also go through the internet if you have the time that is and research each of the available companies for a variety of issues as explained through the following.

1.               Annual premium coverage for small business with a few employees

2.               The cost of a policy with a high deductible

3.               The cost of a policy with a low deductible

4.               The cost of drug coverage benefits

5.               Hospitalization and a variety of dental benefits

6.               The waiting period for pre-conditions

7.               Co-payment options per office visit

Most small business health insurance policies are so expensive that many must give up and refuse the coverage. However, through the group insurance an individual is again privilege to the opportunity to buy into a group plan that is much more affordable. The average individual in their twenties, thirties, and even forties will be able to access an individual health insurance policy for well under $1000.00 a month, which for a New York resident is interesting and appealing.

What is negotiable is whether the deductible is going to be low or high. Something else to consider is the disability insurance for the small business owner because like unemployment benefits, disability benefits are not an automatic for the small business entrepreneur. Individual disability insurance will cover many options.

Again though, like health care policies the monthly premiums for disability also vary depending upon what you are trying to purchase. There is much to consider and it will take some time to gather all the information. Most of what a disability insurance policy will do for the individual are the following.

1.               Coverage for most if not all daily expenses incurred

2.               Coverage for most if not all routine monthly bills

3.               Coverage for most if not all of your auto payments and insurance premiums

4.               Coverage for most if not all of your weekly groceries and transportation