Self Employed Business of One

One of the new changes with the health care reform bill is the categories each individual is placed when they begin to shop around for adequate self-employed health insurance. There is no special category for the self-employed and freelance entrepreneurs and that in itself does present a major difficulty. Unless you have a wife, sister, close friend, or another individual who is sharing the business with you, you will be charged a higher rate for even a low-cost health insurance policy.

The main difficulty is that even though you may be a self-employed entrepreneur, the government does not recognize your accomplishments concerning any affordable health insurance policy. You are then treated as a single individual and therefore relegates to an individual health insurance policy. Even if you are completely healthy and have no pre-existing conditions that you are aware of you will pay the higher rate for self-employed health insurance.

Just as the individual health insurance policy is at a higher rate, it is because there is no way for the health insurance provider to judge as to your past medical history. Unlike any of the group health insurance that is more affordable, you might want to consider the few options that are available to you.

One of those options is to consider enrolling with the health insurance policy of a spouse who may have access through a current employer. A second option is to recruit your spouse or a friend into your business to increase your opportunity to a better serving self-employed health insurance option. The third option is to visit with your local Chamber of Commerce and discuss your requirements with the other small business operators and self-employed individuals.

There are many times when individuals who are self-employed can purchase the group health insurance that is offered through the Chamber of Commerce. The average monthly cost for health insurance will be expensive, but not as expensive as trying to acquire an individual health insurance policy.

In some states, there are provisions for businesses of one person, allowing the self-employed to access group health insurance coverage. While it may take some time to explore these alternatives, the benefits of finding a comprehensive and affordable health insurance plan will outweigh the effort. Making sure you’re well-covered will not only protect your health but will also safeguard your financial well-being, giving you peace of mind as you focus on growing your business.