Tips that the self-employed should follow while choosing a health insurance plan

Whether you are self-employed or own a business, you should have proper health insurance policy in place. Self employed health insurance policies aim at providing protection to medical contingencies. In some cases, coverages under such policies include long term nursing, disability and custodial care needs. You can purchase such policies from a federal insurer or from a private insurer. This type of policy can be purchased for a group as a whole or by an individual consumer. Here we discuss about some tips that you may follow so as to purchase a cheap insurance.

Continue with your existing health insurance

Suppose you have been employed in a corporate job and had health insurance policy. Now, say that you have quit that job and want to be a self-employed person, still you can continue with that insurance. However, for that what you have to do is to invoke your rights under health provisions in the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1986. By this act, you can leave your job and still you are entitled to obtain current coverage for a period of 18 months at group rates. You are eligible to More >