Purchasing Independent Health Insurance

With the workforce full of more entreprenuers and self-employed freelancers than ever before, the need for self-employed health insurance is at its peak. Those who have decided to work from home due to economic changes also face similar challenges, as employer-sponsored health insurance is no longer an option for them.

Purchasing insurance directly can cost a fortune, leaving many to think they must forgo being insured altogether. Others are fortunate to have spouses with good insurance plans that will cover them and their children. But the truth is, health insurance, whether for those with employer-sponsored plans or self-employed individuals, is on the rise for everyone. For those who want to see what is available to them as sole proprietors, there are many possibilities. Doing the necessary research is vital in order to thoroughly understand the benefits and the pitfalls of insurance premiums, and comparing various plans dollar for dollar is the best way to do this.

There are several websites geared toward the self-employed worker, but there are some things to consider: pre-existing conditions can result in a denial of services, and even being a smoker can impact one's eligibility for insurance. If a self-employed individual has employees, some insurance providers will not cover them too, but will do so as a "small business", which can make a big difference. Also, insurance plans can vary depending on the state in which one resides. HMO's offer slightly lower premiums but you must live close to one. PPOS and POS are less stringent in their requirements, and are more widely available in a larger geographic area.

If you have an existing medical condition, and are having difficulty acquiring independent medical insurance, then the Advocacy For Patients with Chronic Illness is a non-profit organization that can provide assistance. The organization will provide assistance in dealing with insurance companies, and fighting for your right to medical insurance. If you are fortunate enough to not have to deal with a chronic illness, but are still looking for assistance in finding medical insurance that is affordable, the website Freelancersunion.org may be able to help. The website works with insurance companies in approximately 30 states to help provide more affordable medical insurance to independent employees.

If you would like more information on benefits or resources that are available to the self employed, visit the website for the National Association for the Self-Employed, NASE.org. The website contains information on numerous topics, including purchasing your own health insurance, starting your own small business, or how to help manage your finances as someone who is self employed.