Copyright © George Kissi

http://gkissi.payitforward4profits.com

Health insurance is not cheap, and with premiums continuing to skyrocket alongside the price

of health care, the outlook is not bright. For the self employed, the issue of health

insurance is one that hits right in the wallet. Since self employed individuals are unable

to qualify for group discounts offered to large companies, then the cost of self employed

health insurance becomes of foremost concern. Deciding on what type of self employed health

insurance to choose depends a great deal on the current state of your business and how you

expect it to grow in the next few years.

If your business is run solely by yourself (i.e. no partners or employees) then you are

certainly in the toughest self employed insurance situation. That is because the most

expensive insurance rates occur for policies that are granted to only a single person.

There are two reasons for this. First of all, small groups or individuals are not able to

collectively bargain with the insurance agency. Insurance agencies are more likely to offer

favorable rates to those who are willing to bring in many policy holders at once. Another

reason is that the more people who are insured by a single policy, the more the risk is

spread amongst all policy holders. This lowers the risk for the insurance agency and allows

them to offer more favorable rates for coverage.

If you expect your company to grow in the near future to include employees or partners, it

is probably a good idea to consider purchasing temporary health insurance. Temporary

policies are not as robust as permanent coverage, but they can get you through until the

time comes that you can qualify for a group discount.

Fortunately, Congress has noted the plight of self employed individuals. Now, most of the

costs of self employed health insurance are tax deductible, and other legislation is pending

that should ease the burden further.

Sources
http://www.healthinsuranceindepth.com/other-self-employed-insurance.html

About the Author: After working in corporate America as a Software Developer for Five

years, George Kissi is now a professional day trader and networker. He coaches and mentors

individuals seeking to start their own home based businesses. This is a dream for him to be

able set his own schedule and write his own check. George Kissi resides in Dublin, OH with

his beautiful wife Sonya and daughter Qiani who’s four, son Omari who’s three, and daughter

Imani who’s seven months old.
—————————————————————–
To find the best home based business ideas and
opportunities so you can work at home visit:
http://gkissi.payitforward4profits.com
—————————————————————–

Source: High Quality Article Database - 365articles.com