For self-employed individuals, this type of health insurance is an important component of a successful financial plan.
Self-employed health insurance offers individuals who work for themselves access to quality healthcare coverage that can help protect against unexpected medical costs. This type of insurance also covers their family members and includes plans such as HMOs (Health Maintenance Organisation), PPOs (Preferred Provider Organisation), and POS (Point Of Service) plans.
A HMO is a budget-friendly plan that generally provides lower premiums and deductibles. It’s a great choice if you are on a tight budget. They also provide fixed copays for doctors visits, which is a great bonus. A POS on the other hand is an affordable plan with out-of-network coverage. With slightly higher premiums than a HMO, this plan has the benefit of including doctors out of your network. Lastly, a PPE plan will give you the most freedom when it comes to self-employed health insurance. It has higher premiums than the others, but you’ll be able to see specialists and out-of-network doctors without needing a premium.
Additionally, self-employed health insurance can also provide access to additional benefits such as prescription drug coverage, vision and dental coverage, and even mental health services. It’s important to take the time to research self-employed health insurance options in order to find a plan that is right for you and your family.
Doing so can help you save money, gain access to quality healthcare coverage, and protect your financial future.
What next?
Now that you’re getting clued up with health insurance the next steps would be to find out how much cover you could get & more importantly how much it will cost.
To help with this process we’ve created a Free custom form to get you a quote. Click here and answer a few simple questions. We’ll provide you with quotes tailored to suit your needs.