Did you know, that you can save money on your High Deductible Health Plan? Open HSA (Health Saving Account) today - more info

Health Insurance for Self-Employed. Health and Dental Insurance for self-employed.

If you have ever been sick or injured, you know how important it is to have health coverage.
The term health insurance refers to a wide variety of insurance policies. These range from policies that cover the costs of doctors and hospitals to those that meet a specific need, such as paying for long-term care. Even disability insurance—which replaces lost income if you can’t work because of illness or accident—is considered health insurance, even though it’s not specifically for medical expenses.

Individual insurance is a good option if you are self-employed. Many insurance companied offer individual health plans, family health plans and health coverage for students.

Consider becoming a member of professional organization or club. You may be eligible for members benefits, including health coverage and dental coverage.

Buying individual insurance allows you to tailor a plan to fit your needs from the insurance company of your choice. It requires careful shopping, because coverage and costs vary from company to company. In evaluating policies, consider what medical services are covered, what benefits are paid, and how much you must pay in deductibles and coinsurance. You may keep premiums down by accepting a higher deductible. If you are self-employed - the insurance premiums are 100% tax deductible.

Dental insurance for self-employed are often cost prohibited. High premiums, long waiting periods and poor coverage makes dental insurance unpopular among self-employed. (Note: When insurance companies sell health insurance policies to the large employers, dental and vision insurance are part of the package, therefore no waiting period). There are many dental plans available for individuals and self-employed. The premiums are low, but you are limited to the number of dentists in your area who accept your dental plan. The cost for dental work is usually pre-determined, but the quality is not always the best. Dental plans usually means loosing your regular dentist - most self-respected dentists do not accept dental plans  - only dental insurance. Dental insurance is usually part of your employee health benefits, when you are a full time employee. Waiting period is usually waived. For the individuals and self-employed waiting period for any dental work starts from 6 months and up to 24 months. Even if you keep the same dental insurance company - you will start from the scratch.
 
COBRA is wise option to conceder, if you or your dependants have chronic medical condition, need prescription medications, pending dental work. COBRA premiums are reasonable. Again, the premiums are tax deductible, if you are self-employed.

Do not overuse the emergency room. Often, people do not know what to do, or do not want to wait for an appointment, so they rush to the ER. Emergency room care cost six times higher, than same care in the doctor's office.