Self Employed Health Insurance - Tips For Getting Cheap Health Insurance When Youre Self Employed

If you're self-employed and facing high health insurance bills, there are a number of things you can do to make your health insurance premiums cheaper once you find a good health insurance plan. Some involve opting out of certain coverage, others mean increasing the amount you'll pay out of pocket for expenses. There are also discount health plans that you can join which will offer you cheaper fees for the services that you use. All involve taking on some of the risk for insuring yourself onto your own shoulders.

Eliminate Coverage for Routine Office Visits for Cheaper Premiums - If you're healthy, have few prescriptions and no children, a catastrophic health insurance policy can be all the coverage that you need. The premiums to cover you just in the event of an accident or unexpected illness are among the cheapest you'll find - well under $100 a month for an individual. Shop online for the best rates you can find. In many cases, you can apply online and be insured within 24 hours.

Increase Your Deductible to Save On Premiums - A deductible is the amount of money you'll pay out of pocket before your insurance company takes over payments on your bill. If your health insurance plan includes a deductible (not a co-payment), you can often make your monthly premiums cheaper by increasing the amount of your deductible. While you'll pay more out of pocket if something does happen, it's far more affordable than going without health insurance because you can't afford to pay the monthly premium.

Pay Your Premium Annually for Big Discounts - If overall savings are your goal, you can often get the cheapest rate on your health insurance by paying for the full year at one time. Most health insurance companies will substantially discount your health insurance premium if you pay it all at once.

Open a Medical Savings Account - MSA's are the government's way of helping to make health care more affordable for people who work for themselves or in a small business. A Medical Savings Account allows you to put a certain amount of your earnings into a tax-deferred savings account to cover the cost of medical expenses. By combining this with a cheap high deductible insurance policy, you pay fewer taxes on your MSA earnings, and use them to pay the deductible on your health insurances if it becomes necessary.

Take Your Health Insurance Deduction - When you file your taxes, be sure to take your health insurance deduction. Even if you don't itemize all expenses, you can deduct up to 70% of your health insurance costs from your income when you file your taxes.

To view our recommended sources for health insurance, or to read more articles about health insurance, visit: Recommended Health Insurance Companies Online.

Carrie Reeder is the owner of eZerk, an informational website with articles and the latest news about various topics.

Businesses can take heart that insurance premium increases will be ...
Bizjournals.com, NC - 7 hours ago
Area businesses are bracing for another increase in health insurance premiums as budget season approaches. The average increase will be in the neighborhood ...
Harry and Louise are back, still worried about health care Bizjournals.com
Businesses keep an eye on the workers’ comp legal landscape Bizjournals.com
Rockets retire ‘It’s Time’ to run with ‘Get Red’ Bizjournals.com
all 157 news articles

Gustav victims face insurance worries
USA Today - 1 hour ago
As victims of Hurricane Gustav's fury turn to their insurance companies for help in recovering from the wind and water inflicted damage to their property, ...
How to file a State Farm insurance claim Daily Comet
STORM UPDATE: Insurance info; now with State Farm claims office ... The Daily Advertiser
Louisiana Insurance Commissioner to Visit Farmers Insurance Mobile ... MarketWatch
WBXH - The Times-Picayune - NOLA.comall 30 news articles

Be aware of the limits to FDIC insurance
Palm Beach Daily News, FL - 2 hours ago
By GAIL LIBERMAN Amid a rising number of bank failures, experts want you to fully understand the FDIC's convoluted rules about exactly what its insurance ...
How to determine your bank's financial health Los Angeles Times
FDIC’s Sheila Bair says tough times still ahead Bizjournals.com
UPDATE 1-US credit problems far from over - FDIC's Bair Reuters
Housing Wire - Los Angeles Timesall 42 news articles

ABC News
Construction insurance must for firms
GulfNews, United Arab Emirates - Sep 5, 2008
Owners need to realise the importance of a sound insurance strategy at the very beginning of the project. It minimises the possibility of potential gaps in ...
Katrina Citizens Losing Insurance Cases On Appeal InjuryBoard.com
Gustav may cost $10b in insurance Xinhua
Prudential shares rise along with insurance stocks Forbes
MarketWatch - Wall Street Journalall 644 news articles

Cover story of general insurance products
Economic Times, India - 6 hours ago
The good news is that most of the general insurance products being offered in the market today have sufficient cover for all kinds of perils that arise out ...
Insurers see big biz in political risk cover for big cos Economic Times
all 4 news articles

Loan insurance secures dependents
Economic Times, India - 2 hours ago
This has been further boosted by the upsurge of insurance companies in the private sector. They provide an important solution - security of repayment of ...

Amalgamated Insurance Is Moving to Westchester
New York Times, United States - 22 hours ago
By CHARLES V. BAGLI Amalgamated Life Insurance, a company founded by union textile workers in Greenwich Village 65 years ago, is moving its headquarters and ...

Cities, civil rights groups tussle over police liability insurance
USA Today - Sep 5, 2008
By John Fritze, USA TODAY Organizers of the Republican convention were required by St. Paul, city officials to purchase a $10 million insurance policy to ...

MSN UK News
Prison data lost
Scotsman, United Kingdom - 3 hours ago
It was reported the hard-drive contains names, dates of birth, National Insurance numbers and Prison Service employee numbers. The full article contains 81 ...
Computer firm loses prison staff data Independent
Prison officers' data missing The Press Association
Personal details of 5000 jail staff lost Times Online
BBC News - ShortNews.comall 212 news articles

Canada.com
Could Florida Survive the Big One?
TIME - 2 hours ago
It's got the nation's most dysfunctional property insurance market, a byproduct of life in harm's way. Fitch's ratings agency concluded in March that if a ...
Video: Hanna, Ike and Josephine: Triple Storm Threat AssociatedPress
Insurers Urge Floridians to Prepare Now as Numerous Storms Line Up ... Insurance News Net (press release)
Business owners get ready for Ike Bradenton Herald
The Daily Record - Disaster News Networkall 5,180 news articles

Wind Chimes and more...

Windchimes for great gifts!

How Is Your Auto Insurance Policy Price Determined?