Health Insurance for the Self-employed
Posted By Administrator
The great thing about being self-employed is you are your own employer. But that means you will shoulder healthcare insurance 100%. If you need to cut down on costs, you can consider the following:
Buy a short-term healthcare plan. This costs less than a comprehensive plan, but is also limited to accidents, illnesses and injuries.
Buy a group plan with other members of professional associations that you are a part of. A group or corporate plan is cheaper than an individual policy, and has more coverage than a short-term plan.
A self-employed individuals health plan is tax deductible. Use it as a deduction on your savings.
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Open a health savings account and save for future emergencies.