Choices Of Self Employment Health Insurance Plans

2007-11-09 05:11:17

( Insurance )



If you are self-employed, self employment insurance is one of your single greatest expenses. You must pay for all insurance including self employment health insurance. Even if you are in perfect health, you should obtain self employment health insurance. If you think about it, costs you would incur even for minor illnesses and injuries are greater than you expect.

The right time to get self employment health insurance is at the start of your self employment or even before you leave your current employment. As is often the case, insurance is relatively cheap and easier to obtain when bought before problems emerge.

You can find a wide array of self employment health insurance plans available in the market today. But you have basically two choices of plans, and these are traditional plans and managed care plans. The best self employment health insurance plan for you is dependent on how much in premiums you can afford to pay, your health history, the plans available in your locality and which ones will accept you, and how much control you want in choice of doctors.

Traditional Plans

Traditional self employment health insurance plan is a fee-for-service where you have the option to go to any doctor or hospital of your choice. The plan also allows you or your physician to file a claim to the health insurance company for reimbursement of medical costs. But it will pay only for care that your plan covers and is medically necessary to the patient.

Managed Care Plans

With managed care self employment health insurance plan, you do not have to pay for every service you receive separately, since coverage is already paid for in advance. This type of plan is usually less expensive than the traditional self employment health insurance plan. The drawback is that your choices of hospitals and physicians are limited.


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