How to Purchase Self Employed Health Insurance

If you are self employed one of the most important and potentially costliest expense you will have is personal health insurance. Health insurance is expensive enough when you work for someone else, but searching for self-employed health insurance can be overwhelming. Follow these steps and make getting health insurance as a self-employed person a little bit less daunting.

Difficulty: Moderately Easy

Instructions

1. Determine your financial and current health situation. Can you afford a low deductible but higher rates, or do you need lower monthly payments and gamble with the high deductible? Make a list of pros and cons to determine whether you'll risk the big deductible.

2. Consider a plan that has a high deductible and take advantage of a tax-free health savings account. Your premiums will be lower on your self-employed health coverage. And you can withdraw the money when you need to pay for medical bills that aren't covered by your health insurance.

3. Search the web for reputable companies that sell self-employed health insurance policies. Enter a few details and in turn you'll get a quote. The different companies will be ranked based on several factors to allow you to make an informed decision.

4. Get a health insurance agent. He will provide quotes for self-employed health coverage and answer any questions you may still have.