The freedom of having ones own business, the liberty of being the master of your own self, can be extremely invigorating. However, like every good thing comes with a catch, the freedom of being self-employed is also marred with the anxieties over health insurance. When you are self employed, it becomes even more essential to obtain a low cost health insurance scheme.
The reality is that there indeed is a dearth of low cost self insurance alternatives for individuals not employed under any particular organization. Most of the companies today proffer affordable health insurance options via group health insurance plans.
However, at no cost would it be wise to leave yourself, and your family, without the coverage of any health plan. You never can gauge when misfortune might strike, and it is advisable to stay prepared for adversities of all kinds. Here are some alternatives that you can adopt to acquire low cost health insurance.
Family Health Insurance Through Spouse’s Employer
The most affordable option that is available is to get the whole family insured under any group insurance scheme that might be offered by the employer of any member of the family.
COBRA continuation coverage
The law mandates that your employer provides you with the choice of retaining for the first few months of beginning your self employment, the benefits of the health insurance plan that the company offers. However, you will need to pay the total monthly premium that was previously paid by the company in place of the sum that you needed to pay while you were still in the employment of the company. The actual cost of the family health insurance plan can be higher than what you might expect. However, the necessary premiums are still comparatively lower than that required by most of the individual insurance plans that are available today. Moreover, this security is temporary and you will need to ferret out a suitable low cost insurance plan soon, within the period that you still eligible for COBRA continuation coverage.
Cooperatives Established For Health Insurance
Several global and neighborhood associations of self-employed individuals pool their capacity for purchase and obtain low cost group health insurance plans. Try to find any such organization through the search engines of the internet.
A low cost health insurance plan can be acquired with careful planning and extensive research, so do not lose hope, you are sure to find a policy that suits your need and your pockets as well.
