Self Employed High Deductible Health Insurance

If you or someone you know is self-employed and want to know an affordable health insurance plan, then a high deductible health insurance plan is the way to go.  Why a high deductible health insurance plan for a small business owner?  It is the cheapest and most effective way to get high quality health insurance.

Being self-employed means keeping track of your companies finances and day-to-day operations.  Why should health insurance be any different?  Why pay higher premiums for lower quality care that costs more?  A high deductible health insurance plan allows for you control your own health care costs and services.  No longer are you stuck with certain doctors because they only accept this type of insurance, no longer do you have see if your health insurance covers this medications or this treatment.  Best of all no longer do you have to pay those high premiums when you do not even spend a nickel on health care in the entire month.

Speaking of cost, a high deductible health insurance saves a bundle to those that do not spend much money on health care every month.  I mean sure you have to out of pocket a lot of the small stuff like doctor’s visits, small treatments and medications, but in the long run you are saving month to month because you do not have to pay those high premiums.  As a small business owner you know the meaning of a dollar and hard work, so why pay more when you are still covered for that catastrophic illness or injury.

Just because you pay for the small stuff in a high deductible health insurance plan does not mean you are expected to pay for the times when a catastrophe happens.  The whole point of health insurance is to protect you from those catastrophic moments when you do not have enough money to pay for the treatment.  However, most insurance companies will try to sell you expensive high premium health insurance which covers everything from a scratch to a hip-replacement.  As a small business owner you know you need to limit your risk, but at the same time you need to think about savings, a high deductible health insurance plan for small business owners is the perfect match.  I would go so far as to say that a high deductible health insurance plan is a small business owner health insurance plan.

In conclusion, if you are self-employed a high deductible health insurance plan makes perfect sense.  However, there are some drawbacks.  A high deductible health insurance plan is really tailored to those who find do not have many medical expenses.  This means a high deductible health insurance plan is perfect for those that know they do not visit the doctor’s office very often, or buy many medications in a given year.  If you are a small business owner looking into high deductible health insurance, I have a few words of advice.  Make sure you are a healthy individual, you do not spend too much on health care in a given month or year, and you are comfortable paying a high deductible if something catastrophic were to happen.  By running through that check list you are on you way to having a truly customized health insurance for small business owners. As a self employed individual myself, I have a high deductible plan. It runs me about $150/mo.