Healthcare Health Insurance
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Healthcare health insurance, provided by an employer, is one of the few perks available to you at affordable rates. At the same time, there are individuals who run their own business from home, with no health or disability coverage. If you are a part of this group, it is a scary situation to be in. The bottom line is that if you have a home-based business, you just cannot afford not to have health insurance at all. After all, you are so dependent on your venture that if you lose your health, everything goes downhill. However, there are ways to solve this problem, whatever your circumstances are.[br]
As a home-based business owner, you have three basic options:
Spouse Coverage: If your spouse has health coverage from his/her employer, use that as a primary coverage option. It provides better and less expensive coverage than you could normally get on your own.
Group Health Insurance: The good news for you is that an increasing number of companies are offering group health plans for “groups” of one. This varies by state, so you will need to do some homework to land a suitable deal.
Individual Health Insurance: These plans are suitable if you do not have any pre-existing medical conditions. This category of insurance is subject to medical underwriting so your state of health will be taken into account while determining whether to accept your application. Of course, the fact that you are able to get into a good individual plan is one thing. Doing so affordably is another proposition altogether.
Reduce the Cost of Healthcare Health Insurance[br]
There are several ways of reducing your healthcare insurance if you are a home-based business owner. Some of them are discussed here:
· Reduce the level of coverage. If you are a relatively healthy person, you do not need to incur the extra expenses on expensive prescription medications and physician visits. Once a year consultation will be sufficient for you.
· Opt for a higher deductible plan to save on the cost of premiums.
· Pay your premiums annually instead of monthly or quarterly to avoid service charges and check the processing charges, if applicable
· Become a member of an association and take advantage of a group health insurance plan. Check out your local chamber of commerce, various trade and professional groups and, small and home business associations for member benefits. Many offer access to discounted health insurance.