What is the best health insurance for self-employed?
Although the premiums are almost close to the premiums for many of the existing plans, a certain amount from HDHP premium is channeled to your HSA. To calculate, you pay almost the same premium but when you deduct a certain percentage which automatically goes to your HSA, you still pay a much lower premium. This explains why HDHP is considered as a plan that has lower premiums. This type of plan is most applicable for those who are looking for a health insurance for the self-employed. With HDHP, you can shell out around $2,850 for an individual a year from state and federal taxes in a Health Savings Account (HSA). If you have a family it will cost just about $5,650 annually. Remember that HSA is pre-taxed. Your contributions are your money and add up every year if you were not able to use it. Like a regular savings account, HSA also earn interest on a tax-deferred basis. HDHP plan has a minimum deductible of $1,100 for an individual and $2,200 for a family. While the maximum deductibles are $5,500 for an individual and $11,000 a family. Answer by general public — June 22, 2009 @ 11:32 am 1 CommentLeave a comment |
|
What could be the ideal health insurance for a self-employed like you is a plan that has lower premiums but with higher deductibles than a traditional health plan. Most insurance companies usually offer High Deductible Health Plan (HDHP). To support this, you can also get a Health Savings Account (HSA).
The best plan is one that you can afford and that covers you for the medical expenses you can’t afford to pay yourself. Many people purchase insurance the wrong way and then think that it is too expensive. Insurance is meant to pay for things that are unexpected. When you purchase plans that cover every little expense you may be purchasing insurance the wrong way. If your auto insurance paid for tune ups and oil changes you could imagine how much it would cost. You can have very reasonable premiums if you choose to cover the smaller expenses like check ups and regular doctors visits yourself. Blue Cross Blue Shield of Florida offers many different plans that are very affordable. Call us at 800-946-3303 or visit us on the web at http://www.berlindenys.com
Comment by Gerard Denys — June 23, 2009 @ 1:42 pm