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Health Insurance for the Self-Employed

People who work for themselves run the gamut of trades, ages, and incomes. Consequently, there's no one-size-fits-all approach to health insurance for self-employed Americans. You need to evaluate both your current situation and your business's future before you choose a health plan. Here are four of the most common scenarios:

1. You're a one-man (or one-woman!) show, and don't foresee your employee roster growing in the near future. In this case, your best bet is probably a standard individual or family policy. You can choose from both indemnity and managed care plans.

2. If you're working on your own, but see that changing in the near future (whether you'll be hiring more help or expect to be hired by a larger organization yourself), a short-term or gap policy might be a better option. These plans are fairly inexpensive, and you won't have to make much of a commitment. (This option is strictly short-term, however; don't substitute it for permanent coverage.)

3. Health insurance for the self-employed plus a few employees is a more complicated matter. If you employ between 2 and 50 people, chances are you qualify for (and would greatly benefit from) a group health insurance plan.

4. Finally, there's health insurance for self employed individuals who fall somewhere in between, (a business run by you and your spouse, for example). These special situations have to be evaluated on a case-by case basis. Keep reading for more information on how to choose a policy in these situations. One solution is and Association Health Plan, in this case offered by the National Association for the Self-Employed, which offers its memebers access to less expensive health care due to plan costs being spread over all participating members.


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