Buying your own health insurance when you are self employed can be a little daunting. Self employed health insurance rates do tend to be a little higher than those you would find in a group health insurance setting. The insurance company has to charge higher rates to individuals because they have no large pool of group members to spread the costs over. That said, it is not impossible to find good quality health coverage for self employed individuals.
One of the best places to start when you are seeking individual health insurance is with a local or national organization that caters to small businesses. These organizations make a point to find health insurance options for small business owners and self employed individuals. Sometimes a large organization can create group insurance plans that self employed individuals can join so that they get the benefit of lower premiums from a group plan.
Self employed health insurance rates vary from state to state. Much of the difference has to do with your local state’s premium structure. Some states allow insurance companies to charge premiums based on an individual’s medical history and age, while others require agencies to charge the same rate to everyone in certain age groups, regardless of medical history.
As with every other aspect of being self employed, finding the right insurance is something that requires a little research and some legwork. Look online for the average self employed health insurance rates for your area, and begin to narrow down your options as you dig into the specific coverages that are available. When you feel confident that you understand the coverage options, call an agent to make an appointment. It is possible that a health insurance agent may be able to find you an even better rate when you explain your specific situation to them personally.
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