Health Insurance: How should the young and healthy self-employed deal with health insurance

How should the young and healthy self-employed deal with health insurance?
How does one search for and evaluate health insurance policies if s/he is young (20s) and self-employed.

What would it cost per month? What are the major points to be considered when selecting insurance?
Insurance - 8 Answers
Random Answers, Critics, Comments, Opinions :
1 :
You need a trusted adviser to help you through the process of purchasing health insurance so that you understand what you are purchasing. Ultimately, you are the one who determines the affordability of your health insurance plan by deciding how much you will participate in sharing the cost of your health care with your insurance company. You decide what the right balance is between affordability and policy benefits. If you choose a plan that covers everything i.e. doctors office visits, prescription drugs, preventative health benefits, maternity coverage as well as low deductibles, low co-pays and optional vision and dental benefits your monthly premiums will be significant. On the other hand because you are young, healthy and don't often use the health care system you could consider a plan that covers only the major health catastrophe. If that is too scary consider a plan with a higher in hospital deductible, higher co-pays for doctor's office visits and perhaps not cover prescription drugs.. Either of these approaches will result in a lower monthly premium. You then can use the monthly premium savings to pay for the occasional doctor visit or prescription and still come out ahead. Check with the agent that writes your home or auto insurance he/she can provide you a health insurance proposal that takes into account your budget and health status. They can answer questions as to what is and is not covered by the policy, explain deductibles and co-pays and show you the hospitals and doctors that participate in the network. Ask the agent about Health Savings Accounts. A HSA may be right for you. Some are going to suggest you go to their web site so that they earn a few pennies on a "click through". Some may suggest going on line to get a quote but you probably already know that there is much more to health insurance than price. Some might even "pitch" a discount plan that is not insurance at all. Use the Internet to educate yourself but use an agent to purchase the coverage.
2 :
Seek out an insurance broker that handles individual health insurance plans. Discuss the options available and get quotes. Then you can make an informed choice.
3 :
What it costs, depends on what coverage you buy. Maternity costs extra - a LOT extra. A basic, high deductible, major medical plan, if you're healthy with nothing wrong, will probably cost a 20 year old less than $100 a month. A good low/no deductible plan with maternity, about $500 a month. You probably should sit down with a local agent, who can help you pick the best plan for YOU.
4 :
First thing she want to do is find a broker in her state by searching for "(your state) health insurance broker" and they'll be able to help. The fact that she's self-employed has nothing to do with the equation.
5 :
Common situation you met like many other people,be patient,and check the resource here http://www.HealthInsuranceIdeas.info i found useful.
6 :
healthplans.bebto.com - my family have this health insurance. It is affordable and has good coverage for dental issues.
7 :
You want to find an agent you trust. They will search all health insurance companies in the state for a plan that is best suited for your needs. They should be willing to take the time to understand your needs and goals. The market is changing so fast it is helpful to have someone who is educated in the laws and changing products. There is no additional commission paid when you use a broker. If they are charging you one get a new agent! Commissions are built into the insurance.
8 :
Work with an independent agent based in your state that will compare several companies/plans. Also consider a HSA compatible plan that will give you lower premiums and the opportunity to better control your costs over time. Stay away from limited benefit or discount plans.

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Saturday, June 16, 2012

How should the young and healthy self-employed deal with health insurance