Health Insurance Now !

Self employed medical insurance is the issue that is on a lot people’s minds. With so many taking to their own business and leaving their employer many are looking to pay for their own insurance after years of an employer based plan. This can turn out to be very expensive.

You might still have coverage even if you have left your last job. You might have COBRA insurance. This is the coverage that lets people retain their employer health coverage once they have left the employer. The coverage is valid for up to one and a half years.

You might live in a state that lets you continue your coverage for an extended period. So make sure you do not let the coverage expire before you look into that option if your state offers it. This can be an expensive way to get coverage, as you are paying the full premium and do not have a choice in plans.

If you currently have COBRA insurance and are self employed you will be able to sign up for a private insurance plan and will not be able to be denied coverage based on pre-existing conditions. If you don’t take advantage of this, you may have problems finding coverage for any pre-existing conditions.

The main thing is not to let the COBRA coverage expire. But if you do you can still apply for insurance as a self employed person. But expect to pay more if you have a less than clean health record.

Your employer was able to get a good rate on their employees because group plans are always cheaper for the insurance companies to administer and they in total receive more money from the group plan than an individual plan so for them it is a less of a risk. Your individual plan however will be expensive. But if you shop around you will able to find the best coverage at the best price.

As an entrepreneur, you have to provide your own medical coverage by finding the right health insurance for self employed plan. Compare self employed health plans online to find one that has the benefits you need and won’t cost a fortune.