Health Insurance for the Self-Employed – Protecting Your Business’s Greatest Asset
Health Insurance for the Self-Employed
– Protecting Your Business’s Greatest Asset
© 2002 Elena Fawkner
“I’ve been considering quitting my full-time job and getting a
part-time job that would pay the bills [so I can start a home
business] … The one biggie my full-time job provides me now
is health insurance. If I was to get a part-time job, I’d probably
have to pay for my own health insurance and I know that can
be expensive.”
https://www.progressystems.pl/
Like Jason, who sent me the above email this week, many a
dissatisfied employee would chuck in their full-time J.O.B.
(just over broke) for their part-time home-based business in
a heartbeat if not for one thing. Employer-provided health
benefits. It’s a biggie, no doubt about it.
Undeniably, employer-paid or -subsidized health benefits
are one of the few real perks of working for someone else.
In fact, surveys have shown that, for employees (especially
those with families), paid benefits are hands down the most
important element of their compensation packages.
And there’s no shortage of people already running their
own home businesses with no health or disability coverage
at all. Scary. After all, if you’re dependent upon your
home business as your sole source of income and you
lose your health, you lose your livelihood as well.
Bottom line? If you run a home-based business you can’t
afford not to have health coverage of one form or another.
Here’s how to make it happen, whatever your
circumstances.
BASIC OPTIONS FOR THE EMPLOYER OF ONE (YOU)
You have three basic options when it comes to health and
disability insurance.
=> Spouse Coverage
If your spouse has health coverage from his or her employer,
as a general rule, use that. It probably provides better and
less expensive coverage than you could get on your own.
=> Group Health Insurance
