For people who are self employed, it is very difficult to get health insurance with lower premiums and therefore, it serves as a challenge for them because they are not covered or insured by a company or employer like a regular employee does. It is very important to get health insurance for the self employed in order to protect themselves and their families when the need arise. But what are the other health insurance options for self employed? Is it possible to get health insurance for the self employed with lower premiums?

People who are thinking of retiring/resigning or running their own businesses try to preserve their health insurance coverage by extending their employer-sponsored health insurance benefits through Consolidated Omnibus Budget Reconciliation Act of 1985. COBRA allows individuals who are not employed by a company anymore to extend their health benefits until 18 months after they leave the job or position. However, the bad news is since they're not employed by the company, they are forced to pay 75% to 80% of the plan's cost.

One option so one wouldn't pay too much for his or her present health insurance coverage is to look for health insurance for the self employed and it is to buy an individual health insurance. When you have clean family health history, you can have health insurance with lower rates and adequate coverage to protect you and your family as well as your assets in the event of hospitalization or medical care and treatment.

Another option is that if you're married and your spouse is employed and is under a group health insurance, you can easily get family coverage at lower premiums rather than buying it through the private market. By considering these options what are the ways in order to save money on health insurance for the self employed?

1. The Internet is the most convenient tool in shopping for health insurance for the self employed. Ask for health insurance quotes from different health insurance companies and compare them to see if you're getting the best deal. In this way, you can save money on your policy.

2. When you have an existing health insurance policy from an insurance company, always inquire about getting another policy. Most often, they give out huge discounts to people who have different policies in the same insurance company.

3. Always choose to pay higher deductibles. Higher deductibles mean lower premium and saving a good amount of money. When paying your premiums, pay it all at once or one time. Most often, you can save money when you pay one time than when you do monthly.

Looking for health insurance for the self employed can be a daunting task. However, you can always look online for cheaper health insurance through health insurance quotes. It's certainly worth the effort. It is always important for people to have health insurance for the self employed when they're not covered or insured by a company in order to protect themselves, their family members as well as their assets.

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