Being self employed is great. You don’t have to worry about hours, dress codes, or making a daily commute. You do still have to worry about healthcare though. Self employed medical insurance isn’t hard to find but good rates are. It’s not really that different from normal insurance.
Most medical insurance plans for official businesses are sold at a bulk rate and have catches. They only cover certain things, after a certain period of time. Sometimes they won’t cover anything at all if you have one tiny little preexisting condition. Like the businesses they provide for the only thing they are after is money.
But when getting medical insurance for a work at home business, you usually go with the standard health insurance for individuals. Unless you are making a health insurance plan for people that work under you. In this case you would find a decent and reputable company to sign up with. Most good companies offer discounts for small business health insurance.
In this case it’s best to find the best price to coverage ratio, as not getting enough coverage can be detrimental to the process. But getting everything can be a little expensive. In either case just make sure you do your research. Being prepared is essential when going insurance hunting.
As far as why you need to get it, it’s a very good idea to give benefits to your employees. This can be quite a drain financially but the last thing you want is someone whining that you didn’t offer it. Of course they will also whine if you don’t offer the best kind either. Basically you want to offer the best that you can afford to keep your good employees.
Getting self employed medical insurance plans is getting tougher these days. It seems like all these insurance companies want to do is cater to bigger businesses. Although the amount of small independent businesses is growing. Be watchful for those who are out to just take your money.