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YoBob's avatar

Any recommendations for health insurance for the self-employed?

Asked by YoBob (12846points) July 27th, 2011

So… not quite there yet, but am close enough to start thinking about early retirement. Surprisingly, income doesn’t seem to be the limiting factor, but rather how to provide medical coverage for myself and my family between the time I walk away from the corporate world and I become eligible for medicare.

Any recommendations for high quality yet affordable medical plans for the self employed?

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7 Answers

Tropical_Willie's avatar

Contact the local Chamber of Commerce or National Association of Self Employed for their recommendations, it may be regional for specific policies.

SpatzieLover's avatar

@YoBob We’ve found Anthem to be the best for our health care when employed and have used it three times during my husband’s unemployment. It is reasonable (in the scheme of things). The reps are good at helping you find the payment/plan that fits your family best.

Good luck with your transition!

Bagardbilla's avatar

If everyone involved is in good health, I’d say you open a personal health saving account (instead of paying an Ins Co.), and put monies away deligently. And for those unexpected times, get only a catastropic coverage with a high deductable. This way you’ll be covered for the unexpected with minimal outlay of cash, force yourself to not go to the Dr. at the first sign of something wrong, and save monies in the long run, (which will grow over time).
Best of luck, and laugh as much as possible, it’s the best medicine! (All the way to the bank ;)

MissAusten's avatar

If you’re all in good health, non-smokers, with no preexisting conditions, ask about high deductible, no copay plans. If you can afford to pay for routine check-ups, sick visits, and the occasional prescription but just want to avoid a huge debt in case of a serious illness, accident, or surgery, such a plan is probably sufficient.

Also, ask about an accident clause. For example, if you or a family member falls off a bike and breaks an arm, the ER visit would have a reasonable copay and not be subject to the high deductible.

creative1's avatar

If your in the US move to MA they offer plans there without some of the issues you run into in other states because they have made it a requirement.

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YoBob's avatar

@creative1 – Can you please elaborate on the issues that making it a requirement in that state have eliminated?

Auto Insurance is mandatory in my state, but that does not make it less expensive nor any less of a hassle should you need to file a claim.

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