Health insurance for the self-employed
You don’t want to gamble with your health. Medical costs continue to increase at a bewildering pace and without adequate health insurance you might not be able to afford the medical treatment you might need. If you are admitted to hospital the costs become truly scary. You don’t need to risk it when you can protect your financial interests with appropriate health insurance. If you have a small business in Barron County, are self-employed in Osceola WI or work as a consultant in Polk County WI, the chances are good that you are not part of group health plan.
Community Insurance helps small business owners and self-employed individuals with affordable health insurance plans. These plans extend include major medical, supplemental plans as well as advantage plans. Options also include HAS (health savings account), disability income protection and group plans.
As a self-employed person you have to maintain a certain minimum medical cover or you could face a tax penalty. This is normally by way of coverage purchased from an insurance company or Medicare coverage. The main thing is if you want to avoid a penalty you must ensure that your health insurance is ACA compliant or counts as minimum essential coverage.
Essential health care coverage should be affordable and available. This means if you can afford the health plan you cannot be denied coverage. You can also not be declined for renewal irrespective of your health status. Minimum essential health must also cover certain essential benefits.
When it comes to health insurance there are many options as well as rules and regulations. All these options, rules and regulations can be bewildering for the man in the street, so it makes sense to discuss your options and requirements with your insurance agent or broker.