California Health Insurance For Self-Employed
Within the past few years, more and more individuals are finding themselves out of a job on a corporate level so they have quite literally gone into business for themselves. Whether it is as a consultant or as a handyman, every self-employed person needs some type of health insurance coverage. There are a number of ways to go about finding a health insurance plan that meets your needs, but the first thing you need to do is understand what the insurance laws are in your state and how they apply to you, and how they can protect your rights. California health insurance for self-employed insurance regulations are very specific and leave two main options open to you.
Self-Employed With No Other Workers
The first option would be pertaining to self-employed persons who do not have any employees working under them. In this case, laws that entitle small businesses to qualify for group health plans wouldn’t apply to you. You would need to find affordable health insurance that is offered to individuals and families, but you would not get a group discount unless you found a union or workers’ guild that offered a plan through association with them. One area that comes to mind would be a real estate broker. If you hold a broker’s license and have no agents working under you, there is a possibility that one of the real estate associations you belong to offer group benefits by association. The possibility to find health insurance through membership would be the first place to try if you are looking for reduced premiums based on group coverage. One thing to note here is that if you are forced to find individual health insurance coverage, it is 100% tax deductible when filing your taxes each year.
Self-Employed with Employees
Under law, insurance companies cannot refuse to sell you health insurance if you have 2 or more but less than 50 employees based on their rates for small businesses. There may be a few exceptions, but very, very few. But what they can require of you is that in order to qualify for small business health insurance rates, a minimum number (that they establish) will need to carry the insurance. One of the great things about California health insurance for self-employed small businesses with 50 or fewer employees is that they cannot be turned down, whereas companies with 51 or more employees can be refused. This is one of the great perks for self-employed small business owners.
Individual Health Insurance Plans
If you are self-employed and have no employees, your options are limited to individual health insurance plans. The premiums will, unfortunately, be higher so it would pay to shop around and find the company with the best coverage at the lowest premiums. While you might be limited to major medical which only covers in-hospital and emergency situations, there are a number of insurance companies that offer PPO and HMO policies to individuals and families at rates that are quite reasonable. As a rule of thumb, remember that if you want affordable health insurance keep your deductibles as high as possible and try to limit the number of optional coverages wherever possible. Note that preexisting conditions may not affect your ability to buy individual health plans, but they may not be covered for a period of up to two years.
If you are looking for good rates for California health insurance for self-employed persons, the best way to find competitive quotes is online. You can compare quotes from several companies side by side to see which one offers the best rates for the greatest amount of coverage.