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This
is fine for people working for another
individual or organization, but many self-employed
people are currently running their own
businesses with no health insurance or
coverage. The danger in this is apparent
if a person’s sole source of income
is their private business venture; if
they lose their health and are unable
to work as a result, they also risk losing
their livelihood. Below is a guide to
the various broad types of health insurance
a sole-trader may wish to consider.
Types
of Cover
Many
employers these days provide their employees
with some sort of health insurance. This
is undeniably one of the few real perks
of working for someone else; research
shows that most employees (particularly
those with families) find that paid health
benefits are the most important element
of their employment packages. This is
fine for people working for another individual
or organization, but many self-employed
people are currently running their own
businesses with no health insurance or
coverage. The danger in this is apparent
if a person’s sole source of income
is their private business venture; if
they lose their health and are unable
to work as a result, they also risk losing
their livelihood. Below is a guide to
the various broad types of coverage a
sole-trader may wish to consider.
•
Spouse Coverage - If your spouse has coverage
from his or her employer, it may be advisable
to obtain cover under that policy, if
it is permitted (many employer programs
cover an employee’s spouse and family
as well as the employee). The advantage
here is that it will more than likely
provide more extensive (and less expensive)
coverage than you could obtain on your
own.
•
Group – Group deals are intended
to provide cover for a number of people
under a single policy, and as such is
often used by employers to provide cover
for their employees. Many group deal providers
issue policies for “groups”
of one; the advantage here is that you
cannot be declined cover on the grounds
of your current medical condition (as
is the case with some other policies).
•
Individual – The final option is
a standard individuals policy. The cover
that you are entitled to may be subject
to your medical condition, and the cost
varies with the amount of cover that you
wish to receive.
If
you are an individual currently operating
without suitable cover, why not take the
next step towards protecting not only
your wellbeing, but also your livelihood.
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Health
Insurance For Self Employed