Being self-employed means that you may not have access to company health insurance plans, but there is health insurance for self-employed professionals that you can obtain. At Charles Newman Co. in Westchester County NY, we take pride in helping self-employed professionals gain access to affordable health insurance policies.
Do You Need Health Insurance?
While you don’t necessarily have to have health insurance, a single health emergency is enough to result in crushing medical debt if you don’t have a policy. Self-employed professionals are especially vulnerable because they may elect to go without health insurance to save money. Even if you are perfectly healthy, this is a mistake you should avoid.
What Are My Options For Health Insurance As A Self-Employed Professional?
The good news is self-employed professionals have several health insurance options to choose from. It’s just a matter of selecting the option that works best for you and your family.
Federal And State Health Insurance Marketplaces
The Patient Protection and Affordable Care Act gives Americans the ability to seek health insurance via federal and state health insurance marketplaces that offer a variety of plans at an affordable cost. These plans cover essential medical services and there are no lifetime caps.
Talk To A Brokerage Firm Like Charles Newman Co.
Another option is to work with a firm like Charles Newman Co. to secure health insurance. We have relationships with five dozen health insurance companies, which means we can help you find the best plan for you. That also means we will do the legwork for you.
Enroll In Medicaid Or Medicare
You might qualify for Medicaid or Medicare. Medicaid is a federal and state program for those with lower incomes. If your income is under the threshold, you may qualify for coverage. Medicare is a federal program for people who are 65 and older or under 65 and disabled. If either of these describes you, you likely qualify.
Enroll In TRICARE or VA Coverage
If you were in the military, you can access TRICARE to find a health insurance plan. There is also VA coverage available, which you can enroll in year-round.
Private Insurance
Finally, you could also directly purchase a health insurance plan from a private insurance company. However, the benefit to self-employed people is not very clear and you may not get all the options that other sources provide.
What Types Of Health Insurance Plans Are Available To Self-Employed Professionals?
Of course, you naturally want to know what types of insurance plans are available to you as a self-employed professional. To answer this question, we have more good news. Self-employed professionals have access to a variety of plans including:
- Short-Term Health Insurance
- Vision Insurance
- Dental Insurance
- Hospital And Doctor Insurance
- Critical Illness Insurance
- Hospitalization Insurance
- Accident Insurance
- International Travel Medical Insurance
Can Self-Employed Professionals Write Off Health Insurance As A Business Expense?
Indeed, self-employed professionals can write off their health insurance premiums as a business expense. This includes premiums paid for yourself, your spouse, and dependent and nondependent children under the age of 27.
What Is The Cost Of Health Insurance For Self-Employed Professionals?
Premiums and out-of-pocket costs for self-employed professionals will vary depending on several factors. These factors include your location, age, and how much you earn. This is the same for any health insurance plan. But with so many plans available, you are more likely to find a plan you can afford. Charles Newman Co. can assist you!
Contact Charles Newman Co. Today!
Charles Newman Co. has years of experience securing health insurance plans for self-employed individuals. Don’t go another day without health insurance for you and your family. Call our office at 914-690-7516 today!
