Sunday, May 1, 2011

What is a good health insurance company for self employed workers?

Need a major medical plan with low payments. No ads, please. Just experience.
--------------------
You should strongly consider an HSA or Health Savings Account. It combines a High Deductible Health Plan with a Savings Account. The cash in the savings account is used to pay for your medical expenses up to your deductible then the insuance policy kicks in. Routine and preventative care is covered at first dollar so that doesn't eat into your cash account. Best yet, the money goes in tax advantaged, grows tax free and can be spent tax free so long as you use it on medical expenses (until your 65 then you can use it on anything tax free....it becomes just another retirement account). If you want to use it on something other than medical expenses, you just pay the tax on it. Best yet, YOU own the account and can take it to whatever employer you want or keep it yourself. If you don't want an HSA, I would consider an Individual Market health plan. Assurant Health is a good company in the IM market. They have very innovative products.
Source

No comments:

Post a Comment