5 May 2010 0 Comments

The Self Employed Health Insurance

All the time, people are moving to a new place and finding new jobs or becoming self employed.  If you choose to be self employed you will then find yourself without the health insurance that you once had with through your employer. Becoming your own boss is a position that takes self discipline. Even having a 401k plan will be an added expense and remaining self employed has many features that need to taken into consideration.

Now to obtain your own health insurance you will need to research, compare rates and consider which one is right for you. The group health care as an employee cost you less than now when you will pay for it on your own. If you were a full time worker, then your last employer will offer you eighteen months of Cobra once you terminate your job. Depending on which health coverage you previously had, you benefits might or might not change.

Paying for health insurance on you own can cost about three hundred a month for a single person and up to two thousand per month for a family. There is a tax break for those paying for their own health insurance but having Cobra does not fit in this rule.   

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