Planning For Affordable Health Insurance When You Are Your Own Boss Or Unemployed

Written By: Mike Miller on December 20, 2009 No Comment

If you are unemployed or self employed it may be easier to get insurance than you think. Finding affordable health insurance is possible but you may not believe it. However you can find an affordable rate and you will finally get the insurance for you and your family you deserve.

It is unfortunate but there are more than forty million people in America that don’t have medical insurance. More than that number does not have dental insurance. Most people who are going without insurance claim it is too expensive and they cannot afford a monthly premium. Some may be because they feel it is a luxury they can go without, especially a single person.

The COBRA plan that you can get when you lose your current job is a viable option for a temporary solution to the issue of not having health coverage. You can also transfer the coverage to your new job in many cases. This is good though the premiums may be higher than you think you can afford but you will be happy to be covered when everything else is stressful.

Trying COBRA though it may not seem necessary is a smart thing to do. It can be out of your price range but look to cut something else out of your monthly budget to do it. This is because if you lose your COBRA you cannot transfer it to your new job. You also will run the risk of losing your coverage on pre-existing conditions.

On average for a family you can expect an average of monthly premiums at around four hundred dollars with a thousand dollar deductible and about half of that with a five thousand dollar deductible. Consider your options when you are looking at these deductible rates. The higher deductible will be for major occurrences, such as a major illness or pregnancy, but you will have it when needed. For a single person you can expect about one hundred fifty dollars a month for a one thousand dollar deductible and slightly more if you include your spouse.

It is recommended by experts that if you have to skimp on insurance to not skimp on coverage. Choose the higher deductible with better coverage as opposed to the lower deductible and less coverage. You want the best coverage available possible in the case the unfortunate occurs. The cheaper companies may drop you when you really need them.

Get at least three quotes from reputable companies that have a sound business history. You can also check to see if the insurance quotes include a network that includes your current doctor. Getting a combination medical and dental plan is good too, especially with children who need to keep up regular dental care.

Use every option you have when you are looking for insurance and do your research into reputable companies. Seriously consider COBRA if you have lost your job to keep up insurance as you look for a new job. Also make sure you consider not sacrificing quality coverage for a low deductible and go for a settle for a higher deductible to keep your monthly rate down yet still have the best coverage when you really need it.

When you go online to discover affordable health insurance it can seem daunting. With so many different health insurance plans you need to get tips to assist you. Find those tips online today!