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Short Term Health Insurance
 Short term health insurance is a temporary safety net for those individuals who are not covered under any basic medical coverage policy for a short and definite period. This kind of policy is most beneficial for people who are in between jobs and hence for a short period of time not covered under any group medical policy offered by the employers. Most providers offer these temporary policies for 6 months and extensions up to 3 years. Read on for information on benefits, features and disadvantages of short term health insurance. More..
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Self Employed Health Insurance
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Among the many challenges for the self employed, health care cost and medical insurance is a big consideration. This is especially true for new entrepreneurs who are at the verge of leaving their current job to establish business of their own. Along with the job they also dread losing the security of an employer provided group medical coverage plan. If you identify with this situation and are looking for tips on self employed health insurance, here is a simple guide to it. |
- Tip 1:One of the best ways for the self employed to ensure continual coverage is to extend your group health insurance under the COBRA (Consolidated Omnibus Budget Reconciliation Act). You can get an extension up to 18 months from leaving your job. Although your ex- employer will no longer pay the substantial amount of premium, you can avail of the discounts and benefits of the group health insurance in spite of being self employed.
- Tip 2:Post the 18 months period of being self employed, you would need to apply for a private health insurance plan. This brings up tough challenges for the self employed at times as the providers may deny coverage on various grounds. The best way to deal with it is doing a thorough homework on the many health insurance providers and the coverage plans offered well in advance.
- Tip 3:The health insurance market is extremely competitive and there are numerous options for the self employed to choose a suitable policy within their budget. The trick here is to carry out a research and contact at least 4- 5 reputable assurance providers to get quotes. Once you have the quotes, you can compare the rates and benefits offered in each and then take an informed decision on purchasing your medical policy.
- Tip 4:Many states in USA have created health assurance risk pools which guarantee medical coverage for those who are suffering from certain pre- existing medical complications. A wise idea would be to go for the state sponsored medical plans, which are offered at lower rates than private companies.
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Self Employed Health Insurance