Health insurance?
need a good policy and agent, self employed...
need a good policy and agent, self employed
 Bradley S |
Since you are self-employed, you might consider enrolling in a “qualified” High Deductible Health Plan (HDHP). This is health insurance with high deductible amounts, so it costs less than traditional health insurance. Under federal law, the minimum deductible in a HDHP plan is $1,100 for an individual and $2,200 for a family. The maximum deductibles are $5,500 for an individual and $11,000 a family. The main advantage of an HDHP is that you can shelter up to $2,850 for an individual or $5,650 for a family per year from state and federal taxes in a Health Savings Account (HSA). Depending on your tax bracket and where you live, that could save you as much as $2,971 in taxes per year, assuming a combined tax rate of 52.6%—9.3% in state income tax (California), 28% in federal income tax, and 15.3% in self-employment Federal Insurance Contributions Act (FICA) tax. The contributions you make to an HSA are yours to keep, rolling over each year. The funds are not taxed, provided you use them to pay medical expenses or withdraw them after age 65. The funds earn interest on a tax-deferred basis. Think of it as an IRA that you can use to pay out-of-pocket medical expenses. When you combine the low monthly premiums with the increased buying power of your tax-free HSA account to pay deductibles, you could be far ahead with an HDHP. To find a qualified HDHP, contact a health insurance broker. A broker works with several health insurance companies and can find the best deal for you. To find a broker in your area, log on to a website like http://www.healthinsurancewiz.com and fill out a form requesting a quote. Your info will be sent to a broker in your area who will contact you. There is no charge for the service and no obligation to buy. Good luck! |
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 daveguy48  |
Well, everyone needs health insurance. One problem that arises quite often is that people are looking for the cheapest insurance available. When looking, don't only look at the cost. Be sure to look at the benefits, copayments, and coverages that each plan and company provides. I actually found a site that has an article on this issue called "The Value of 'cheap' Health Insurance". The link to the article is http://www.finance-your-life.com/?p=26 Take a look. It also has some links to some reputable insurance companies where you can get free quotes. Happy Thursday Dave |
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Zarnev |
You'll need the good agent first. An independent agent will be able to find the best policy for your situation and budget. The plans and premiums are the same using the agent or not. |
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 mbrcatz  |
Start with the local guy that writes your business insurance. If he can't do it, ask for a referral to another local guy that can. |
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 Frank |
I would ask other owners of businesses in the area for recommendations. There are good agents and some very bad ones. If you are not insuring any employees besides yourself, you may have to try to get individual coverage. I am in Ohio, and each states regulations are different on who can get what... |
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 reena r  |
In India no doubt LIC... Speak to a agent in your country |
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