Archive for August 19th, 2008
Tuesday, August 19th, 2008
Individual Health Insurance
Image Source:www.individual-health-insurance-quote.com
If you are freelance or your company does not tender health
insurance, you may not have admission to group insurance. You may,
however, be able to pay for individual coverage directly from an
insurance company. When you buy your own health insurance, you
will be accountable for paying the entire premium rather than
sharing the cost with an employer. You should shop around to find
a plan that fits your needs at a price that you are eager to pay.
Most self-employed personnel are able to take away their health
insurance premiums from their Federal taxable income, providing
them with an important tax saving. Most States also offer similar
tax preferences. If you are self-employed and buy individual health
insurance, you should confer with a tax advisor to find out if you are
eligible for this deduction.
Insurance plans differ greatly from one company to another and,
within an insurance company, from one plan or product to another.
Some plans have multiple products from which you can
choose; read vigilantly through the “fine print” to be sure you
appreciate the various choices.