Thanks for your interest in NASE, but this page is reserved for members. Please log in above if you are a member or click here to join!
Here is a preview of the article you requested. Please login to view the entire article.
Health Insurance Basics for Micro-business
As a micro-business owner you confront many financial challenges. But none are more daunting - or more important - than finding and keeping affordable, quality health insurance. Saddled with bills for office space, computer equipment, and business supplies, you may be tempted to go without. But before you forgo coverage, consider this: illnesses and injuries trigger half of all personal bankruptcies in the United States. Even a relatively minor accident or illness can cost you thousands of dollars out of your own pocket. Health insurance should be an integral part of your financial protection planning. Shopping for health insurance is often frustrating and confusing, complicated by the fact that health insurers and medical providers have their own terminology. In addition, each state has its own rules and regulations for various products and funding arrangements. However, if you do your homework - the same way you would as if you were buying a brand new home or a car - you should be able to find a satisfactory coverage option.
| Group Health vs. Individual Coverage When it comes to health insurance, it pays to be part of a group. Group premiums are cheaper because insurers spread the risk of claims over a greater number of people. Most group plans are offered as part of a comprehensive employee benefits package, but they can also be purchased through professional associations, trade unions, or churches. Sold directly to you, individual insurance may be a good choice if you’re self-employed and can’t otherwise join an association, or you work for a company that doesn’t offer benefits. |
Group Power
Anyone who belongs to a wholesale shopping club knows you can get a better deal when yo...