subject: Health Insurance 101 for the Self-Employed New Yorkers [print this page] Health Insurance 101 for the Self-Employed New Yorkers
Apart from not having any boss, another perk for being self-employed is getting choose the health care that is particularly for the self-employed. This particular health insurance market is unique because self-emplyed individuals work on a variety of industries and they create their own job. More often than not, these hardworking people, make to the least, a modest income and as everybody else, they do too have various insurance needs. Most business-minded people think outside of the norm so it's important for them to find a medical policy that will suit their medical care needs. Health insurance providers will be able to provide sole-proprietors and self-employed individuals with options depeding on their situation. If you own a business solely by yourself and you currently have a small business, a simple sole-proprietor health insurance plan will be your best option. But if you anticipate your business to expand anytime soon, then you should consider having group plans. This will give you the option of not having to switch doctors when you change to the group health plan equating to lesser headaches for you and more efficiency in your business, at the same time, putting that smile in your employee's faces! When comes to plan types, you get to choose among the same plans that bigger groups choose from. The most common plan design is the HMO. Its popularity is derived from it being a strict policy which limits freedom (you can only use in network doctors and hospitals). Even more common is an EPO, same general restrictions as an HMO though with the added benefit of not having to use a gate keeper. HSA plans are attractive because of its low monthly premiums. However a good plan is dependent on your health care needs.
Unlike in other states, here in New York you can apply for a medical coverage without a physical check up and without being asked for your health information. Also, you cannot be turned down based on health issues you may have. But if you do have a pre-existing you'll have to undergo a maximum of 12 months waiting period for your coverage to be effective.
When shopping around for a plan, it is always advisable and it's best that you personally do your research.It would be good for you to analyze the policy's benefits and have a printed copy. If some things are unclear to you, get in touch with the insurer's customer service representative until everything becomes clear to you. If things go bad, you can get in touch with the New York State Insurance Department or you can alson do a background check on the carriers or check the complaints record.
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