The Importance Of Having Texas Health Insurance When Self-employed
There is a common perception that working as an employee for a business is not very enjoyable
. Whether or not that is true is debatable. However, there are two distinct advantages that employees have over people who are self employed; a regular paycheck and access to health insurance. About 26% of the people who live in Texas do not have health insurance and many of them are self-employed. Cost is the most common factor as to why these people go without. However, as an independent business owner it is important that you find money in the budget to obtain even basic Texas health insurance.The primary reason is that when you do not have a medical plan, you are one illness away from bankruptcy. The cost of medical care is atrocious and getting treated for a simple disease, like the flu, can cost several hundred dollars. If you contract a catastrophic disease or get into a horrible accident requiring a hospital stay, you will be on the hook for the entire bill. Also, regardless of what you think the county hospital does NOT provide free treatment, thats only for the poor and yes, they will check out your ability to pay. Unless you have hundreds of thousands of dollars on hand to pay for medical expenses, it is well worth the effort to find Texas health insurance that you can afford which will help protect your finances.
You have a several options available to you when it comes to securing Texas health insurance. If you are leaving a corporate job to strike out on your own, you can continue under your employers group coverage. COBRA is a federal law that requires employers to allow employees who leave the company to continue with their health insurance coverage for up to 18 months. The only caveat is that you must pay the premiums which can be pretty steep. But it will do while you are looking for your own insurance.
The best type of medical plan that you can purchase is an individual health insurance plan from a private company. The benefits of this type of plan are that it is portable and you will continue to be covered for as long as you pay the insurance premiums. If you decide that self-employment is not for you and you go back to a corporate job, you will still be covered under your own plan.
The only disadvantage of buying your own Texas health insurance policy is if you have a pre-existing condition it can be hard to find an insurer to cover you. It is best to work with a health insurance agent who can help you find the best policy for your unique medical needs. Most brokers work with many of the providers in the state and most also know the underwriting requirement well enough to lead you towards the company that most likely will approve you for coverage.
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