Health Insurance For The Self Employed

Health Insurance is commonly used to describe about any program that helps to pay for medical expenses.There are many type of health insurance such as privately purchased health insurance,social insurance and non-social insurance.We have got many companies and firms across the world to provide health insurance for the self employed.These companies use various common plans such as "health coverage," "health care coverage" and "health benefits" etc.

In this article is mainly focused on health insurance for self employed.

In technical sense health insurance is used to describe any form of insurance that provide protection against the cost medical services.In fact in modern life health insurance has became a necessary for each and every one.Heath insurance providers have various plans that covers from an individual to all family members.

Now lets understand two important terms of health insurance for self employed

Public health care coverage

This program mainly covers insurance for senior citizens.This policy also helps for low-income children and families provided that should meet certain eligibility requirements.Medicare is a public health care coverage that has age limit of 65.Low income individuals also have some policy in public health care coverage.

Private health care coverage

Private health insurance may be purchased on a group basis (e.g., by a firm to cover its employees) or purchased by individual consumers.I think it is the best policy of health insurance for self employed.Most individuals have private heath insurance received through a employer-sponsored program.About 60% of Firms are covered by an employer,while about 9% purchase health insurance directly.

Health Insurance For Self Employed

Employer-sponsored health insurance is paid for by businesses on behalf of their employees as part of an employee benefit package.Almost all companies provide heath insurance for their employees.Employees have to pay some premium on monthly or yearly basis.So is for the self employed person insurance will mainly provided by the organization where they are working.Also Insurance for self employed can be purchased directly.

The employer typically makes a substantial contribution towards the cost of coverage.Typically, employers pay about 85% of the insurance premium for their employees, and about 75% of the premium for their employees' dependents. The employee pays the remaining fraction of the premium, usually with pre-tax/tax-exempt earnings. These percentages have been stable since 1999.