People who work for themselves in Florida and want health insurance can choose from a number of plans. Be aware that there is no hard and fast rule about which option is best for you. It depends on your health, your age, and other things that are unique to you. But there are some general rules that will help you choose the best Florida self employed health insurance for you.
The first way for self-employed people in Florida to get health insurance is to apply for an individual health insurance policy. Individual health insurance rates in Florida are very competitive, which is a good thing if you want to sign up for one. You can see this for yourself by getting instant quotes for Florida health insurance.
You have to be healthy if you want to buy individual health insurance in the state of Florida. FL law says that a health insurance company can turn down your application for an individual policy based on your medical history (called "pre-existing conditions"), height and weight limits, and other health-related factors.
This means that you won't be covered by a Florida individual health insurance policy if you have cancer, diabetes, weight problems, or a number of other health problems. (Any dishonest agent who tries to tell you otherwise is misrepresenting the product he or she is trying to sell you as health insurance when it is probably a discount health plan or a health insurance indemnity plan with very limited coverage.)
The second way for self-employed people to get health insurance in Florida is to sign up for a Florida group health insurance plan. In Florida, a small group health insurance plan can be used by any group of two or more employers and employees. (If you are the only self-employed person in the state of Florida and you work as a sole proprietor, you have a different option; see option 3 below.) The benefit of applying for a Florida small group health insurance policy is that certain health problems that can automatically get you turned down for individual health insurance will not automatically get you turned down for group health insurance.
Trying to buy group health insurance in the state of Florida can be very expensive. Think of it this way: the more potentially unhealthy people the insurance company has to give health insurance to (group health insurance), the higher the premiums will be compared to when the insurance company can pick and choose who they will give health insurance to (individual health insurance).
The third type of Florida health insurance for self-employed people is for those who work as sole proprietors. Self-employed sole proprietors in Florida can apply for a small group health plan that is guaranteed to accept them. The only time you can sign up for the Florida guaranteed issue small group health plans is in August.
Without the help of a licenced independent Florida health insurance agent, it can be hard to figure out how to get health insurance for self-employed people in Florida. There are also many ways to save money on taxes. For example, you can deduct your health insurance premiums paid on Schedule C of your tax return against and up to your Schedule C income. This means that even if you don't itemise on Schedule A, you can still deduct your health insurance premiums paid up to your Schedule C income.
Visit www.RealtimeHealthQuotes.com to get help from CPAs, CFPs, and licenced Florida independent insurance agents who specialise in health insurance for self-employed people.
