Donna Said:

What is the cheapest self employed health insurance plan?

We Answered:

One thing that many self employed people do not realize is that they can find a much cheaper individual health insurance plan then they can a group health insurance plan.

Individual plans are much cheaper than group because companies will only accept people onto the plan who are relatively healthy where with group everyone is approved.

Of course, when shopping for the cheapest self employed health plan be sure and shop around and compare offers from many different companies just like when shopping for any other type of plan. Here is some more information on finding the best self employed health insurance plans:

Duane Said:

Does anybody know anything about National Association for the Self-Employed health insurance?

We Answered:

Yes, you can trust the company to pay out what the policy stipulates but the policies are just hospital certificates, not major medical.

Mega, which also goes by the name NASE among other names depending on your part of the country, has a deductible that is per confinement, which means if you go into the hospital 3 times in one year you have 3 deductibles to meet. Most plans’ deductible is per year.

Lifetime maximum for Mega is $1 Million unless you purchase higher limits. Major medical plans are $3 to $8 Million.

Mega, depending on the policy, has an annual maximum per illness of $500,000. Most Major medical have NO annual maximums.

Depending upon the policy, Mega will only pay UP to $500 per day if you are admitted to the hospital. Average daily hospital cost - $3000, Average stay – Three days. For the average hospital stay MEGA will pay up to $1500, you will pay $7500.

Depending upon the policy, Mega will only pay UP to $1500 per day if you are in ICU. Average cost - $8000, Average stay – Two days. For the average ICU stay MEGA will pay up to $3000, you will pay $13,000. Since most people (unless they’re dead) have a hospital stay after the ICU stay you can add in the figures from the previous paragraph.

Doctor visits while you are in the hospital is limited to $50 per visit and limited to ONE visit per day. Average cost - $120, Average number of daily visits – TWO. For the average 3 day hospital stay MEGA will pay $150, you will pay $570.

Ambulance transport is limited to $250 per trip and payable only if you are admitted to the hospital for over 24 hours. If you are transported to the ER and not admitted - no benefits. The average cost for ambulance - $1000. For the ambulance (if you are admitted to the hospital) MEGA will pay $250, you will pay $750. For the ambulance (if you are NOT admitted to the hospital) MEGA will pay $0, you will pay $1000.


Air ambulance is not covered unless additional rider purchased. Maximum benefits with Mega are $3500. Average cost - $12,000. Your bill - $8500.

Many other limitations for: miscellaneous hospital inpatient charges, inpatient and outpatient surgery, routine physicals, anesthesiologist and more. Plus you have to pay the expensive yearly dues.

Here is some information about Mega: http://law.freeadvice.com/insurance_law/…

Gordon Said:

Self-Employed Health Insurance

We Answered:

This is not tax advice and you will need to consult a qualified tax professional but there is no IRS requirement that a sole proprietor must have an insurance plan under a business name in order to be eligible for the self employed health insurance tax deduction (however it is true that you must have a net profit for the year - the deduction cannot cause the company to have a loss).

Of course, a lot depends on the type of entity that your business is set up as (you may not even be operating as a sole proprietor but as an LLC, Corp, S-Corp, etc.) so be sure and check with an experienced Texas health insurance agent.

Here is some more information on small business health insurance options and also some information specifically on health insurance in Texas:

Katrina Said:

How should the young and healthy self-employed deal with health insurance?

We Answered:

healthplans.bebto.com - my family have this health insurance. It is affordable and has good coverage for dental issues.