People who run their own business like manufacturing factories, marketing companies and other private ventures could secure themselves by opting for self employed health insurance.
In case of sudden death of the proprietor, this policy will ensure that neither the business nor the insured's family gets financially burdened.
If you are self employed, it is more likely that you would have take loans to fund your business.
As we all know that life is uncertain, and accident, illness and death can come your way anytime.
In such situation, your due loans and unpaid debts could become your family's liability.
You could avoid this by choosing a reliable self employed health insurance which will cover the cost of your funeral, and also take care of your debts, mortgages, loans and any other expenses.
Usually, most of the businessmen make sure that they are completely covered, but if you do not fall in this category, then you are certainly taking a big risk.
There is no best time then now to buy a policy that protects you and your family.
You could either contact your financial advisor or lookup the internet to get information about insurances that can be of help.
A thorough research on policy providers and the benefits they offer will get you a good deal.
Once you are done with your research and satisfied with what you've learnt, then you could shortlist a few companies to check on their quotations.
Comparing the prices offered by self employed health insurance companies will also help you get the best policy.
You'll be able to save a lot of money on tax if you have a good health insurance plan.
Generally, all such plans cover all your medical bills like medications, hospitalizations and other related ones.
All you are required to do is file a claim with your policy provider and they will do the needful.
However, it will cover only those illnesses for which you are insured, anything out of it would be your own responsibility.
There are mainly two types of health insurance policies.
This first type of policy requires you to pay regular monthly premiums and get admitted to the hospitals, which are associated with policy provider.
Although the options are limited, you could have the insurance company pay all your bills without you having to worry about anything.
They'll ensure that right from the time you are in the hospital and back home, all your medical expenses are taken care of.
The other kind of health insurance plan is where in you'll first have to pay your medical bills and later file a claim for it to be reimbursed to you by the policy provider.
If you hold this kind of policy, highly referred as fee for service, then you have a wide options hospital and doctors to treat you.
There is not restriction and it is more flexible when compared to the former one.
Thus, while you choose a policy, it is recommended that you find out what are its terms and conditions.