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Health Insurance, medical insurance and individual health insurance plans.

By Mike Yeager

Health insurance is something that everyone needs today. The rising cost of visiting a health care provider or a hospital stay makes it imperative that everyone have some type of health care coverage. Government statistics estimate that over 40 million people in America are not covered by any type of health insurance on any given day. That's an enormous number of people who really are taking a financial risk.

The best information on individual Health Insurance.

While most Americans are able to obtain some type of health insurance through their place of employment, many others, the underemployed, the self-employed and the unemployed simply don't know where to find good, quality coverage at a fair price. The Census Bureau estimates that nearly 15% of the population has no coverage. The long term effects of this are hard to quantify because it means that young children do not see a health care provider unless they are seriously ill. Unfortunately this approach while appearing to save money can be devastating to the long term health of the child.

Health care providers and other experts all recommend that every one have some type of health insurance for the necessary time when they'll need to visit their Doctor or hospital.

About the Author

Mike Yeager
Publisher
http://www.a1-healthinsurance-4u.com/
mjy610@hotmail.com

This article courtesy of http://individualhealthinsurancedata.info/.
You may freely reprint this article on your website or in
your newsletter provided this courtesy notice and the author
name and URL remain intact.

Health Insurance for the Self Employed

By Daniel Lamaute

Health insurance, having enough and being able to afford it, is
one of the most nagging concerns for those who leave corporate
America to run their own business.

Many small businesses have dropped health coverage or reduced it
in the past three years because of rising rates. About 24
million of American small-business employees and their families
are uninsured, according to a study by the Kaiser Family
Foundation.

The Consolidated Omnibus Budget Reconciliation Act (COBRA) is a
federal law that requires employers to allow departing workers
to buy health insurance through the employer's group plan. For
the first 18 months after you leave your employer you may elect
to continue to receive coverage in your employer's group plan at
your expense.

However, the cost of the monthly premiums for COBRA can come as
quite a surprise if you're accustomed to you employer picking up
most of your health insurance tab via pretax paycheck
deductions. COBRA coverage for a family can run $500 a month,
and upwards of $200 a month for an individual.

Depending on which State you live in COBRA may not necessarily
be the best deal for you. Shop around, you may find joining a
short term insurance plan to be less expensive than continuing
your current insurance under COBRA.

One piece of good news for the self-employed - Starting in 2003,
the self-employed health insurance deduction is increased to
100% from the 70% that was deductible in 2002. As a result, if
you work as a consultant, freelance worker, and other
self-employed individual you will be allowed to deduct all of
your health insurance premiums. The self-employed health
insurance deduction is especially valuable because it is an
above the line deduction for Adjusted Gross Income (AGI). This
means that you can take advantage of this deduction even if you
do not you itemize your deductions on your tax return.

Even with health insurance the portion of medical expenses that
has to come out of your pocket can be more than you imagine. If
you have to dip into your retirement savings for certain medical
expenses, distributions from your IRA used for that purpose may
be exempt from the IRS 10 percent early withdrawal penalty.
However, you still will have to pay taxes on the IRA
distribution. Another alternative is to transfer your IRA to a
Self-Employed 401(K) plan and take a loan from that plan. Loans
from a 401(k) plan are tax-free and penalty free as long as the
loans are paid back.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Daniel Lamaute is a retirement plans specialist with Lamaute
Capital. Its website www.investsafe.com covers retirement plans
and other benefits for the self-employed.

This article courtesy of http://individualhealthinsurancedata.info/.
You may freely reprint this article on your website or in
your newsletter provided this courtesy notice and the author
name and URL remain intact.

Cheap Health Insurance rates and personal health insurance.

By Mike Yeager

If you've been out of school for a couple of years or perhaps just graduated from college, you're probably a candidate for cheap health insurance. Once a person reaches a certain age they're no longer covered by their parents health insurance plan. If you're just starting out it's important to find cheap health insurance coverage. If you've just graduated from school or just started work and you don't have coverage, don't be tempted to forgo this necessary expense because you never know when an accident can happen. Most people are looking for modest coverage but also want some essentials. Generally, when a person buys their own coverage, they tend to favor high deductibles to save money on the cost of premiums.

Personal health insurance, Cheap Health Insurance and low cost health insurance rates.

Even if you're on a tight, limited budget, it's very important that you pick up some kind of cheap health insurance. Even if you only have a plan that covers unexpected hospitalization, your peace of mind will be greatly enhanced. Keep in mind that a catastrophic health insurance policy can come with a high deductible before their coverage kicks in. They don't pick up the cost of preventive physician visits or emergency room visits to get a few stitches.

Some questions to ask when considering cheap health insurance.

1) Can your and/or your family afford to pay ALL your medical expenses if you're sick or injured?

2) How much is the deductible?

3) Can you afford the deductible?

With a little searching and comparison shopping you find the best rate for your personal cheap health insurance.

About the Author

Mike Yeager
Publisher
http://www.a1-healthinsurance-4u.com/
mjy610@hotmail.com

This article courtesy of http://individualhealthinsurancedata.info/.
You may freely reprint this article on your website or in
your newsletter provided this courtesy notice and the author
name and URL remain intact.

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