How does medical insurance for self employed people work?
Choosing the best health insurance for self employed individuals depends on the insurance company and personal situation and requirements.
In addition to individual and family health insurance plans, some providers also offer specific self employed medical insurance policies or private healthcare for small businesses.
Others like WPA for example offer discounts on health care plans for self employed people and in some instances, this also extends to their families.
So with WPA, self employed customers receive a 20% discount that is extended to family health insurance too.
Health insurance options for self employed people are at the end of the day similar to any private healthcare plan. You choose from the following 3 core elements than add additional services as required:
- In-patient cover
- Day-patient cover
- Out-patient cover
The majority of plans offer inpatient care but you may need to upgrade to a slightly more comprehensive health insurance plan if you also want day and out-patient support.
How much does self employed insurance cost?
Again the cost of healthcare for the self employed will depend on the level of cover you choose, your age and your health if you choose a medically underwritten rather than a moratorium plan.
Once you have decided on the cover you require, you can tweak your plan to reduce your monthly payments by:
- Paying a higher excess which is the amount you are happy to pay towards a health insurance claim
- Reducing the number of hospitals you are happy to be treated by
- Agreeing for the NHS to treat you if it can take place within 6 weeks
- Paying money towards your treatment
To ensure you choose the best self employed insurance in terms of price and cover, compare quotes or get the experts to do it for you by clicking on the ‘get a quote’ button below.