Pa self employed health insurance is available to residents of Pennsylvania at very affordable rates. If you are self employed, live in Pennsylvania, and pay for your own health care, most of the bigger insurers in the state provide low cost plans that will provide the coverage you want at a price you can afford. Small busines owners can easily find competitive options that could potentially save thousands of dollars each year. And usually these options are much mess than COBRA rates.
At Pahealthinsurancecoverage.com, we specialize in providing affordable Pennsylvania health insurance to self employed individuals and families. Many individual plans are available from top carriers such as Independence Blue Cross, Blue Cross Blue Shield, Highmark, Keystone, UnitedHealthCare, Aetna, HealthAmerica, Assurant, Geisinger and Celtic. We’ll take the time to examine your specific needs and recommend the plans that provide the coverage you feel you need.
Perhaps the most popular and cost-effective option for self employed health care coverage is a Health Savings Account (HSA). An HSA is a tax-advantaged savings account that is combined with a qualified high deductible health insurance plan (HDHP). As an alternative to traditional health care, current health, dental and vision expenses, along with future qualified expenses, can be paid for on a tax-free basis.
The HDHP portion of the Pa Health Savings Account is simply a catastrophic policy that is issued by a health insurer. The plan must be “HSA-eligible” and typically will provide 80%-100% coverage once the deductible has been met. Preventive benefits such as routine annual physicals, mammograms, colonoscopies and children’s wellness visits are not subject to the deductible. Other expenses will receive a “Network negotiated discount,” that will lower the out of pocket costs. These discounts are usually 10%-25%. However, selected expenses may receive discounts up to 80%.
Self employed persons may contribute to an HSA with after-tax dollars and take the “above-line” tax deduction. However, contributions to the HSA cannot be made on a pre-tax basis and deductions cannot be taken for SECA purposes. Also, your tax filing status (separate or joint) does not affect contributions. Any contributions deposited into the account do not necessarily have to be used the year the deposit was made. You can wait quite a few years and still have access to your money.
Catastrophic health insurance plans are also available that are not HSA-eligible. Many Pa self employed persons utilize this type of coverage to keep premiums extremely low. While major medical claims are covered after the deductible, typically there is very little (or no) coverage for office visits and prescriptions. Deductible options usually range from $250 to $10,000, with $2,500 and $5,000 being the most popular choices. Preventive benefits, however, are provided without having to meet a deductible.
If you have a pre-existing condition, you may still be able to obtain coverage. Most minor conditions do not cause a denial of coverage. A combination of serious conditions could be a reason to be concerned.
We understand the challenges of looking for affordable health care when you are self employed and we’re committed to helping you find the plan that best meets your needs. If you would like to instantly view and compare the best available plans, simply click on the “Get Instant Quote” button at the top of the page. You can also talk to us live by calling (888) 513 6446.