Pennsylvania health insurance plans for the self-employed are affordable. Starting your own business does not mean you have to take the risk of being uninsured. Self-employed Pennsylvanians have many options for buying high quality health care coverage. We represent the very best health insurance providers in the state, such as Highmark Blue Cross Blue Shield, Independence Blue Cross, Keystone, Aetna, UnitedHealthcare, HealthAmerica, Capital Blue Cross, Celtic, Geisinger and Assurant.
Perhaps the most popular and cost-effective option is to purchase a Pennsylvania Health Savings Account (HSA). Although most self-employed Pennsylvania residents are not aware of HSAs, this type of coverage will reduce your premiums, and allow you to save for future medical expenses on a tax-free basis. You can also terminate the policy at any time and change to a different type of plan.Each of the large insurers in the state offers this type of policy.
What is an HSA?
An HSA is an alternative to traditional health insurance. HSAs allow you to pay for current medical expenses, and potentially accumulate money in a tax-favored side fund. You own and manage your money and decide how funds are invested. A catastrophic health insurance plan is created with the HSA. Although this plan will pay for preventative coverage at 100%, most other expenses are subject to a deductible.
Pennsylvania HSA plans also provide Network-negotiated repricing discounts that will reduce your out-of-pocket costs on expenses that are subject to a deductible. These discounts can be quite substantial, especially for lab tests and X-rays.For example, a typical lab test that costs $150 could be discounted to about $25, or less.
How much does a Pennsylvania HSA cost?
Rates vary, depending upon your zip code, ages of family members and existing health conditions. For example, for a family of three (husband and wife ages 40 and one child) in the Pittsburgh area, an HSA would cost approximately $315 per month (United HealthCare HSA with Family $5500 deductible). Highmark also offers very competitive HSA rates.
Other Pennsylvania Self-Employed Options
Another option that will substantially reduce premiums is a “catastrophic only” policy. Coverages are limited to major medical items, but rates are generally hundreds of dollars less (per month) than a conventional comprehensive policy. Preventive benefits are still covered at 100% on this type of policy. Although prescription coverage is limited, the savings in premium usually offsets the lack of benefits.
As the recognized experts for Pennsylvania self-employed health insurance, we'll find high quality health care at the lowest available rate allowed by each carrier. To compare the best choices, please provide your zip code at the top of the page. You can also call us at (888) 513 6446.