Who said insurance plans are only meant for only the working class? The self-employed are not left out in doing what they need to do to get the very best health plan for themselves. Most individuals have associated having health insurance to working in an organized organization which is a good one. Hence, you hear conversations like:
‘Wow, you got a new job. Hope you have a good HMO.’ This may not likely occur to an individual who is self-employed.
Also Read: Insurance for Business Owners
You might have found yourself in that situation, maybe you are an entrepreneur or an aspiring one, you do not need to leave your decisions in the hands of someone else. All you need to do is to take charge now. Insurance plans are now available to both salary earners and self-employed individuals. Not all salary earners get offered healthcare benefits in their package, if you do, fine. But if you don’t, you still have nothing to worry about, you are also qualified.
Why should You Consider Getting a Health Insurance Plan?
Good health is everyone’s goal and visiting the hospital is not a favorite sport for many, either holders of healthcare benefits or not. The increasing cost of health in Nigeria has made the trip to the doctor a severe physical, emotional and financial cause of concern. In this light, many self-employed people or small business owners can book for coverage that would protect them against unexpected health events. This will bring convenience, swift access to medical services as well as low cost.
Now you can have coverage, which includes all the same types of care that you would expect.
How does Insurance for the Self-employed Works?
Though most people around the world have their companies take charge of their health insurance, the self-employed should also get familiar with how insurance works before purchasing a health plan.
First, a premium is required. This is the amount the insured pays to the insurance company for coverage of his or her health plan. The premium depends on your pocket, the services, your age, the size of your family, health ground, and location.
Co-insurance is also an option you can look into. In this case, you and your insurance provider have to share the costs of the covered medical services after the deductibles have been cleared. It is usually in a percentage format, here, the insurance company pays after the insurance policy’s deductible has been exceeded. Copayment requires the insured to pay for some services before they pay for the services incurred.
It’s a golden option for many self-employed. Not sure what to do? Here’s a list of how to gain health coverage as an entrepreneur.
1. Private Health Plan
There are healthcare covers that can be purchased by the self-employed: an entrepreneur or small business alike. Companies like Total Health Trust limited offer standardized medical care that can be managed by rules and contracts signed by both parties.
2. Personal/ Family Health Plan
This plan is targeted towards family and personal needs, it is designed to be flexible to meet individual needs by providing the right access to quality health care and effective service. The services you want to be covered will be dependent on the plan, such basic plans include Platinum, Gold, Silver and Bronze.
3. International Health Plan
Travelling is sweeter when you have all things under control. You do not have to be in the corporate world to have this secured. This cover offers a cover worldwide to access international hospitals and get prompt medical treatment when it is needed.
4. Group Health Plan
Are you a manager of a small business or do you want to provide insurance for a certain amount of people? This is for you. The group health plan offers comprehensive health care solutions to guarantee a healthy lifestyle. The plans also vary, they include: Platinum, Gold, Silver, and Bronze.
Your health is important to your life and future. Do more of what makes you healthy. To find out more insure insurance topics, click here.