So you finally made the move to being self employed, and when you work for yourself you find out about all of the different types of coverage that is available to you. Make sure you talk to a professional and get all the facts about what liability insurance covers.
Getting medical insurance for the self-employed is not impossible, but will be a little harder to achieve than working for a company that supplies your health benefits. If you are leaving a pre-existing job, The Consolidated Omnibus Budget Reconciliation Act of 1985, otherwise known as COBRA, allows workers to extend those benefits for up to 18 months after leaving a job. The down side: employers no longer pay their portion of the plan’s premium, which can be anywhere from 75 to 80 percent of a plan’s cost. By keeping the coverage and paying the employer portion, you’ll likely see a huge difference in what you pay for the coverage.
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