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Health-coverage costs are rising past the point where micro-business owners can afford them. According to a recent survey by the National Association for the Self-Employed, 51% of micro-business owners did not offer health coverage to their employees or have it themselves. But there are things entrepreneurs can do to bring their costs down.
Micro-business owners should:
Educate themselves on where to find health coverage, how it works, and common insurance terms
Look into options offered by trade associations, since many offer members discounts on health insurance
Contact their state’s insurance commission for resource guides or information on which companies provide individual or small group insurance in their state
Use the Web to find guidelines on purchasing health insurance and sites that offer free quotes, letting users compare different policies
Become smart shoppers, and buy only the coverage that fits their specific circumstances
Analyze their health risks, and decide which risks to keep and which risks to give to the insurance company
Become actively engaged in advocating for solutions to the health-care crisis by contacting their local, state, and federal legislators
National Association for the Self-Employed
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