Health insurance coverage for the self-employed includes a range of health care options, from basic medical coverage to emergency and specialized care. Depending on your health needs, there are individual health care plans offered by many health insurance providers, group plans offered by non-profit, trade or professional organization and health plans with high deductibles usually used by those who do not have regular health care needs.

Individual Health Insurance Plans

Individual health insurance coverage includes indemnity, HMO, PPO and POS plans. Depending on your health, pre-existing conditions (some insurers will not cover those with pre-existing conditions), age and location, monthly premiums can cost $100-$500 or more. Indemnity plans include a deductible that must be reached before insurance coverage begins. This coverage does not require you to see only those within a medical network, however. HMO and POS plans include coverage for both medical and emergency care. To see a specialist under an HMO plan, you may have to obtain a referral from your primary care physician. A copay for medical office visits and prescriptions is usually required. PPO plans restrict which physicians you visit (in-network medical professionals only are covered under the plan), but you can lower monthly premiums by choosing to pay a higher deductible or increased copay.

Group Health Insurance Coverage

Joining a group health insurance plan is one way to keep monthly premiums low. If you spouse has health insurance, consider signing under his. Many professional organizations, alumni associations and freelance organizations offer discount health insurance plans to members. Consider joining one of these groups to take advantage of group coverage. Research trade associations that offer health insurance plans to those affiliated with their industry in the Consumer Action Handbook, which is available online.

High Deductible Health Insurance Plans

High deductible health insurance plans have a high deductible and are best for those who do not need regular medical care. These plans are also called "catastrophic health care plans." Depending on your overall health, purchasing a policy like this can lower your monthly premium, while providing protection against large medical bills. Deductibles range from $1,500-$5,000, which means you will be responsible for paying any medical bills up to that price point. This usually includes medical visits, prescriptions and some out-patient procedures.

Source:

NYtimes.com: Finding Health Insurance if You Are Self-Employed

Moneywatch.bnet.com: Do It Yourself: Best Benefits Plans for the Self-Employed

Finweb.com: Affordable Self Employed Health Insurance Plans For Entrepreneurs

More Information:

National Association for the Self-Employed

Consumer Action Website