Florida Self Employed Health Insurance

p>Florida residents that are self employed and lookingemployed person functioning as a sole proprietor in the
for health insurance have a number of optionsstate of Florida then you have a different option open
available to them. Be aware that depending upon yourto you - see option 3 below). The benefit to applying
health, your age, and other factors unique to yourfor a Florida small group health insurance policy is that
particular situation there is no hard and fast rule as tothat certain health issues that can signal an automatic
which option is best for you. However, there are somedecline on the individual health insurance side will not
general guidelines that will help you make the bestsignal an automatic decline on the group health
Florida self employed health insurance decision.insurance side.
The first Florida health insurance option available to theThe downside to attempting to purchase a group
self employed is to simply apply for an individual healthhealth insurance policy in the state of Florida is that it
insurance policy. The benefit to applying for ancan be very expensive. Think of it in terms of: the
individual health insurance policy is that individual healthmore potentially unhealthy people that the insurance
insurance rates in Florida are very competitive.company has to give health insurance to (group health
The downside to attempting to purchase an individualinsurance) the higher the premiums will be as opposed
health insurance policy in the state of Florida is that youto where the insurance company can pick and choose
must be healthy. According to FL law, a healthwho they will accept for health insurance (individual
insurance company can decline your application for anhealth insurance).
individual health insurance policy based on prior medicalThe third Florida health insurance option available to the
history (pre-existing conditions), height and weightself employed is for those that are functioning as a
restrictions, and other health related criteria.sole proprietor. Florida self employed sole proprietors
That means if you have cancer, diabetes, weightcan apply for a Florida guaranteed issue small group
problems, or a host of other physical ailments then youhealth plan. The Florida guaranteed issue small group
will be denied coverage with a Florida individual healthhealth plans has an open enrollment period only during
insurance policy. (Any unscrupulous agent that tries tothe month of August.
tell you other wise is misrepresenting whateverFlorida self employed health insurance can be a
product he or she is trying to sell you as healthsomewhat tricky area to navigate without the help of
insurance when in fact it is probably a discount healtha licensed independent Florida health insurance agent.
plan or a health insurance indemnity plan with veryThere are also many different ways to save money in
limited coverage).taxes - one of which being the ability to deduct your
The second Florida health insurance option available tohealth insurance premiums paid on Schedule C of your
the self employed is to apply for a Florida group healthtax return against and up to your Schedule C income
insurance plan. In Florida, any group of 2 employer(Meaning that even if you don't itemize [Schedule A]
employees or more is considered eligible for a Floridayou can still deduct your health insurance premiums
small group health insurance. (If it is just you: 1 selfpaid all the way up to your Schedule C income!).