Navigation: | Home | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 |
Entrepreneurialism Information Click here for eBay Motors! Get 2 weeks FREE CA Anti-Virus 2007 Accept Credit Cards Get your FREE $250 Cash Card PhotoStamps

This Domain For Sale. Contact us for more information.


Health Insurance for Solo Entrepreneurs


One of the most important benefits employed people enjoy is health insurance coverage. It is also the single most costly expense for self-employed entrepreneurs. So what can you do to reduce ever increasing costs of health care coverage? Here are a few tips.

1. If a medical bill seems excessive, try negotiating

Your doctor or the office manager who handles billing will probably be flexible, provided you make a valid case. When one woman in Texas was charged $900 for surgery and "consultation," she explained that she had visited the hospital just once, for surgery; her bill was promptly cut by $370.

2.. Contact a medical bill "auditor"

Several services have a medical bill "auditing" system that evaluates your medical bills to determine if errors occurred in the billing process. Considering that 97 percent of hospital medical bills contain errors, it's no wonder why out-of-pocket medical expenses are on the rise for consumers. Because the typical hospital bill is extremely complicated, often containing several hundred line-item charges, there is ample opportunity for computer mistakes and accidental human error. Do a Google search for medical bill auditors to find companies offering this service.

3. You may get a tax break on your medical bills

Keep all your medical bills together and add them up at tax time. If they exceed 7.5 percent of your adjusted gross income, you may deduct the excess. Please note that these items also may be included in the total: the cost of eye glasses, contact lenses, physical therapy, x-rays, hearing aids, psychiatric care, insurance and transportation to the hospital or doctor's office (at 30 cents a mile). There are phase-outs in some cases based on adjusted gross income. Check with your professional tax adviser.

4. Deduct 100% of your healthcare costs from your taxes

The IRS allows all self-employed to deduct 100% of health care costs from their taxes by using Section 105 of the Internal Revenue Code. To receive this deduction, you must do the following:

a) Hire your spouse as an employee of your business.

b) Have your spouse receive health insurance in his or her name, and include the family on the policy.

c) Pay your spouse a salary that will cover the costs of the insurance.

d) Talk to your tax professional about planning for Section 105 on your taxes.

We all know your spouse is active in your business. Now, you can equally recognize their contribution he or she makes - and get Uncle Sam to give you a tax break.

5. Help for families with kids -- CHIP

All states have established new programs that help lower income families with children to pay for health insurance for their kids. Financed partly by the federal government, the Children's Health Insurance Programs (CHIP) operate either as an expansion of the state's Medicaid program or a subsidy for basic private health insurance. Eligible families may be able to access coverage for their children at greatly reduced premiums which will vary depending upon family income. Contact your state Department of Health or Insurance for more information.

6. Shop around

Hospital costs vary widely, especially between urban and rural facilities. If your doctor has admitting privileges at more than one hospital, find out if you can be admitted to the one that's less expensive. Keep in mind that hospitals operated by non-profit foundations are usually less expensive than investor-owned, for profit hospitals. To find out how much your local hospitals charge, ask your doctor. Many states have Health Services Cost Review Commissions, which compile such data.

7. Check for free clinics in your community

You and your entire family can save hundreds of dollars by taking advantage of the many free screenings, immunizations, and other health clinics offered by your local community or a town near you. Numerous community hospitals and social services can provide blood pressure checks, shots for your children, free contraceptives and/or advice, and other preventative health care at little to no cost.

8. Get a second opinion out of town

Believe it or not, your chance of undergoing an expensive surgery or preventative procedure may depend solely on where you happen to live. Statistics show that the frequency in which certain medical procedures are performed varies widely from location to location. For example, residents of New Haven, Conn., are twice as likely to undergo a coronary bypass operation as residents of Boston, Mass. What's the reason for this discrepancy? One Dartmouth Medical School expert, John E. Wennberg, M.D., M.H.P., explains that certain operations are simply more fashionable in some parts of the United States than others. So, if you plan to get a second opinion prior to surgery, consider going to a specialist in another city. In addition, try to find out what the surgery rates for your procedure are in different cities. HealthAllies.com also offers this service online at www.healthallies.com. To get the names of second-opinion doctors in your region, call the U.S. government's toll-free second-opinion hotline at 1-800-638-6833.

9. Don't pay double for a second opinion

As you make arrangements for a second opinion, ask your doctor to send copies of your medical records, x-rays, and lab tests to the second-opinion doctor. These tests don't need duplication; your second doctor will have the information he or she needs - and you don't pay double.

10. Emotional stability

Your mental health is equally important as your physical health. Do you have blue days once in awhile, or struggle with gray winters? St. John's Wort, an over-the-counter herbal supplement, has been proven to increase positive moods. Before rushing to your family physician for medication to make you feel better, try supplements with a combination of expressing your feelings with friends and a healthy lifestyle. Mood stabilizers are some of the most costly medications on the market today. However, you should be aware of the signs of stress or even depression. Give yourself a simple screening test:

  • Do you have feelings of sadness and/or irritability?
  • Has there been a loss of interest in pleasure activities you once enjoyed?
  • Have there been changes in your weight or appetite?
  • Have you noticed changes in your sleeping pattern?
  • Are you feeling guilty?
  • Do you have the inability to concentrate, remember things or make decisions?
  • Are you fatigued or have a loss of energy?
  • Do you experience restlessness or decreased activity noticed by others?
  • Do you have feelings of hopelessness or worthlessness?
  • Do you have thoughts of suicide or death?

If you answer "yes" to any of these questions, consider consulting your family physician. If they recommend mental health treatment, it is more cost-effective to have your family physician prescribe mood stabilizers instead of seeing a psychiatrist. However, follow your doctor's instructions on counseling and referrals to mental health professionals.

11. Order your prescription drugs by phone, web or mail

There are many discount prescription drug benefits available for a modest cost. Communicating for Agriculture and the Self-Employed offers a free prescription card through PCS. This program saves its members up to 40 percent at over 55,000 pharmacies nationwide. On average, CA members save $9.39 per prescription order. You can enroll free on their Web site at www.selfemployedcountry.org.

12. Ask your doctor to prescribe generic drugs

Medicine marketed under its scientific name is usually 50 percent cheaper and just as effective as brand-name versions. In addition, look for generic drugs in the medicine you purchase over the counter. For example, 100 generic aspirin may cost $1.79; the same ingredients packaged under a well-known brand name can cost more than $5 for 100 tablets. Consider, also, just how important the new easy-to-swallow products are to your comfort. The lesser price of some medicines may be comparably easier to swallow when thinking about your budget.

13. Get enrolled in a group plan

For self employed people including those involved in small businesses, individual health insurance can be extremely costly - sometimes as much as 30 percent of your take home pay. By joining associations like National Association for the Self Employed (www.nase.org), you have the opportunity to enroll in a group insurance plan with unique built-in cost controls.

14. Choose a higher deductible

Often for the healthy family, the number of visits to the doctor totals less than $250 a year, a normally low deductible rate. This low deduction rate, however, can end up costing you more in the form of higher premiums. If your family has enjoyed good health for a number of years, you may want to switch to a higher deductible of $500 or $1000. You'll notice greatly reduced premiums.

15. Pay premiums annually

You avoid the service fee and may also receive a discount from your insurance carrier. Check with your insurance agent about how much money you can save if you pay your premium one time during the year.

16. Make sure there's a ceiling for out-of-pocket expenses for catastrophic illnesses

About half of individual policyholders lack this important provision, according to insurance experts, who recommend a major medical policy with a stop-loss clause limiting policyholder payout to $2,000 or $3,000.

17. Get educated about your health

Invest in your health by becoming information-rich. Read publications about health care. Pay special attention to free wellness publications like Inside Mayo Clinic at www.mayo.edu/healthinfo/public.html or have on hand a book on medical self-care, like The AAFP Family Health and Medical Guide and The Merck Manual of Diagnosis and Therapy. A wealth of information is also available on the Internet.

18. Take advantage of free health advice

For free information booklets from the U.S. government about nearly every health care topic you can imagine, simply write to the Consumer Information Center in Pueblo, Colorado. The government offers several dozen booklets on topics ranging from nutrition, medical problems, mental health, to drugs, exercise and weight control. To receive a catalog explaining these booklets, write to:

Consumer Information Center
PO Box 100
Pueblo, CO 81009
www.pueblo.gsa.gov (you can download booklets from this site)

Once again the U.S. Government comes through by providing a number of toll free health care information phone services. Topics are numerous, including hearing aids, cancer information, Alzheimer's disease, drugs and pregnancy issues. For information on the health topics and phone numbers, call the National Health Information Center at 1-800-336-4797.

19. Brush up on first-aid skills and become CPR certified.

Proper treatment of various accidents may reduce the number of visits to the doctor, and can save lives in an emergency. It's important to always keep an updated medical kit in your home or office.

Here are the basics for your first-aid kit:

  • bandage supplies, including a roll of 3 inch wide gauze, individually packaged 4 inch sterile gauze pads, a roll of 1 inch bandage tape, butterfly bandage tape, and scissors
  • elastic bandages
  • cotton swabs
  • sterile dressings or towels
  • pain reliever (acetaminophen or ibuprofen)
  • anti-inflammatory medicine (ibuprofen)
  • ipecac syrup (for use on advice of medical professional to induce vomiting)
  • tweezers
  • hydrogen peroxide
  • skin creams, including hydrocortisone cream, calamine lotion and antibiotic creams
  • an antihistamine (diphenhydramine for allergic reactions)
  • flashlight
  • eye patch
  • arm sling
  • tongue depressors (to be used as a finger splint)
  • ice pack
  • re-hydration fluids (such as Pedialyte or Infalyte)

20. Take a lifestyle approach to wellness - every day

Take charge of your health by making simple changes in your lifestyle. By following these seven basic rules of good health, you'll improve your chances of living a long, healthy, active life.

  • Get eight hours of sleep per night.
  • Eat breakfast every morning.
  • Cut down on snacks between meals.
  • Keep within 10 pounds of your recommended weight range. If you're unsure what your weight range should be check with your doctor.
  • Exercise aerobically for at least 30 minutes three times per week.
  • Don't smoke.
  • Don't drink more than two alcoholic beverages per day.
  • Take recommended dosages of vitamins and supplements.

    Copyright 2004, Monikah Ogando, Ogando Associates, Inc.

    __________

    Monikah Ogando is a highly skilled facilitator and charismatic speaker. She continues to inspire her audience through her expertise in Business Development, leadership effectiveness, individual accountability and the values that guide excellence.

    She practices what she speaks: an entrepreneur, Monikah leads her own two companies, consulting firm Ogando Associates and Exodus House Publishers and is a Team Member of Solo-E.com.

    _________

    ***** Find more articles like this at http://www.Solo-E.com - Keeping Solo Entrepreneurs Juiced in Business and in Life. Our team of Solo Entrepreneurs are comprised of small business experts who support others in finding business success with the flexibility and freedom to have a life, too. Network with other freelancers, self-employed and Solo Entrepreneurs in our forums, enjoy our articles and newsletter, and find other online training opportunities. *****


    MORE RESOURCES:
    Business:Entrepreneurialism Articles from EzineArticles.com
    12/24/2021 04:03 PM
    How to Maintain Business Momentum
    Not all goals are equal. The secret lies in setting a goal that will motivate versus one which will defeat you.
    12/21/2021 09:19 AM
    How Do Business Owners Stay Focused?
    Many entrepreneurs think their biggest problem is finding funding. But what those entrepreneurs forget is the demon of distraction.
    12/20/2021 06:01 AM
    How Do You Embrace a Growth Mindset?
    People with a growth mindset believe they can grow. And if you want to succeed as an entrepreneur, a growth mindset is what you need.
    12/20/2021 06:00 AM
    Affiliate Marketing Secrets - What I Wish I Knew Before!
    The so called affiliate marketing secrets are really just things that some affiliates know and others don't. I wasted years as an affiliate making many mistakes which I could have avoided if I had have know better! Here I share some of the "secrets" I wish I had known about before I started on the affiliate journey!
    12/20/2021 06:00 AM
    Autopilot Money Making System - How To Create One
    Is it really possible to create an autopilot money making system which runs completely hands free? Since the early 2000's I became fascinated with the idea of generating an income completely hands free from the internet. After purchasing an eBook, I realised that automated downloadable products could allow a "hands off" income source, and be created from anywhere.
    12/16/2021 09:17 AM
    How Do You Evaluate the Future of Your Business?
    Revisiting a business plan at the right time and adjusting the strategy can save or destroy a business. Here are 5 ways to evaluate your business and your future.
    12/16/2021 09:17 AM
    Affiliate Marketing Mentor - Why You Need One
    An affiliate marketing mentor can help you better understand the steps needed to build a successful affiliate business and earn an income online. A mentor can also help you overcome your own limiting thinking when it comes to building an income online.
    12/14/2021 10:10 AM
    4 Signs That You're Losing Interest in Your Business
    Only time will tell if you're really losing passion for your business. But these questions will help you know, make changes and take your business to the next level.
    12/13/2021 08:47 AM
    Are You Losing Interest in Your Business?
    It's a fact that many people lose the passion for their work. As an entrepreneur, if you don't love what you do, pouring your heart into your business will be difficult.
    12/08/2021 09:40 AM
    How Do You Get Your Business Out Of a Rut?
    Entrepreneurship is not for the weak! The emotional rollercoaster is full of highs and lows. And managing and motivating your team needs a consistent positive demeanor. As a result, having ways to get yourself from these lows is crucial.
    12/01/2021 08:33 AM
    Why Is Momentum So Important in Business?
    If you lose momentum, evaluate what choices made this happen. Doing research will help you undercover the missteps that could be avoided in the future.
    11/24/2021 08:59 AM
    How to Stay Motivated and Excited About Your Business
    As a business owner, you're building your dream. You're putting your mark in a world full of conformity. And it'll take a lot of consistent and constant motivation to move past the hard times. Use these six tips to tap into your inner power and use that motivation to build your entrepreneurial momentum.
    11/18/2021 10:55 AM
    How to Ignore the Haters and the Naysayers
    Whenever you get distracted by naysayers, it's because you've lost focus. All you need to do is remember your goals. Remember who you are and what you want to achieve. Think about your goals and ask yourself if it's worth putting your goals on hold because of what naysayers say. Don't deny yourself the life you should live because of haters and naysayers.
    11/16/2021 11:17 AM
    Are Your Habits In Line With Your Business Priorities?
    We all have regular practices which give us structure. These practices help us remain mentally and physically healthy, and they enable us to approach life consciously. These habits are important every time, and they're crucial in our busiest and most chaotic times.
    11/15/2021 01:49 PM
    Don't Focus on Being the Best, Focus on Being Unique
    In a world where competition is the constant factor, it's hard to differentiate and build your own identity. It's difficult, but it is possible to be unique!
    11/12/2021 10:14 AM
    How to Launch Your Coaching Business
    As you prepare to launch your coaching business, remember it's possible to build a successful coaching business. But you have to believe in yourself and in your idea before it becomes a reality.
    11/08/2021 05:43 PM
    7 Steps to Find and Retain Quality Staff
    Finding and retaining quality staff whether you're hiring employees or contractors, can be a difficult task for many entrepreneurs. There are a myriad of reasons this is true. It takes a focused, strategic approach to hiring and growing your team that will help propel you and your business forward. Apply these 7 steps to find and retain quality staff.
    11/08/2021 05:42 PM
    How to Know If an Opportunity Is Right for Your Business
    To become a successful entrepreneur, you need to know how to detect unique and good opportunities. Also you need to test and execute them more efficiently than your competitors.
    10/28/2021 10:26 AM
    Why Your Mindset and Beliefs Impact Your Business Success
    What do the world's most successful entrepreneurs have in common apart from successful businesses? The answer is, the right mindsets. Mindset together with consistent action is the key to achieving and maintaining momentum.
    10/26/2021 02:36 PM
    How to Clear the Way for New and Better Business Habits
    The success of your business depends on you. That means increasing your output, improving your performance, and focusing more on important things.
    10/19/2021 07:20 PM
    Choosing The Right Courier Company For Your Small Business
    If you need to send a parcel for you or your business, then choosing your courier is very important. If your business is online, then the courier service you use to send goods may be the only human interaction your customers have with your company. Therefore, it is very important to choose smartly who will represent your company when delivering your parcels.
    10/19/2021 06:20 PM
    Bust These Myths About Co-Working Spaces and Start Being Productive
    The more you learn about the advantages of co-working spaces, the more it sounds too good to be true. When something has been hyped up over and over again, you start to wonder what could be wrong with it. Flexible workspaces have their share of naysayers and their opinions may give you pause in patronising such establishments. However, let us help you alleviate your fears as we debunk popular myths regarding co-working spaces.
    10/19/2021 06:19 PM
    An Entrepreneurs Untold Story of Work in Progress
    A story of how an Entrepreneur worked his way to a multi million dollar company overnight until it became to big for him to handle leading to a failed success. He has now gotten back up and is about to use this experience to create something even bigger by not making the same mistakes.
    10/19/2021 05:53 PM
    Article Marketing: The Marketing of the Future
    As society evolves, we develop and think of new products. And as new products come to the market, we need to think of better ways to sell them.
    10/15/2021 10:26 AM
    4 Business Strategies You Probably Haven't Thought About
    Every business should find a strategy that helps it to achieve a competitive advantage in the marketplace. This strategy should be based on the strengths and weaknesses of the firm's products/services and the position it wants to have regarding its customers.
    10/13/2021 11:39 AM
    4 Ways To Build Momentum In Your Business
    Momentum doesn't happen by chance, and nor is it willed into existence. To achieve momentum, you need to understand its source, and then relentlessly fuel it.
    10/06/2021 01:43 PM
    How to Be Better at Hustling and Entrepreneurship
    Success doesn't come to those who wait - it comes to those who go out and get want they want. You don't want to the person who waits for things and gets what's left by those who hustle - be a hustler yourself!
    10/04/2021 09:25 AM
    How Does a Business Become Scalable?
    Some businesses are scalable, meaning they can grow income exponentially. Others are not open to growth, but they generate a reliable income which is not lucrative.
    08/31/2021 02:45 PM
    Nine Books Every Successful Entrepreneurs Has on Their Shelf
    Take advantage of the best the entrepreneurial community has to offer. Whether you read each book cover to cover or just use them for reference they represent ideas and techniques that will see you through the dark days every entrepreneurs face at some point.
    08/16/2021 10:16 AM
    Ready to Grow? Top Positions You Need to Fill to Expand Your Business
    Do you wish to reach a point where your business is ready to scale and move to the next level? Hiring crucial people will help you move quickly, while proving excellent products and great customer service.
    08/04/2021 03:16 PM
    6 Reasons To Start A Business During This Pandemic
    This is the best time to start your dream business. This article will provide tips for you to use immediately.
    08/02/2021 06:06 PM
    Go Read a New Business Book a Week
    Reading is essential. Go and read a business book to enrich your business.
    07/23/2021 11:26 AM
    How to Be an Entrepreneur With a Full Time Job
    It may seem difficult seeing how you can create a successful business for yourself. In addition, having a success formula takes time.
    07/15/2021 05:54 PM
    What Is an Entrepreneur and What Is Entrepreneurialism
    What is an entrepreneur and what is entrepreneurialism. What makes them what they are?
    07/12/2021 10:52 AM
    Personal Branding Strategies for Women in Business
    Personal branding for women is critical for business success to build your brand. When you align your personal brand with your business brand, you're much more likely to not only connect with the right people but also turn them into raving fans. Build your business with these personal branding tips.
    07/12/2021 10:51 AM
    How to Increase the Value of Your Business
    There are many ways to boost your sales and grow your business, no matter your budget size. However, increasing the value of your business on a tight budget can be daunting.
    07/09/2021 11:08 AM
    Innovative Business Shares Tips
    Innovative businesses are showing the road map to success: have a real connection to their customers, be proactive for the environment, show support for local social causes and events, and concentrate on providing a great service/product while building a strong networking system. It is the only way to survive in this "new normal".
    07/01/2021 11:19 AM
    What to Do in a Creative Dry Spell
    While most creatives can't get away with allowing a dry spell to keep going on indefinitely, you can get out of the dry spell simply by trying these ideas. Often, just stopping the internal pressure you have on yourself can unleash your creativity again.
    06/29/2021 05:38 PM
    Top 3 Ways You Can Generate Ideas for a New Business
    1. Start a Business that evolves around your innate ability. Innate abilities help you do things with ease. Often times I hear people say, "what do you have flair for?" Innate abilities help you do things better, quickly and 'naturally' than others. It helps you do things effortlessly!
    06/28/2021 07:29 PM
    How to Train Your Brain for Maximum Creativity
    Training your brain to be more creative, to be creative on demand, and to be creative in more than one way is within your power and control. When you find something that works for you to unleash your creativity, use it.
    06/01/2021 08:49 AM
    How to Create an Innovative Mindset
    In general terms, a traditional business mindset is always looking to improve the quality of products, services and processes. On the other end of the spectrum, an innovative mindset issues mandates for new and better ways to do business.
    05/27/2021 01:14 PM
    How Can Growth Mindset Lead to Success?
    How do people create and grow a mindset strategy? Here are some practical tips that will show you exactly how to get started.
    05/07/2021 09:30 AM
    Why Becoming an Author Boosts Credibility
    When you author a book that is well received by your audience, it's really an automatic boost to your credibility. The book gets press, which means you get press, and the snowball effect happens.
    05/04/2021 10:31 AM
    Online Working Capital - Fast But Expensive
    Small business owners often need working capital to cover expense incurred to make or create their product or service before payment comes in. Banks are loath to lend to small business owners especially the small amounts that the business owners usually need. Many online working capital lenders have been created to serve this underserved market.
    04/26/2021 08:41 AM
    When Impatience Can Lead to Business Success... Or Failure
    As an entrepreneur, have you ever asked yourself "Why am I not reaching the level of success I was promised?". It could be because a lot of entrepreneurs fall victim to impatience to succeed.
    04/20/2021 11:35 AM
    What Is the Best Online Business You Can Start?
    Starting an online business is a great way to create a lifestyle that you enjoy living. But, you must be realistic as you develop your business.
    04/11/2021 02:42 PM
    Looking to Build Your Network? Please Avoid This 1 Mistake
    Networking isn't just about meeting new individuals. It's also about you maintain connections. Ignoring the current connections of your professional network because you're excessively focused on development is a big blunder. Don't just consider about meeting and getting to know new professional contacts. Don't fail to remember to keep up with the people you by now know.
    04/11/2021 02:39 PM
    How to Face Your Fears and Get More Business Leads
    What fear do you have lurking inside of you, preventing you from enjoying life, or creating a successful business for that matter? When it comes to our business, fear can definitely stop us in our tracks, preventing us from moving forward and achieving our goals.
    04/06/2021 11:39 AM
    A Realistic View of Being Self-Employed
    If you are thinking about becoming an entrepreneur, you'll want to know all about your field, your products and your customers... but you'll NEED to know about running a business. It is important for business owners to realize all the hidden areas that eat up a surprising amount of time and energy behind the scenes in running a business.
    04/06/2021 11:33 AM
    Business in a Slump? 13 Ways to Get Your Motivation Back
    Truth be told, it's a fact of life for every entrepreneur and business owner... we are going to get into a rut every once in a while. We're human after all! The good news is that this slump can be very temporary... if you choose it to be. Here is a list of things you can explore the next time you feel this lack of motivation sweep over you.


home | site map | contact us