Monday, October 29, 2007

Lower Health Insurance - For Home Business Owners

Lower Health Insurance: Some states give home business owners an opportunity to reduce their health insurance cost. This is because home based businesses are given the same low rates that insurers give their larger counterparts.

Having just one employee qualifies a home business for such low rates in a number of states. Don't forget that a member of your family who works with in a home business qualifies as an employee.

The good thing is that such an employee doesn't have to work full time to qualify you. You can employ your grown kid for a number of hours daily. Your spouse can also be that employee even if it's just part time.

This option gives lower rates because group rates are normally lower than rates for individuals. You can find out home businesses that are eligible for group rates in your state by visiting your state's department of insurance or its equivalent.

You can see savings of hundreds of dollars on your health insurance policy by requesting for (and thoroughly comparing) quotes from insurance quotes sites. Requesting quotes from not less than three quotes sites raise the chances that you'd make bigger savings. This is because insurance companies not represented by one site will be represented by another.

And because your chances of receiving lower health insurance quotes has to do with the number of quotes you obtain, the more insurance companies you receive quotes from, the higher your chances. This offers you a broader basis for doing more thorough comparisons thus increasing your chances of getting more for less.

By Chimezirim Chinecherem Odimba

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