Whaaaat's This....."

Written by Fred Renoudet

Life is divided in two parts - anticipation and memory. It can be said if we remember richly, we must have lived richly. The future can also be just as rewarding. It just takesrepparttar Right Stuff.

There aren't many things in life that that are free and easy. For most of us, we were not born with a silver spoon in our mouth. We got where we are today by earning it.

In some cases, some got where they are - nowhere - byrepparttar 117637 lack of effort.

Deciding to start your own business is easy and sure, a few will have instant success. Butrepparttar 117638 rest of us needrepparttar 117639 right plan to make it a success. You need to getrepparttar 117640 right instructions fromrepparttar 117641 right people.

How can you tellrepparttar 117642 right people fromrepparttar 117643 wrong people? THAT is a very good question.

As I said life is not easy. To knowrepparttar 117644 right foods for us what do we do? We read labels and we listen to commercials. Do we always makerepparttar 117645 correct decision for curing a cold?

Maybe you do - I sure don't. I get suckered in by all those slick commercials that makerepparttar 117646 product sound likerepparttar 117647 best thing since sliced bread. Then when you think about it - sliced bread isn't so hot. Given a choice, store packaged sliced bread or a piece of hot fresh baked bread, which would you take?

How do you know which so called Internet "Guruh" hasrepparttar 117648 Right Stuff for you? You know by reading ALL their material and you make an educated decision based on what fits best with your lifestyle. Will it ALWAYS berepparttar 117649 correct decision?

Health Insurance for the Self-Employed - Protecting Your Business's Greatest Asset

Written by Elena Fawkner

Health Insurance forrepparttar Self-Employed - Protecting Your Business's Greatest Asset

2002 Elena Fawkner

"I've been considering quitting my full-time job and getting a part-time job that would payrepparttar 117636 bills [so I can start a home business] ... The one biggie my full-time job provides me now is health insurance. If I was to get a part-time job, I'd probably have to pay for my own health insurance and I know that can be expensive."

Like Jason, who sent merepparttar 117637 above email this week, many a dissatisfied employee would chuck in their full-time J.O.B. (just over broke) for their part-time home-based business in a heartbeat if not for one thing. Employer-provided health benefits. It's a biggie, no doubt about it.

Undeniably, employer-paid or -subsidized health benefits are one ofrepparttar 117638 few real perks of working for someone else. In fact, surveys have shown that, for employees (especially those with families), paid benefits are hands downrepparttar 117639 most important element of their compensation packages.

And there's no shortage of people already running their own home businesses with no health or disability coverage at all. Scary. After all, if you're dependent upon your home business as your sole source of income and you lose your health, you lose your livelihood as well.

Bottom line? If you run a home-based business you can't afford not to have health coverage of one form or another. Here's how to make it happen, whatever your circumstances.


You have three basic options when it comes to health and disability insurance.

=> Spouse Coverage

If your spouse has health coverage from his or her employer, as a general rule, use that. It probably provides better and less expensive coverage than you could get on your own.

=> Group Health Insurance

The main advantage of group health insurance plans is that they can't turn you away because of health problems. The good news forrepparttar 117640 solo entrepreneur is that an increasing number of companies are offering group health plans for "groups" of one. This varies by state though so you'll need to do your homework to find one.

=> Individual Health Insurance

These plans are fine if you don't have any pre-existing medical conditions. (If you do, try your best to find a group plan that will cover a group of one.) They're subject to medical underwriting so your state of health will be a factor repparttar 117641 insurance company takes into account in determining whether to accept your application.

Of course,repparttar 117642 mere fact that you're able to get into a good plan is one thing. Doing so affordably is quite another.


There are several ways of minimizingrepparttar 117643 cost of health insurance. Your tolerance for risk will determine which, if any, you are comfortable with.

=> Reducerepparttar 117644 Level of Coverage

Do you really need to have every doctor's visit and prescription covered? If you only go torepparttar 117645 doctor once a year for an annual examination, have no health conditions, don't need regular expensive prescription medications and are generally healthy, consider cutting out coverage for office visits and prescriptions.

=> Higher Deductible

Similarly, if you're reasonably healthy, don't visitrepparttar 117646 doctor very often and don't need to use expensive medications, consider switching to a higher deductible to save on premium costs. By increasing your deductible from $100 to $2,000, you can cut your premium payment in half.

=> Annual Premium Payments

If you can afford to do so, pay your premiums annually rather than monthly or quarterly to avoid service fees and to take advantage of prepayment discounts where available.

=> Join Associations

Just because you're going it alone in your business doesn't mean you can't take advantage ofrepparttar 117647 group buying power that being a member of an association offers. Check out your local chamber of commerce, various trade and professional groups and small and home business associations for member benefits. Many offer access to discounted health insurance.

Here are a few small/home business association links to get you started (you'll need to cut and paste some of these links if they wrap torepparttar 117648 next line):

National Association forrepparttar 117649 Self-Employed http://www.nase.org/nase_benefits/health_benefits.asp American Association of Home-Based Businesses http://www.aahbb.org/benefits.htm Home Office Association of America http://www.hoaa.com/allbenefitsnew.htm National Business Association http://www.nationalbusiness.org/NBAWEB/Directory/Internal_Pages/Member_Benefits/Health.htm

Don't forget to check out local associations in your area or associations relevant to your particular profession.

=> Shop Online

Being able to offer insurance products online means insurance companies save on broker and agent fees. Often, this translates into premium savings for policies purchased over repparttar 117650 Internet. So, when your fingers dorepparttar 117651 walking, make sure they do so on a keyboard and notrepparttar 117652 Yellow Pages.

=> Medical Savings Accounts

Underrepparttar 117653 Health Insurance Portability and Accountability Act (HIPAA), if you're self-employed you may be eligible to use a medical savings account, or MSA.

MSAs work in conjunction with higher deductible health insurance policies to reduce premiums and allow you to use pre-tax dollars to pay for your medical expenses up torepparttar 117654 limit ofrepparttar 117655 deductible on your insurance policy.

Basically, you reduce your premium by replacing a low- deductible policy with high-deductible policy and userepparttar 117656 premium saving to make fully tax-deductible contributions to your MSA. You can contribute up to 65% ofrepparttar 117657 deductible each year into your MSA (75% for families). The money goes into a tax-deferred account or trust and you pay your medical expenses (until you reachrepparttar 117658 deductible) by drawing fromrepparttar 117659 account. Once you hitrepparttar 117660 deductible, of course,repparttar 117661 insurance policy kicks in.

If you spend less than you contributed,repparttar 117662 surplus stays inrepparttar 117663 account and earns interest. Not only that,repparttar 117664 funds can be invested in high-return vehicles such as mutual funds and stocks.

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