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Tips For Hiring Health Insurance For Self-Employed

The lack of time of the independent and the functioning of the medical services are factors that advise in many cases to employ mutual health insurance to protect you, your family

and your business.Time is one of the scarcest resources of the self-employed. If you are self-employed, I’m sure you’ve said that about ” I do not have time even to get sick.”

It is quite common, because not only is it proven that self-employed workers work more hours than employed employees, but also often do so at times that make it difficult to 

visit the doctor.Or they have it more complicated to be absent from work, all of which makes the statistics show that the self-employed rarely miss work due to illness or incapacity for work.


To all this, we must add the time required to go to the doctor, since sometimes we have to wait for days and even months to receive care, especially in Social Security. Or that we have to spend half the morning in the health center so that the family doctor ends up prescribing an anti-flu.

All this makes the self-employed one of the groups most interested in private healthcare.

Tax advantage: Health Insurance As A Deductible Expense

Hiring private health insurance is not only beneficial because of the medical coverage it provides, but also implies significant tax savings for the self-employed as a deductible expense in the IRPF.
The law establishes that self-employed workers who subscribe to their private health insurance as an alternative to the State Workers’ Regime or RETA may deduct the premiums they pay for it up to a maximum of 4,500 euros.
This deduction is also applicable to the taxpayer’s spouse and children under 25 years of age,
establishing a limit of 500 euros for each member of the family,including the self-employed, and up to 1,500 euros for those professionals with disabilities.
How does this deduction for income tax purposes? The inference is made on the tax base of this tax, that is, it will be deducted from the total income of the self-employed person so that the tax savings can reach up to 30%.
To justify the expense of private medical insurance, it is advisable to keep the policy and keep the vouchers of the payments made, without the need for an invoice, according to the regulations.

How Do Health Insurance For The Self-Employed Work?

Health insurance is like free rates, there are of all types and prices, so before deciding on a company, we recommend you analyze what your health needs are and especially what you are willing to pay for them.

If you do a little research, you will realize that there are many insurance companies and each one offers services and packages with different coverages. Eye, do not choose the cheapest, in the end, the dirty is expensive, it is preferable to select the policy that best suits your needs because health is priceless.

Keep in mind that many companies like Sanitas have special offers for freelancers and SMEs and they adapt to the needs of each company.

Also, you should pay attention to the following characteristics of some of the health insurance:

Copayments (or variable insurance fee)

They are small amounts that are paid for each medical service used, usually contracting health insurance with co-payments will be cheaper because of insured shares the medical expense. The cost of co-payments can range from 1 euro to 100, depending on the type of health service required and also the insurance company.

If you foresee that you will need complete medical service, contracting insurance with a co-payment may not be the best alternative.

Medical table + Reimbursement

In this type of insurance, the insured can opt for any doctor or clinic, even if they are not arranged with the insurance company. Of course, you must pay them and then present the invoice to the insurer, who will refund between 70% and 100% according to the policy contract.

Logically these insurance have a higher fee, but in exchange, they allow to go to specialist doctors who are not in the medical picture of the insurance company.

Exclusions and shortcomings

It is usual to exclude diseases contracted before the signing of the policy and that had not been declared when hiring. Also aesthetic surgery, sex change, reduction of morbid obesity or illnesses produced by activities, professional or private, high risk.

The medications are not included except in hospitalization processes or chemotherapy treatments.

Also, shortages are usually established, that is, periods of time that must elapse from the signing of the contract to be entitled to specific services such as dental or maternity services.

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