Comparing Costs of Self-Employed Health Insurance in New York

Introduction

The cost of self-employed health insurance in New York can vary significantly across different regions. In New York, health insurance for self-employed individuals is competitive, with premiums rising as the cost of health care increases. Some insurance providers limit coverage to keep premiums down, while others offer options where the insured pays most of the costs upfront and receives an indemnity check for a portion of those costs.

Health Insurance Rates Across the State

Self-employed health insurance rates differ across the state. Health insurance is regulated at both state and federal levels, and the demographics of different areas within New York can affect the average cost of health insurance. Self-employed health insurance rates are controlled by the state government, which sets the rules for the health insurance industry.

Average Cost of Health Insurance

Surveys conducted by the Association of Health Insurance Policies monitor the average amount of money spent on health insurance. Depending on the population and other factors, self-employed health insurance rates can range from $0 (subsidized health plan purchased through the NY state exchange) to $1800 or more per month for single coverage.

Finding Reputable Insurance Companies

When looking for self-employed insurance coverage, it’s important to do business with a reputable company. The easiest way to search for insurance rates is online, but it’s always a good idea to find a local health insurance company so you can discuss your needs with an agent in person.

Factors Affecting Insurance Costs

The cost of self-employed health insurance in New York may be affected by the area of the state in which you live. The high cost of health care is partly due to the care provided to the uninsured, which drives up premiums. Additionally, preventable diseases such as smoking addictions and obesity can impact health insurance premiums. Pre-existing conditions like high blood pressure, stroke, or heart disease may also result in higher premiums.