If you’re planning on making the leap towards becoming your own boss, don’t forget to add health care costs to the equation. Self employed health insurance can add a lot to your bottom line but going without it can lead to catastrophe.

To save money on health insurance costs, cosider the following:

• Shop around! Getting free quotes from multiple providers has never been easier.
• Consider combing a high-deductible, lower premium plan with a health savings account.
• Don’t forget to ask your accountant about what and how much you can write off your taxes.
• Check to see if you are eligible for no or low-cost goverment sponsored plans.
• Look for group rate insurance through any trade groups, unions or guilds you might belong to.

Going without health insurance can seem tempting but remember as a self employed person you are the only safety net that you have! It’s worth it to make the sacrifice to afford a health insurance plan so that an illness or accident doesn’t wind up bankrupting you.