Insurance For Self Employed Canada

Don t worry canada will have you covered.

Insurance for self employed canada. For the self employed an individual health insurance policy is an affordable way to gain coverage without having to spend large sums of money. Options for health insurance for self employed in canada. If you are self employed you are the heart of your business and planning ahead is part of the key to your success. We ve stepped in to give you a few pointers if you re self employed and shopping for health insurance.

Okay as someone who s self employed you re also doubling up as your own human resources director. As you can see there are many options for health insurance for self employed in canada. Maternity benefits are for people who are away from work because they re pregnant or have recently given birth up to 15 weeks. Special benefits offers you access to a wide range of self employed health insurance products from leading insurance providers.

Prism programs offer four distinct plans each with varying levels of coverage. Though being self employed may offer independence increased job satisfaction and a better work life balance what it doesn t offer is access to group health benefits. If you still feel lost there are people out there who can help. Self employed health insurance tips.

If you are self employed or if you take up self employment activities while you are on ei the work that you do must be so small that you are unable to make a living from it. Premiums paid for private health insurance plans hospitalization medical and dental are often eligible for deduction by the canada revenue agency but does that also apply to the self employed. Premiums paid to private health plans can be deducted from your business income but you must be the sole proprietor of your business and it must be. We sell green shield canada s prism spectra prism precision and prism continuum nationwide.

There s no one to call with questions about your benefits. Owning and operating your own business can be liberating but also requires that you approach your personal insurance in a way that both protects your wellbeing and allows your business to continue to thrive if a disability prevents you from actively participating in day to day operations. There are 6 types of ei special benefits. For more detailed information on ei special benefits for self employed people maternity parental compassionate care and sickness benefits please visit the ei special.

Self employed canadians can access employment insurance ei special benefits by entering into an agreement or registering with the canada employment insurance commission. As a result if you re self employed in canada you re responsible for paying for your own health and dental costs not covered by public health plans. Maybe your spouse comes to the rescue or you get an hsa for your individual plan. Disability insurance for the self employed.

Self employed health insurance options.