Insurance For Self Employed Canada

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.

Insurance for self employed canada. If you are self employed you are the heart of your business and planning ahead is part of the key to your success. 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. Self employed health insurance tips. 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.

Don t worry canada will have you covered. 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. Okay as someone who s self employed you re also doubling up as your own human resources director. 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.

With a health insurance plan from blue cross you can protect your health your business and your finances. Self employed health insurance options. 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.

For the self employed an individual health insurance policy is an affordable way to gain coverage without having to spend large sums of money. 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. There s no one to call with questions about your benefits. As you can see there are many options for health insurance for self employed in canada.

There are a wide variety of individual plans available and you can choose what type of policy provides the most benefit. If you still feel lost there are people out there who can help. We sell green shield canada s prism spectra prism precision and prism continuum nationwide. For more detailed information on ei special benefits for self employed people maternity parental compassionate care and sickness benefits please visit the ei special.

We ve stepped in to give you a few pointers if you re self employed and shopping for health insurance. 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. Plan ahead for any unexpected costs of prescription drugs and dental visits and protect yourself with disability coverage.

Maybe your spouse comes to the rescue or you get an hsa for your individual plan.