Why do I need health insurance if I’m self-employed?

The self-employed may suffer illnesses or injuries that prevent them from continuing their activities. This situation can endanger the stability of the company. A health insurance It gives you more security when you are self-employed.

Next, you will learn what features this product offers and other relevant information about it.

What is health insurance?

In case you haven’t heard of this product, we’ll explain briefly and simply what it’s all about.

It is also known under the insurance terms subsidy, daily income or temporary disability. It consists of one Insurance coverage for the self-employed if an illness or inability to work prevents him from performing his duties.

Sometimes health problems or accidents suddenly occur that affect our economic stability. If you are self-employed, you know that there are a number of fixed costs that you cannot ignore: social security contributions, employee salaries, materials, etc.

Insurance companies have developed several products for these types of workers to provide them with support and greater security. In this way, legal protection or sick leave have been created.

Benefits of health insurance for the self-employed

The main advantages offered by this product are the following:

• It is used to protect savings.
• Compensation for traffic or work accidents.
• It offers security and financial support in the event of prolonged illness or permanent disability.

What are your covers?

Health insurance has several modalities. Coverage depends on the type of contract and the insurance company. Normally you usually hire one Daily or monthly allowance.

Basically, we distinguish between two types of coverage:

• main cover. The company pays the insured compensation for a temporary leave of absence ordered by a doctor.
• Additional Coverages. Other types of coverage can be added, such as B. Hospitalization, death, pregnancy, absolute disability, etc.

Who can hire you?

You can take out health insurance every self-employed person between the ages of 16 and 65. Compulsory requirement is the obligation to contribute to social security.

On the other hand, to claim the compensation offered by the insurance, it is necessary that the person suffers an illness or an accident so serious that they are unable to continue their work activity.

Is this type of insurance expensive?

Prices vary depending on the coverage of the modality you have chosen.

Contrary to popular belief, there are very cheap prices for this product. It is possible to find insurance for around 30 euros per month, so only 1 euro per day.

Conclusion

Health insurance is essential for the self-employed. In addition, in some cases it is even mandatory, for example, when performing high-risk tasks.

A person self-employed or the self-employed affected by an accident or illness may be forced to stop their activity, but fixed costs cannot be avoided and must be covered.

Compensation in these cases provides great security and prevents unpleasant and risky situations from occurring in our company.