What could be the ideal health insurance for a self-employed like you is a plan that has lower premiums but with higher deductibles than a traditional health plan. Most insurance companies usually offer High Deductible Health Plan (HDHP). To support this, you can also get a Health Savings Account (HSA). Although the premiums are almost close to the premiums for many of the eisting plans, a certain amount from HDHP premium is channeled to your HSA. To calculate, you pay almost the same premium but when you deduct a certain percentage which automatically goes to your HSA, you still pay a much lower premium. This eplains why HDHP is considered as a plan that has lower premiums. This type of plan is most applicable for those who are looking for a health insurance for the self-employed. With HDHP, you can shell out around $2,850 for an individual a year from state and federal taes in a Health Savings Account (HSA). If you have a family it will cost just about $5,650 annually. Remember that HSA is pre-taed. Your contributions are your money and add up every year if you were not able to use it. Like a regular savings account, HSA also earn interest on a ta-deferred basis. HDHP plan has a minimum deductible of $1,100 for an individual and $2,200 for a family. While the maimum deductibles are $5,500 for an individual and $11,000 a family. — June 22, 2009 @ 11:32 am