Buy from the source While many consumers believe they have to work through an agent or trade association, like a chamber of commerce, you can go directly to a company to shop rates and buy a health plan. Fusco says large insurance companies typically will not have higher rates for people who go through brokers, but notes that plans purchased through chambers or other organizations and associations can tack on an additional monthly administrative fee, making them slightly more expensive. It really depends on what their cash position is. A younger individual might be looking for HMO-type coverage with little or no deductible because they have little or no cash reserves. An older individual .
Some people are happy with only catastrophic health coverage in case they get hit by a bus.
Others want more comprehensive coverage if they use health care services. The life insurance needs of a home-based business owner are not substantially different than those of someone working in regular employment, and they are no less important. You need to look at the types of benefits typically given to a group employer. As with health insurance, cash flow is a consideration in buying life insurance, Johnson says. The insurance pays out when the owner of the business or a crucial employee dies or becomes disabled, infusing the business with cash so that it can continue to operate during the transition.