The Real Power of Health Insurance Health insurance isn't a nice perk, it's a requirement for anyone choosing to go it alone as an entrepreneur.
By J.D. Roth
Opinions expressed by Entrepreneur contributors are their own.
As business owners, we tend to view health insurance as a nice perk to offer employees. But it's not a perk. It's a requirement for anyone choosing to go it alone as an entrepreneur.
One thing that people--and I'm one of them--seem to forget when it comes to moaning about the escalating cost of health insurance is that we're buying a safety net.
Other types of insurance help rebuild a house after a fire or buy a new car when the old one is demolished. But something strange happens to our interpretation of insurance when it comes to healthcare: We use it to pay for medical visits to deal with runny noses. This is akin to billing your auto insurance to fix a radiator hose.
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