Finding individual coverage that you can afford can be as much a function of the state in which you live as it is the state of your health - at least until 2014 when Health Reform Exchanges become effective.

Alternatives include:

• Obtaining health insurance like any other individual -- including access to High Risk Pools.
• Join an association.
• Become a small group.
• Go to work for a company that provides health insurance to employees.

If you are the only employee of your business, your options are the same as those of an individual who doesn't work for an employer. This means that unless the state you live in requires insurers to offer health insurance without regard to your health, you probably won't be able to obtain insurance.

As self employed person, you can deduct 100% of health insurance premiums from your self-employment earnings - and this can't be taken away by the Alternative Minimum Tax. If you are eligible for any employer-subsidized health plan, including your spouse's, you aren't supposed to claim this deduction, even if you aren't on your spouse's plan.

You can also set up a tax advantaged medical savings account.

To find out about the programs in your state, see Sources of Guarantee Issue Health Insurance

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