Health insurance is as important as life insurance, liability insurance for your business and car insurance. Small business owners tend to have so many expenses to deal with sometimes things like health insurance get overlooked or put at the bottom of the priority list. When you are self-employed medical costs and insurance is tax deductible; this can certainly help alleviate some of the cost burden. Even though health insurance is optional it is a good idea to obtain some kind of health care supplement. One serious illness or accident can “wipe you out” financially if you are not covered. It is almost like you can’t afford not to carry some type of health insurance.