One of the most difficult things to do is to find ways to save money on health insurance. When you have a home business, it can be even more difficult to do what you need to, since you don’t have the help of an employer who pays part of the health insurance premiums. You can find group rates, though, it you look hard enough.

But another thing you can do is to get a higher deductible. Check the deductible on your health insurance plan. In many cases, you might only have a $500 deductible. If you can afford a higher deductible, like $1,000, $2,500 or even $5,000, you can save on the premiums. Sometimes, you can save as much as $300 a month, just by getting a higher deductible. You will have to pay more out of pocket, but if you plan ahead, and have a savings account for this (maybe a Health Savings Account), you can more easily afford it.

In the end, a lot of things about your home business come down to cash flow. While it’s nice that you can get a tax deduction for what you pay in health insurance premiums when working from home, having something more tangible day to day that helps keep things moving properly in terms of your cash.