No. of Recommendations: 0
Yes. What's the alternative?
Self-fund. It's a bit risky, depending on the health of your family. But, at some point, it may be worth it to pay yourself those premiums in a "safe" account that pays a bit of interest or dividend, and draw money from it as needed for medical stuff. Keep adding to it year after year, using it only for medical stuff. The longer you do that, the less risk you have as the account builds up enough to cover major medical expenses.
Would you be eligible for an HSA? Don't know the details about self-employment. That would have tax advantages.
