25 January 2024

How to Get Self Employed Health Insurance

By Ronald Smith

How to Get Self Employed Health Insurance

Being self-employed means you’re in charge of your own business, and that’s pretty cool! But it also means you’re responsible for things like health insurance. Don’t worry, though – I’m here to help you navigate the world of self-employed health insurance. Let’s get started!

1. Research Your Options

First things first, you’ll want to do some research. There are different types of health insurance plans out there, so it’s important to find the one that works best for you. Look into different providers and compare their coverage and prices. You might even consider talking to other self-employed folks who have found success with a particular plan.

2. Look into Group Plans

Group plans can be a great option for self-employed individuals. Look into professional organizations or industry groups that offer group health insurance plans. By joining one of these groups, you may be able to get access to a more affordable and comprehensive insurance plan. It’s worth checking out!

3. Check for Government Assistance

Depending on your income and circumstances, you may qualify for government assistance programs. Take a look at options like Medicaid or the Affordable Care Act. These programs can help make health insurance more affordable for self-employed individuals.

4. Consider Health Savings Accounts

A health savings account (HSA) can be a helpful tool for self-employed individuals. With an HSA, you can set aside money specifically for medical expenses. The best part? Contributions to an HSA are tax-deductible, so it can save you some money come tax time. Plus, the funds in your HSA can roll over from year to year, so you can build up a cushion for future medical expenses.

5. Consult with an Insurance Agent

If you’re feeling overwhelmed or unsure about finding the right health insurance plan, don’t hesitate to reach out to an insurance agent. These professionals are well-versed in the world of insurance and can help guide you through the process. They can answer your questions and help you find a plan that fits your needs and budget.

6. Stay Healthy

While having health insurance is important, it’s also crucial to take care of your health. Make sure to eat well, exercise regularly, and get plenty of rest. By prioritizing your health, you can lower your risk of needing medical care and potentially save on healthcare costs in the long run.

Remember, being self-employed may come with its challenges, but finding the right health insurance doesn’t have to be one of them. By doing your research, exploring your options, and taking care of your health, you’ll be on your way to getting the self-employed health insurance coverage you need. Good luck!

How to Get Self Employed Health Insurance

If you work for yourself and don’t have health insurance, you’re taking a big risk.

There are many different types of self-employed workers. You could be one of those people who works for themselves, like a dog walker… until you have an accident and can’t handle all those leashes because your arm is broken.

  1. Sign up for health insurance through the marketplace.
  2. Get health insurance from an independent company that specializes in it.
  3. Marry someone who has really good insurance.

Let’s skip talking about option number 3.

We’ll focus on the first two options!

What is Health Insurance for Self-Employed People?

When you have your own business and work as an independent contractor, it’s important to have your own health insurance. The cost of healthcare is getting higher and higher, but once you have a health insurance plan, you don’t have to worry about it. If you don’t have a health plan, you might have to pay a penalty on your taxes.

Choosing the Best Health Insurance for Self-employed People

Self-employed individuals have different needs when it comes to health insurance. For example, you might need a program that covers children’s health. You might also be concerned about how much you can afford to pay for the premiums and the deductible.

  1. How much can you afford to pay each month for your health insurance? Are you more worried about paying high monthly premiums or a high deductible?
  2. Would you like to choose a company that provides an umbrella policy, which includes dental and vision coverage?
  3. Do you want to have the option to start a Health Savings Account (HSA)? If you do, there are certain requirements you’ll need to meet for the deductible ($1,350 for a single person, $2,700 for a family). You can subtract your contributions ($3,650 for a single person, $7,300 for a family) from your adjusted gross income. As long as you use the HSA funds to pay for health expenses, you won’t be taxed on them. An HSA is a way to save money on health insurance (and income taxes) because you can save and spend pre-tax dollars.
  4. When it comes to customer service, how much time are you willing to spend on hold? It’s important to consider the reputation of the health insurance company in terms of their customer support.

Are you looking for the best medical insurance options for self-employed folks like us? I’ve got some tips to help you out.

First off, let’s talk about the level of coverage you want. Do you just want the basics, like preventative care? Or do you also want coverage for worst-case scenarios, like catastrophic plans? Maybe you’re looking for something in between? It’s all about finding that happy medium.

Now, when it comes to finding the right plan, I recommend starting with the National Health Care website. It was established by the affordable care act and is also known as Marketplace plans or the health insurance marketplace. The great thing about this site is that it’s designed to help everybody, not just low-income folks. So even if your income is high, you can still find a plan that works for you.

Once you’re on the website, you’ll find all the major health insurance providers, like Anthem Blue Cross Blue Shield, Aetna, and United. You can even compare their policies side by side, which is super helpful. Plus, you can enter your estimated income, and the site will show you your options.

So there you have it! With a little research and some understanding of your needs, you’ll be able to find the best medical insurance for self-employed individuals like us. Good luck!

  • First, gather all the important information about the health insurance policies that interest you. Take note of the name and any identifying numbers.
  • Next, visit the websites of the health insurance providers that offer these policies. Look for information on the cost of coverage outside of HealthCare.gov.
  • If you are self-employed, seek out an independent insurance agent who specializes in healthcare policies. They can help you navigate the options and find the best fit for you.
  • SHOP

    SHOP is a part of HealthCare.gov that offers health insurance options for small businesses. They have plans available for businesses with fewer than 10, 25, or 50 employees.

    If you’re an independent contractor, listen up! I’ve got some important information for you, especially if you’re thinking about hiring workers and want to offer health insurance as a perk.

    Here’s the deal: with the Small Business Health Options Program (SHOP), you only have to pay half of your employees’ health insurance premiums. It’s a win-win situation because you’ll also receive a small business health care tax credit for half of the money you paid. That’s some serious savings!

    By being able to provide health coverage and a health plan for your workers, you’ll be much more attractive to potential employees. It’s all about being competitive in the job market.

    Looking for Self Employed Health Insurance Plans? Check these out!

    Depending on where you live, you can find the top four companies on the HealthCare.gov site. To make things easier for you, I’ve included direct links to their websites below.

    1. UnitedHealthcare

    I’ve got some great health insurance options for you to consider. Let me tell you about them.

    1. United Health Care

    When it comes to health, dental, and vision coverage, United Health Care has you covered. They offer marketplace plans with high deductibles, which means you can enjoy very low premiums. If you’re in need of short term health insurance or student health insurance, United Insurance Company can take care of you too.

    2. Anthem Blue Cross Blue Shield

    Now, let’s talk about Anthem Blue Cross Blue Shield. They provide health, dental, and vision coverage just like United Health Care. What sets them apart is their group health insurance plan, perfect for businesses with 2 to 50 employees. And if you’re looking for short term health insurance, they’ve got you covered. With a wide network spread across the country, Anthem is definitely one of the top choices for health insurance.

    3. Cigna

    Let’s talk about some health insurance options that you might find interesting. I can tell you about a few companies that offer different plans in different states. Sounds good? Great, let’s dive right in!


    First up, we have Cigna. They provide medical and dental plans in 14 states and they’re always growing. One thing that sets Cigna apart is that they actually reward you for taking care of yourself! If you complete certain preventive care requirements, like getting an annual physical, they’ll give you some bonuses. How cool is that? Oh, and they also have plans specifically for conditions like diabetes.


    Next on the list is Aetna. They have plans for individuals and also for employers. Aetna offers medical, dental, and vision plans. They even have international plans, in case you’re planning to travel and still want coverage. Something to keep in mind with Aetna is that the charges for their plans can vary based on your household income.


    Now, I have to mention Molina, even though they’re not actually one of the ACA plans available in the Marketplace. See, Molina has a special focus on Medicaid and Medicare plans, which might be particularly interesting for those self-employed folks who are a bit older. But don’t worry, Molina still offers health coverage for everyone.


    Guess what? With an Oscar plan, you can get virtual care for free in 22 states. Isn’t that amazing? Plus, they’ve got you covered with health care and prescription plan coverage too. Oscar really knows how to take care of you!

    Here’s How to Get Health Coverage If You’re Self-Employed

    So, if you’ve lost or are going to lose your job, and you can use COBRA to keep your insurance from your old employer, go for it. But here’s a tip: as soon as you start working for yourself, start looking for other options to avoid those pesky health care costs.

    I want to talk to you about health insurance coverage. The Marketplace has a special time each year called open enrollment when you can sign up for a health insurance plan. But don’t worry if you miss that period! There are other times when you can still get coverage. It’s called a special enrollment period. You might be eligible for this special period if something important happens in your life, like losing your job or moving to a new place.

    It’s really important to have health insurance. To get coverage, you can shop on the Marketplace or look for private health insurance options. And here’s some good news: no matter what your health status or medical history is, you can’t be turned down for coverage.

    Did you know you can get a deduction for health insurance if you work for yourself?

    If you’re an independent contractor and you pay for your own health insurance, you can deduct the amount you pay from your total income when you file your taxes. This means the money you spend on insurance can benefit you in two ways. First, you’ll have the security of having insurance throughout the year. Second, when it’s time to do your taxes, you may be able to subtract more money from your income, which could mean paying less in taxes.

    Self-Employed HSA: A Handy Tool for Health Insurance

    Did you know that you can have your very own Health Savings Account (HSA) if your deductible meets the guidelines? For individuals, the deductible should be at least $1,350, and for families, it should be $2,700 (as of 2022).

    With an HSA, you can contribute a maximum of $3,650 (for individuals) or $7,300 (for families). Not only is it a great way to save money, but it also gives you a nice tax deduction. Plus, having an HSA provides an added layer of security for your health insurance plans.

    Now, the amount you can contribute may vary depending on how much you’re comfortable stashing away. Keep in mind, though, that you can only use this money for health care costs. If you withdraw it for any other reason, it will be taxed. That’s why it’s best to set up an HSA and gradually build it up as you can.

    Here’s a neat fact: once you reach the age of 65, you can take out the money from your HSA and use it however you like. It’s like having a little savings pot for your future needs!

    Which Health Insurance is Best for the Self-Employed?

    If you’re looking for health insurance, it’s important to choose a company that offers good coverage in your state. Some large companies like United, Aetna, and Anthem BCBS have policies with similar costs and features.

    How much does health insurance cost for self-employed individuals?

    You can find a Marketplace plan for less than $20 a month. However, keep in mind that these plans may have a higher deductible of over $6,000. Despite that, having some form of coverage is better than having no plan at all. Without insurance, simple medical care for something like a broken arm or leg could cost you more than $10,000.

    What is the maximum income to qualify for free healthcare?

    To qualify for free healthcare, your income must be at least 150% of the federal poverty level. It’s important to note that this figure is recalculated every year.