15 Feb 2019

What is the Best Health Insurance for the Self-Employed?

What is the Best Health Insurance for the Self-Employed?

From freelance writers to independent website designers, more and more people are choosing to be self-employed. While going this route means more freedom and control over not only how, but when you work, there are a few downsides. Namely, finding your own health insurance.

Once you become your own boss, the benefits previously handed to you in a nice package no longer exist. Leaving you alone to find health insurance coverage not only for yourself but your dependents as well.

Best Health Insurance Options for Self-Employed

If you have chosen to be your own boss, there are health insurance options available. Sorting through them to find the best one for your situation and budget may prove to be time-consuming and confusing. With that said, we’ve compiled the following for you to consider when looking for self-employed health insurance available to entrepreneurs.

Health Insurance Marketplace

The State/Federal Marketplace has excellent coverage options for the self-employed. With several categories to choose from offering plans with affordable premiums, you are eligible to enroll if you are an independent contractor, consultant, freelancer, or other types of an independent contractor with zero employees.


Quite a few people qualify for low cost or free coverage through Medicaid, including those with low income, disabilities, families and the elderly. There is no enrollment period so you can apply at any time. Even if you think your income may be too high, it’s worth trying as you may eligible in your state.

Coverage Under a Spouse’s Plan

If you are married, consider family coverage under your spouse’s plan. Even if you are not legally married, you may be eligible for coverage under a family coverage plan. To qualify you must share a home, live a domestic life together, and are not married to anyone else.

Private Health Insurance

For those with children or chronic illnesses requiring regular doctor visits, considering a plan through a private insurance company may be worth the additional premium dollars. However, with pre-existing conditions, your options may be limited.


If you are leaving or have left a job where you had coverage under a group health insurance plan, COBRA may be a suitable option for you. Under COBRA you are allowed to stay on your employer’s health insurance temporarily. To do so, you must make the monthly premium, and there may be other eligibility requirements. If you were not previously employed, this would not be an option for you.

Other Options

You may want to consider special interest groups as well. Here are a few to check out.

  • The National Association for Self-Employed
  • The National Association of Health Underwriters
  • The Freelancer’s Union

Depending on your particular field, there may be other groups offering self-employed health insurance for their members.

Things to Consider When Shopping for Health Insurance

Budgets may be tight when you are self-employed but going without health insurance is not the way to cut costs. It could cost you more in the long run if something medically significant happens. With that in mind, there are insurance options to ensure you are saving the most money you can.

High Deductible Plans

Choosing a plan with higher deductibles can save a significant amount on monthly premium costs. Just bear in mind, when you do use benefits, you will pay more out of pocket before your insurance coverage kicks in.

Shop Multiple Plans

There are several tiers for health insurance plans all with different coverages and costs. Be sure to first consider your current needs, then explore all your options before deciding on one.

Check to See if You Qualify for Subsidies

You may be eligible for health insurance at no cost or a reduced premium depending on your income bracket.

To learn more about health insurance coverage available to you as a self-employed individual contact the professionals with HealthQuoteInfo.com at 1-855-614-5057. Our licensed insurance experts will be happy to answer any questions you have.


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