19 Sep 2019
health insurance on laptop, stethoscope, and cell phone

Here’s how independent workers can secure health care coverage.

While working for yourself comes with a high degree of flexibility, it also comes with increased responsibility.  One of the things that you will be responsible for is securing your own health insurance.  Not sure where to begin when it comes to your coverage?  Then here are the health insurance options you should consider.

Health Insurance Marketplace

Self-employed individuals can secure healthcare coverage through the Health Insurance Marketplace.  For instance, this coverage option is open to independent contractors, freelancers, contractors, and other types of independent workers that do not have employees.

You can access this coverage option at HealthCare.gov, where you will be asked a series of questions to confirm your eligibility.  Once your application is approved, you will have the option to select different coverage plans.  Two of the most popular coverage types include the following:

  • Higher deductible plans– These plans are some of the most affordable healthcare coverage options available. Because you are paying a higher deductible on this plan, you have lower premiums.  This plan is best for people who are in good health and don’t anticipate future accidents.  To secure one of these plans, you need to apply within the open-enrollment period.
  • Medicaid– Many Americans have access to low-cost or even free healthcare coverage through the Medicaid insurance program. You can access this coverage option if you are low-income, qualify for disability, or are over the age of 65.  While you might not qualify for Medicaid based on your income, some states will accept self-employed individuals into this program.  There is no enrollment period for Medicaid, so you are free to apply at any time.

Insurance Companies

If you do not qualify for health insurance through the Marketplace, then you can work directly with different insurance carriers to secure the coverage that you need.  If you work with an independent insurance agency, then they have coverage options from multiple carriers.  An agent will compare these offerings on your behalf, present you with the best options, and allow you to choose the policy that best fits your budget, enrollment window, and other needs.

These are some of the health insurance options that self-employed individuals should consider.  Do you need help securing health coverage?  If so, then contact the experts at Patterson & Associates in Richardson, Texas.  We are ready to assist you with all your personal insurance needs today.