Guide to Obtaining Health Coverage as a Self-Employed Professional
This article offers comprehensive guidance for self-employed individuals on how to access affordable health insurance. It explains different plan categories available through the Health Insurance Marketplace and other sources like professional groups and unions. The piece emphasizes the importance of securing health coverage to manage medical expenses effectively, detailing options suitable for varied needs and budgets. Whether you're a freelancer or run a small business, learn where and how to find the best health insurance plans tailored for the self-employed sector.
Individuals working independently or freelancing are not tied to a single employer, meaning they need to find their own health insurance options. You can explore plans through the Health Insurance Marketplace designed for individuals. If you have employees, even just one, the SHOP Marketplace is the appropriate platform for small business health coverage. Securing health insurance is crucial for self-employed individuals to protect against significant medical expenses. Options vary from low-premium plans to more comprehensive, higher-premium coverage with minimal or no out-of-pocket costs.
Marketplace plans are categorized into four tiers — Bronze, Silver, Gold, and Platinum. Bronze plans offer the lowest monthly premiums and are ideal for covering major health issues like injuries or illnesses, but routine care costs are out-of-pocket. Silver plans balance moderate premiums and costs, suitable for those needing regular medical services. Gold plans have higher premiums but lower routine care expenses, covering most treatments. Platinum plans have the highest premiums and minimal out-of-pocket costs, providing comprehensive coverage.
The following sources provide affordable health insurance options for the self-employed and freelancers:
Post-Affordable Care Act, individual plans can be purchased via the Health Insurance Marketplace.
The Freelancers Union offers various insurance plans tailored for independent workers.
If married or sharing a household with a domestic partner, you might qualify for joint health coverage, even without legal marriage.
Local chambers of commerce, professional associations, and independent worker groups often provide group insurance plans suitable for freelancers.
