Group Health Insurance For Freelancers – Health insurance is a complicated and often frustrating topic for which we are given no direction – And I know it’s a topic that often hinders
I have good news: there are many great health insurance options for freelancers.
Group Health Insurance For Freelancers
More freelancers (and aspiring freelancers) need to know their options—so we’ve done the research for you to help you finally cross “finding health insurance” off your list.
How To Get Your Health Insured If You Are Self Employed?
This will be divided into sections for US readers and then for non-US readers, so it’s very clear which ones may apply to you in your country.
We are not medical professionals. We don’t know what is best for you and your health – consult the experts. We’ve just done our research and gathered the possible options for you.
Let’s start in the US, where it is probably the most difficult to find an affordable health insurance option.
If you’re in the US, it’s a great idea to explore all of your options before choosing the health insurance plan that’s right for you.
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According to the World Population Review, the US spends the most on health care per person each year, which can then translate into expensive health care for individuals—up to $3,200 per person.
The good news is that even though American health insurance is expensive, you may qualify for a better plan or lower premiums than with a traditional employer.
Being self-employed allows you to choose the exact type and amount of cover that makes sense for you – and this can save you money, lots of time.
Because health insurance varies from state to state, it would be wise, of course, to do your own individual research.
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If you are under 26 – congratulations! Since 2010, under the Affordable Care Act (or ACA), you can stay on your parent’s plan until your 26th birthday.
If you’re over 65, you’re eligible for Medicare, and the government also pays a large portion of your health care costs.
ACA is a viable option for some freelancers or businesses. Plans are divided into 4 categories: Bronze, Silver, Gold and Platinum, each varying in quality and coverage.
The Health Insurance Premium and Subsidy Calculator can help you get an estimate of your unique health insurance coverage!
Membership Organizations And Health Insurance
If you’re considering leaving a job where you have health insurance, you may be able to take advantage of COBRA (or the Consolidated Omnibus Budget Reconciliation Act – but that’s a mouthful!).
A government regulation from 1986 offers ex-employees the right to extend their cover, usually up to 36 months, by assuming their premium payments.
This could be a super affordable option for those leaving traditional jobs to start a freelance career as a temporary solution while you figure out your next steps and grow your freelance business.
They offer self-employed health insurance plans in several states, including New York, California, Florida, and Texas.
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Its mission is to ensure a better future for entrepreneurs in America. They are free to join and worth checking out!
With over 56 million Americans doing some type of freelancing last year, hopefully this type of insurance group will continue to grow in popularity.
This tip won’t apply to everyone because let’s face it, sometimes it can be very difficult to save money! But if you can swing it, it’s a great idea to have some money set aside before you leave the company plan.
Deductibles on cheaper plans can be very high, so it’s a great idea to set aside an amount equal to or greater than your deductible in a high-yield savings account before you leave your job and hopefully won’t need to use it. .
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For example, choose the $300/month plan, but keep the $5,000 deductible just in case!
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Just for context – I’m writing this as a non-American and have never lived in the US; I was almost always covered by public health insurance, where the amount I paid per month depended on where I lived.
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The only time I wasn’t on public health insurance was when I was traveling full-time; I had global private health insurance at the time. In my experience, my global private health insurance has been great. It was with NOW Health – and I was paying around €200-300 per month.
I can’t go into each country’s specific system – but option 2 below will be very helpful in getting something tailored to you and your needs.
They are aimed at small and medium-sized businesses and allow you to match your needs with your company’s budget.
By pooling resources among business owners, these plans allow small businesses access to coverage previously only available to large corporations. Definitely worth a look!
Your Health Insurance Options When You’re Self Employed
A health insurance broker is a licensed benefits professional who helps individuals and businesses navigate the health insurance selection process from start to finish.
I honestly didn’t know this was a thing – but I ended up using a Pacific Prime broker while traveling to find my global health insurance called Now Health and it was AMAZING.
The consultation was completely free (I assume they get a kickback when we choose a provider through them) and our contact was incredibly helpful and found me many options VERY specific to my situation: where I wanted to travel, what coverage I wanted, deductible items, my citizenship, etc.
This is, in my experience, the BEST option for anyone who feels overwhelmed by the process of researching and choosing their own coverage, which I’m guessing is most of us.
How To Get Health Insurance If You’re Self Employed
They will go over all your options with you and customize a plan to fit your unique situation and budget.
This is just one last quick option – if you have a spouse or domestic partner with a traditional job that provides benefits, you can sign up to receive benefits under their plan.
Simple and effective. Not everyone has access to this option, but we’ve included it because if it applies to you, it’s the easiest and most obvious option to get great coverage.
Employer-provided plans tend to be one-size-fits-all, while individual plans allow you to choose the exact type and amount of coverage that makes sense for you.
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If you are currently freelancing and have found a health insurance solution that you like, let us know in the comment sharing circle here on Youtube.
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DBM Bootcamp® is an 8- to 12-week bootcamp that trains you in planning and managing digital projects, managing remote teams, optimizing business systems, and scaling digital businesses alongside entrepreneurs and business owners HAND PICKED FREELANCE INSURANCE PLANS When you through us you buy insurance, you support our advocacy at no cost.
Open enrollment is the one time of the year when you can purchase or modify your health insurance plan for the following year. This year’s window is from November 1, 2022 to January 15, 2023. If you miss it, you’ll have to wait until next year.
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For more information on how Open Enrollment works, watch our short video. To find your perfect plan, enter your zip code in the box above.
Elevate your freelance business with a full suite of benefits from our partner Professional Employer Organization, including PPO plans with out-of-state coverage for residents of New York, New Jersey and Pennsylvania.
Freelancers Union, Inc. (FU) is not a licensed insurance agent. Freelancers Insurance Agency (FIA), a 100% subsidiary of FU, is a licensed health insurance producer in New York, California, New Jersey, Pennsylvania, Texas, Georgia, Florida, North Carolina and Colorado and is the agent of record for dentistry. sales only in these states.
FIA is a licensed property and casualty insurance producer in New York, California, New Jersey, Pennsylvania, Texas, Georgia, Florida, North Carolina and Colorado only. The FIA has contracted with Hiscox Inc., a nationally licensed insurance manufacturer. In addition to New York, Pennsylvania, New Jersey, California, Texas, Georgia, Florida, North Carolina and Colorado, Hiscox acts as an insurance agent.
Best Health Insurance Options For The Self Employed
All New York individual health insurance plans on this page provide in-network coverage only, except for urgent or emergency care depending on the carrier’s policy. Only plan highlights will be displayed. All conditions, limitations and exclusions stated in the insurance policy apply to the coverage.
You should consider your needs when choosing products. FU does not make specific product recommendations for individuals. Each insurance company has sole responsibility for its products. FU and FIA are not insurance companies. According to the Kaiser Family Foundation (KFF) 2020 Employer Health Benefits Survey, the average premium for family health insurance coverage has increased
