Insurance for Self-employed – Top Insurance Options for Self-employed

Insurance for self-employed is not an option. Being your boss and having the flexibility to create your schedule are two benefits of working for yourself. Accompanying the benefits is the obligation to have health insurance.

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You can still discover a range of individual and family plans to assist in prioritizing your family’s health and wellness if you don’t have access to employer-sponsored health insurance.

Insurance for Self-employed

Insurance for Self-employed

If you are the owner of a business, whether it employs others or not, you are deemed self-employed.

Individuals who work for big businesses or organizations but aren’t considered employees, like consultants, physicians, real estate brokers, attorneys, and freelance authors, independent contractors in industries like plumbers and electricians, and business owners operating alone are considered self-employed.

Best Insurance Companies for Self-employed

The top-rated companies for self-employed include:

  • Blue cross blue shield.
  • Oscar.
  • Kaiser Permanente.
  • Aetna.
  • Cigna.

And many others.

Top Insurance Options for Self-employed

Consider the options below if you don’t have employer-sponsored insurance (ESI) or access to a working spouse’s or parent’s plan.

  • Federal or state marketplace: If you work for yourself, the federal health insurance marketplace, is the best place to start your search for a health insurance plan. Like a one-stop shop, it helps you choose a plan that suits your needs. Most states make use of the marketplace, which had its start as part of the Affordable Care Act (ACA). However, people in 17 states have access to their marketplace website.
  • Medicaid: Under the Medicaid program, those with incomes below 138% of the federal poverty line are eligible for free insurance. The maximum income for single people is $20,120, and for a family of four, it is $41,400.2 The number of children and disabilities also affects Medicaid approval.
  • Medicare: For those over 65, Medicare is government-sponsored health insurance. If your company does not offer insurance, Medicare may be a suitable alternative, albeit you may still be required to pay a premium based on your tax history.
  • Military programs: For active-duty military personnel and their families, the federal health insurance program TRICARE is available. Survivors, military retirees, and their families, and members of the National Guard and Reserve are also covered. You can also apply for VA coverage if you’re a veteran; this coverage can be augmented by other insurance policies.
  • Short-term medical plans: For managing coverage gaps between plans and making the switch to self-employment, short-term medical insurance can be useful. They provide coverage that is less extensive but yet reasonable.

Direct enrollment or private exchanges, member organizations, Limited benefit plans, Health care sharing ministries (HCSM), and private health insurance are also top considerations.

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What Factors Affect the Cost of Insurance for Self-employed

A ton of factors affect the cost of insurance which includes:

  • The number of people you need to cover.
  • The level of coverage needed.
  • Habits like smoking.
  • Your age.
  • Your location.
  • Your health status.

And many others.

How to Obtain Insurance for Self-employed

Follow these steps to obtain insurance for this category of individuals:

  • Visit the official websites of any of the insurance providers earlier mentioned like Kaiser Permanente at https://kp.kaiserpermanente.org
  • You will find their contact information displayed on the webpage.

You can reach out to them for further assistance with the application process.

Frequently Asked Questions

Below are some frequently asked questions.

As a Self-employed Individual, do I Need Health Insurance?

For health services (including routine screenings, sick visits, operations, or hospital stays), paying out of pocket can get very costly. Investing in a health plan can assure you that all expenses will be covered if you require medical attention. Additionally, this may result in improved general health results.

Where can I Purchase a Self-employed Health Insurance Plan?

You can purchase a health plan as a self-employed individual through your spouse, the marketplace, an insurance company, Medicaid, etc.

What Is the Cost of Self-Employed Insurance?

The location, degree of coverage, and particular plan you choose all affect how much it costs.


Insurance for self-employed is an investment in your well-being and peace of mind, not merely a financial need.

Having comprehensive coverage as an independent worker means you can concentrate on running your business rather than worrying about unforeseen medical bills.

Put your health first, whether that means looking into short-term insurance, using the Health Insurance Marketplace, or routinely reviewing your alternatives.