Self-Employed Health Insurance: A Comprehensive Guide for Freelancers & Contractors

Health insurance is complicated enough when you are employed by large company. But searching for self-employed health insurance can make you feel overwhelmed and frustrated. Read a few tips about getting health insurance as a self-employed person so you can make an informed decision.

Instructions

• 1

  Determine your financial situation to help you research different types. If you can afford to have a high deductible, your monthly cost decreases. Other variations that may change your monthly payment include higher coinsurance percentages, the amount you pay for routine care/office visits or prescription drug programs.

• 2

  Consider a plan that has a high deductible so you can take advantage of a tax-free health savings account (HSA). When you pay a higher deductible, your premiums will be lower on your self-employed health coverage. You deposit pretax dollars into your HSA and withdraw the money when needed to pay for medical bills that aren't paid for by your health insurance.

• 3

  Search the web. Numerous companies allow you to enter a few details and in turn they will supply you with a quote. EHealth Insurance is an excellent site that allows you to access quotes from various companies and compare plans. The different companies are ranked based on several factors.

• 4

  Get a health insurance agent. These agents provide quotes for self-employed health coverage and assist with questions.