Affordable Self-Employed Health Insurance Options (2019)

From finding and choosing the best insurances for employed, now you can also choose the best insurance for self-employed people. Compare self-employed health insurances and find the best option available.
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self-employed health insurance

Being self-employed and Trying to find reasonable health insurance for self-employed then you do have a lot of choice to choose from. But, finding a one best self-employed health insurance option is a hard task to achieve. Thus, we are here with some of the health insurance options for you.

Below are Best Affordable Self-Employed Health Insurance Options:

self-employed health insurance plan

  1. eHealth Insurance

eHealth Insurance is treated as one of the ultimate cheap health insurance for self-employed options for the self-employed people. It has established corporations with more than 180 health insurance companies Some of them includes Aetna, Blue Cross and Blue Shield, AARP, Coventry Health, Humana, and Kaiser Permanente.

Features

  • Sell health insurance for self-employed policies via the Internet.
  • Headquartered in Mountain View, California
  • Licensed to market and sell health insurance for self employed
  • Partnerships with more than 180 health insurance companies
  • Refine your search for health insurance filters offered that includes:
    1. Premium Range
    2. Plan Features
    3. Office Visits
    4. Coinsurance Range
    5. Deductible Range
    6. multiple health insurances plans
    7. quote the top three plans

self employed insurance cost

Benefits of eHealth Insurance

  • Many Options to choose from
  • Easy to Search from various health insurance options available
  • Easy to Compare different kinds of self-employed health insurance offered
  • Tons of Information about self-employed health insurance
  • Search by Your Specific Doctor

2. Telemedicine services

Telemedicine services health insurance for the self employed allows you to speak to a qualified doctor by means of telephone or video call. It is a collection of means to enhance care and service provided. Thus, we recommend Telemedicine health insurance for self-employed as A budget-friendly health insurance. Thus, it serves to the small needs of patients at a much lower or reduced cost.

best health insurance for self employed

Features

  • Reducing hospitalizations Cost
  • Improving patient knowledge
  • Motivating patients to manage their own health with personal insurance
  • provide treatment recommendations
  • make an educated diagnosis
  • refer you to a primary care physician.
  • access to all of your medical records
  • Reduced cost

Companies offering telemedicine self employed health insurance services consist of:

Self-employed Health Insurance

  • HealthTap
  • Amwell
  • Providence
  • CallMD

3. Health Savings Account (HSA)

A Health Savings Account sanctions you to have much more restraint over health insurances. In addition, we also get a tax deduction. Moreover, you also earn interest on your money left in the account.

Health Savings Account

Features

  • pay for qualified medical expenses
  • uses a separate account.
  • an individually owned account
  • linked to a high-deductible health plan (HDHP).
  • save you 20-30{367c01af22dc6c3a8611ff25983b0f0a247ed9fc1c45fd9103ad49b47a0c5f39} on your medical expenses.
  • tax-free withdrawals

4. Secure doctor consultations

If you need to consult a doctor online regarding the minor health issues, then Secure doctor consultations is the best choice self employed health insurance for you as it could save your money and offer you great advices of doctor online. Moreover, it could also save money on the self employed health insurance deductible for your health insurance.

Features

  • ask a certified doctor
  • fast connectivity
  • a get second opinion
  • save both time and money on health insurance
  • can compare an online doctor consultation

5. GoHealth

GoHealth is a health insurance technology industry, which embrace more than 10,000 licensed insurance agents to serve people better.

Features

  • more affordable health care option
  • Online Enrolment
  • help navigate your self-employed health insurance plans
  • Nationwide Access
  • Lower Costs
  • offer self-employed health insurance for people with own business
  • Licensed Advisors

6. Healthcare sharing ministry

Healthcare sharing ministry is a share programme that helps you to save a lot more than any insurance would. you get access to a “shared box”, where you contribute on monthly basis for your as well as members of the shared box.

Features

  • health care costs are shared among members
  • lower cost
  • Alternative to Traditional Healthcare
  • an affordable self-employed health insurance option

Some other health share caring ministries are:

  • Samaritan Ministries
  • Medi-Share
  • Christian Healthcare Ministries
  • Liberty Healthshare

7. Organizations for the Self-Employed

There exist some self-employed specific organizations that help you to get a best self employed health insurance. Some of these organizations include:

  • The National Associate for the Self-Employed
  • The Freelancers Union
  • National Association of Health Underwriters

Features

  • Wellness programs
  • savings
  • Business and marketing tools
  • Client management apps
  • Personal development

What Affects Self-employed Insurance Cost?

Contrasting the other types of insurance, car insurance, medical insurance, taxi insurance, etc. numerous factors affect the cost of insurance likewise Self-employed Health Insurance cost is also affected by various factors. Some of the factors are:

  • Age: As you get old you need to pay more of your health insurance.
  • Location: The rules of the particular place where you stay can affect your Self-employed insurance cost and premiums.
  • Individual vs. family: Insurance plans covering family cost more than plans limited to individuals.
  • Tobacco use: If you are a tobacco user then you might get to pay more for your insurance premium.

Best Self-Employed Health Insurance Providers

  1. UnitedHealthcare

UnitedHealthcare Self-Employed Insurance is one of the largest independent contractor health insurance provider in the U.S. which offers a range of plans for the freelancer. You can opt for this insurance plan as it may not be the least expensive health insurance for self-employed option but surely can prove as one.

Features

  • Medical policies
  • A full spectrum of health benefits programs
  • ACA-compliant plans
  • Indemnity coverage
  • High-deductible independent contractor health insurance plans
  • Tax-saving health savings account
  • Offers a wide choice of providers
  • Online supervision

2. Kaiser Permanente

Kaiser Permanente healthcare for self employed is an affordable rates option, as well as a scheme offering a wide selection of options to its customers. It also offers a price advantage to the older people, but its availability is limited to just eight states and Washington, D.C.

Features

  • affordable rates option
  • a wide selection of options
  • offers price advantage to the of age people
  • nation’s largest not-for-profit health plans
  • adult membership
  • health trackers
  • Medical Records

3. Cigna

Cigna Life Insurance for self-employed offers individual plans in 12 states throughout the U.S. Moreover, it also offers some of the Dental plans. It consists of an expansive network of doctors with a practical assortment of health insurance plans. But, it does not have any short term plan for people. It is one of the best-known independent contractor health insurance companies in the US.

Features

  • collaborative accountable care
  • life and accident insurance coverages
  • serving selected international markets
  • offers a variety of Medicare Advantage plans

4. Humana

If you are searching for a widely accessible medical insurance for self-employed, then Humana medical insurance is the best medical insurance for self-employed option to buy. Though it is Available only in twenty-two states still offering its services throughout. It is also famous for providing an all-in-one solution.

Features

  • widely accessible
  • offers several different plans
  • Low-cost premiums
  • plans change depending on state or region

5. Aetna

Aetna health insurance options for self employed offers a broad range of health care plans to the people, that includes dental and vision plans and even travel insurance. Health insurance costs may vary according or depending upon the age of the insurer. But, still Aetna self employed health insurance is more reasonable than some other options.

Features

  • a broad range of health care plans
  • employee benefits products
  • improve the quality of health care.
  • sells traditional and consumer directed health care insurance
  • control rising costs
  • improve the quality of health care.

Things to Consider When Choosing Health Insurance

Individually every family has its specific priorities setup. Theses priorities decide the choices we made. Therefore, you should be knowing about your potential costs when you are choosing health insurance. So, with wide options to choose from let’s consider some points that would help you in choosing the best health insurance for self-employed plan for yourself.

health insurance options for self employed

  • Use a Broker or Agent for Comparing Plans

Try choosing a health insurance for self-employed plan with the help of a broker as he is the one that can clarify your doubts while you choose moreover, they will assist you in finding the best health insurance for self-employed workers. As you just need to provide a bit of information regarding your savings and cost you need to invest in health insurance premiums.

  • Subsidies you Qualify

Try to substitute plans that are currently working that would let you lower the cost of insurance.

  • Income Level

Your income level decides the premium you need to pay or want to pay to the health insurance companies. So, do know your income level and you need to invest in insurance plans.

  • Price of Plans

Try to optimise your plan price and pay only for what you need. It’s not that you need to compromise but you need to use health insurance for all that it is worth.

  • Where you Live

Your location mostly decides your premium you pay to the insurance companies. So, choose wisely depending upon your location or place or stay.

  • Deductibles

You should opt for a lower a plans of self employed health insurance deductible as this will let you get the higher premium, and add up to your need.

  • Length of Coverage

Go or opt for a long term health insurance plan as they will prove as quite beneficial for you. As most of the short term health insurance plans do not meet the ideals required but are cheaper than long term self-employed health insurance plans.

  • Family Members

If you add family members to your health insurance plan, then your cost is quite lowered and will be an added advantage to you and your health insurance policy.

Things You Should Identify about Your Health Insurance Policy:

There exist several things that one should examine and see before buying a health insurance policy for themselves. Out of the several things, some of the common ones are mentioned below:

  • Health Insurance Policy Number

an account is created by health insurance provider when you purchase a policy. And then you get an account number for identification and billing purpose. As well as a Health Insurance Policy Number on Card is also mentioned.

  • Healthcare Cost

Before finalizing the policy or plan one should know how much Life Insurance Do I Need, that will define the limits and cost of money one need to invest in policy in future.

  • Know how government subsidies

One should be aware about the subsidies government is offering as this will help you to earn subsidy.
Required documentation for self employed insurance:
Some of the common documents for self employed person for insurance that he needs to submit includes:

  • Pay stub
  • Bank Statements (personal & business)
  • Copy of last year’s federal tax return
  • Wages and tax statement

In case you are not able to provide a copy of the above mentioned documents for self employed person then there exist some other documents that you need to submit, accordingly; which are as follows:

For Income proof documents required:

  • Pay stub
  • Self-employment ledger documentation
  • Social Security Benefits Letter
  • Unemployment Benefits Letter
  • Copy of last year’s federal tax return
  • Wages and tax statement mentioned in W-2 and/ or 1099

For Self-employment proof documents required:

  • Book keeping archives, together with grosses for ALL allowable expenses
  • Bank Statements that can be personal & business both
  • profit and loss statement needed for recent quarterly or year-to-date
  • Tax return statement

For Unearned income proof documents required:

  • Annuity statement
  • Statement of pension distribution
  • gifts and contributions proofs
  • inheritances in cash or property proofs
  • severance pay proofs
  • Pay of Letter, deposit, or other proof of travel/business reimbursement
  • Pay stub indicating sick pay
  • Loan statement
  • Interests and dividends statement
  • Sales receipts
  • proof of money received from the sale
  • income statement, etc.

Tips for buying your individual health insurance

  • Review ALL your coverage options for health insurance
  • Identify when your enrollment period starts and ends
  • Know your health insurance tax obligations
  • Realize the true cost of any health plan
  • Buy minor life insurance policies
  • Pay attention to doctor and hospital networks
  • Identify When Your Coverage Actually Starts
  • Don’t be Anxious to Ask for Help

Conclusion

Take the time out and do yourself a favour by getting yourself a good Self-employed Health Insurance. As, with no insurance, you might save a bit by now, but in future having no insurance will cost you higher than what you have saved. Furthermore, self employed people can get the benefit for unemployment insurance for self employed. So, getting yourself the best health insurance for self employed can do you a lot good in future.

Frequently asked Questions

How much does it cost for health insurance self employed?

Choosing a self employed health insurance premiums will depend upon several factors, you want in your policy or plan. And these features add up to your cost. So, the cost of health insurance depends upon the factors you are choosing.

What health insurance cover should I choose if I’m self-employed?

Individual Health Insurance Marketplace is the best option for self-employed people who run their businesses. So, you should opt for individual Health Insurances for yourself.

Is Health Insurance Deductible If for Self-Employed?

Self-employed people get 100{367c01af22dc6c3a8611ff25983b0f0a247ed9fc1c45fd9103ad49b47a0c5f39} of their Self-Employed health insurance premiums. But it does not apply to your self-employment taxes. So, yes they are treated as a self employed health insurance Deductible expense.

What Is the Self-Employed Health Insurance Deduction?

Self-Employed Health Insurance Deduction is a deduction from income that you earn as a freelancer, which applies only to your federal, state, and local income taxes.

Is it cheaper to get your own health insurance?

Yes, getting your own health insurance is usually cheaper than an individual health plan you are opting for. So If you are searching for a lower cost health plan then you can opt for your own health insurance. As, it is going to cost you much less than what any other normal insurance plan could get you.

What is self employed insurance?

Self employed insurance provides protection to the people who work for themselves or are freelancers or self employed by providing Core covers.

Can I get health insurance though my LCC?

No, you cannot get a health insurance though LCC, but you can surely get yourself enrol in individual health insurance coverage for yourself.

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