What Is Self Employed Health Insurance?
Self employed health insurance is health insurance coverage for people who have neither an employer or employees, but bring home taxable income. Some examples of individuals who might need self employed health insurance include consultants, contractors, freelancers, etc. Getting coverage for yourself will help you avoid paying a penalty for being uncovered and protect your business as well.
Even if you have one employee other than yourself, you may be eligible for small business group health insurance.
What Options Do You Have?
1. Healthcare Marketplace (Obamacare)
You can go to the market and choose your health plan.
2. Short Term Health Insurance
If you miss open enrollment period, you can purchase short term health insurance. It’s pretty cheap, but doesn’t cover much.
If you have access to health insurance coverage from a previous employer, parent or spouse, you can continue that coverage for up to 36 months depending on the circumstances.
Some associations like national association for the self-employed (NASE) offer health insurance as a benefit to join. But they are usually not cheap.
5. Health Cost Sharing
You can join health networks like liberty healthcare to cover yourself, and save some money at the same time.