National Insurance Direct

5 Important Facts About Self-Employed Health Insurance

You are a go-getting, self-starting, hardworking individual who has started a business, become an independent freelancer or consultant, or generally taken the leap into self-employment.


It is a very exciting time to be self-employed. There are over 15 million self-employed people living in the United States and the number continues to grow. Self-employment comes with a lot of perks from setting your own schedule to increased personal income, but it also comes with more responsibility.

One of those responsibilities is self-employed health insurance for you and maybe for your family as well.

It can be difficult to navigate how being self-employed affects your health insurance options. Maybe you are feeling confused, overwhelmed, or scared at the prospect of having to find an affordable and high-quality health insurance plan that meets your needs.

Look no further. The answers to your questions can be found below. Keep reading for 5 need-to-know facts when you are looking for self-employed health insurance.



1. You Can Purchase Insurance Outside of the Open Enrollment Period


Open enrollment refers to the yearly period of time in which an individual can enroll in health insurance for themselves or their family. Open enrollment is not exactly the same dates every year, but generally, it occurs between November and January. 

The open enrollment period for 2020 was from November 1, 2019, to December 15, 2019. 

Even though the open enrollment period fro 2020 is over, you may still be qualified to enroll even if you are self-employed. There are certain life events, such as getting married, moving zip codes, or losing your job that will qualify you to enroll for health benefits outside of the designated open enrollment period.

See if you qualify for special enrollment outside of open enrollment by answering a few simple questions with a qualified agent.

Keep in mind that if you qualify for Medicaid or the Children’s Health Insurance Program (CHIP) you can enroll at any time.

If you are self-employed, you can use the Health Insurance Marketplace to purchase a health care plan. Keep in mind that if you select a plan from the Marketplace it is essential that you pay your first monthly premium because your coverage will not start until you have done so.

The bottom line is that you do not have to enroll during open enrollment to gain access to self-employed health insurance. There are options!



2. You Can Afford Health Insurance


One of the biggest concerns of self-employed individuals is that they will not be able to afford high-quality health insurance. 

This is a myth!

Large businesses may get good rates on health plans for their employees but this does not mean that if you are self-employed you cannot have the same access to affordable rates for health insurance.

There are plenty of affordable health care plans for self-employed individuals to address their healthcare needs and the needs of their families.

Premium rates for self-employed individuals may differ dramatically depending on your personal situation. It is best to get a personalized quote before purchasing your health insurance plan.

If you want to get a realistic estimate of how much you will have to pay for your health insurance as a self-employed individual, the easiest way is to contact an agent that specializes in purchasing health care.

Together with a specialist, you can determine what level of coverage is right for you and what that will cost you or your family. There are plenty of options, so don’t let the price discourage you from finding health insurance.


3. There Are Short Term Health Insurance Plans If You Are Not Ready To Commit

If you are relatively new to self-employment and are not sure how long you will be self-employed, or if you just are not ready to make a decision on a healthcare plan, there is short-term, limited-duration health insurance.

These plans last from 12 months up to 36 months of coverage depending on whether you choose to renew.

Not all states allow the purchase of short term plans, so be sure to do your research before deciding on this plan. If you live in Texas, Utah or West Virginia short term health insurance plans are available for purchase.

If you purchase short-term insurance you will still be eligible to purchase a different health plan when your short-term plan runs out. So, it’s perfect if you are not certain what your employment status will be in the next year.

4. You Can Access Private Insurance 


What if your previous insurance before you were self-employed allowed you to see a doctor you really like. Can you still go see that doctor?


You can purchase health insurance directly from private health insurance companies. If you already know of the private health insurance company that allows you to see your favorite doctor or specialist, you can contact them and ask about purchasing a plan. 

Before you purchase a plan through a private health insurance company, you can ask questions and do research on which doctors and facilities they work with. This way, you can ensure continuity in your care if that is a priority for you!

Self-employed insurance does not mean exclusively state or federal health insurance plans. If you are interested in a private health insurance plan you have access to those as well and can even find them on the Marketplace.


5. You Don’t Have to Navigate Health Insurance Selection Alone

Maybe being self-employed has taught you how to be self-sufficient and you prefer to do things on your own. Great! 

But if you are feeling overwhelmed by the idea of health insurance for the self-employed, there are websites with agents that specialize in finding you the right health insurance coverage in your budget. Let them do the work!



You Can Do This!

Don’t let the stress of finding self-employed health insurance get in your way. You have much more important things to spend your time and energy on. Contact us today and get started, you won’t be disappointed!