How Much is Health Insurance for Self-Employed Individuals

Are you self-employed and looking for health insurance? You are not alone. In the United States, millions of self-employed individuals need to find affordable health insurance. However, with so many options available, figuring out which plan is best for you can be difficult. 

We'll provide an overview of the different types of health insurance available for self-employed individuals, as well as the average cost of these plans. Then, you'll better understand deductible benefits and how to find affordable health insurance near you. By the time we're done, you should better understand how much health insurance costs for self-employed people and what kind of coverage is right for you.

Do I need private health insurance if I am self-employed?

If you are self-employed, having private health insurance is essential. Let's take a look at our top three reasons why it is important for self-employed individuals to have private health insurance.

Financial Protection — In case of an unexpected illness or injury, private health insurance can help cover the costs associated with medical care, such as doctor's visits, hospital stays, prescription drugs, and more. Without private health insurance, these costs could quickly add up and become financially overwhelming, leading to bankruptcy.

Access to Preventive Care Services — This includes routine checkups, screenings, vaccinations, and other services that help keep you healthy and reduce your risk of developing a serious illness or condition. Having access to these services can help you stay healthy and avoid costly medical bills down the road. So stop living a reactionary life, and be proactive with your health.

Peace of Mind — Knowing you are covered gives you confidence and assurance. You don't have to worry about the financial burden if a medical emergency arises. Having private health insurance can help minimize the stress and anxiety associated with facing an unexpected illness or injury. 

What kind of private health insurance is best for self-employed people?

Before considering costs, it is important to determine the kind of health insurance that best meets your needs. With so many options available, it can be challenging to determine which type of health insurance is right for your individual needs. 

When choosing an affordable private health insurance plan, it's important to consider your individual needs and circumstances. Working with an expert can help you find the best-customized options for your situation and ensure you get the coverage you need at a price that fits your budget.

Here are some examples of different situations that might require different types of private health insurance: 

If you are a freelancer — Individual health insurance is the most common type of private health insurance for self-employed and self-made career people, with about 13 percent of Americans having an individual health plan in 2019. This type of plan covers only one person and typically includes a deductible and co-payments. However, it's important to note that individual plans are not always the cheapest option, as they don't offer the same discounts as family plans.

If you have a family — Family health insurance is another option for self-employed individuals with dependents or a spouse who also needs coverage. Family plans are usually more expensive than individual plans, but they can provide significant savings if multiple people need coverage. Additionally, some family plans offer additional benefits, such as vision and dental coverage, that may benefit growing families.

If you have a specific job type — Some private health insurance plans are tailored for specific occupations. For example, if you're a real estate agent, you may want to consider realtor health insurance. These plans often offer specialized coverage and discounts that are specific too realtors that allow them to focus on the success of their business and the needs of their clients while still getting the coverage they need.

What is the average cost of self-employed health insurance in the United States?

The average cost of self-employed health insurance in the United States can vary significantly depending on plan type and needs. On average, individual plans can cost over $450 per month, with family plans reaching at least $1150. In addition, these rates have been seen to increase with inflation by as much as 5% each year.

However, these prices may not represent the lowest available option for health insurance. Depending on your location, you could find more competitive prices from different providers. Working with the right team and ensuring you have the coverage that best fits your needs could save a lot on self-employed health insurance costs.

How can I find affordable self-employed health insurance near me? 

If you're wondering how freelancers and contractors can get affordable health insurance, working with the right person is key. Having someone knowledgeable about policies, plans and where to save money can help you decide on the best policy for your needs.

Working with a broker or independent agent is the most cost-effective approach to finding self-employed health insurance. They can assess your budget and needs, provide access to different plans that fit within those parameters, and help you choose the right coverage at a reasonable price. Having someone who understands the nuances of each policy is really important — it could mean the difference between thousands of dollars spent over the life of a policy.

Another great way to find affordable self-employed health insurance is by shopping around. Your broker will be able to help you compare plans and providers, which can open up more options for cost savings. This lets you compare and see which plans have the best coverage at the most reasonable rate. For example, you'll be able to find the affordable family health insurance you need to protect your loved ones or the truck driver health insurance to match your specific lifestyle. 

No matter what type of self-employed health insurance you need, having an advocate to help you through the process will make it easier and more cost-effective for you in the long run. With the right team on your side, finding affordable healthcare is possible.

If you're ready to start exploring your options, reach out to us here at United National Healthcare for a no-commitment consultation. We'll work with you to find the best coverage for your needs and budget so that you can enjoy life without worry. So get in touch today — we look forward to serving you!