What do people do for health insurance that are self employed?
From the Experts at My Private Health Insurance
If you’re self-employed or a small business owner, you already know the freedom of being your own boss comes with a fair share of responsibilities—especially when it comes to health insurance. Unlike traditional employees who get coverage through an employer-sponsored plan, self-employed individuals must navigate the healthcare landscape on their own. This can feel overwhelming, but the good news is: there are plenty of options.
At My Private Health Insurance, we specialize in helping small business owners, freelancers, gig workers, and independent contractors find personalized health coverage that fits their lifestyle and budget. In this guide, we’ll walk you through the top choices for health insurance if you’re self-employed—and how to choose the right one for you.
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Why Health Insurance Is a Must for the Self-Employed
Let’s face it—healthcare costs are rising, and one unexpected illness or accident can quickly drain your savings. Health insurance isn’t just about routine check-ups; it’s about peace of mind and financial protection.
For small business owners, staying healthy means staying in business. That’s why it’s crucial to find a reliable health insurance plan that covers the essentials—without breaking the bank.
Top Health Insurance Options for Self-Employed People
Whether you’re a one-person show or you run a husband-and-wife business, here are the most common options self-employed people explore:
1. Private PPO Health Insurance Plans
Private PPO (Preferred Provider Organization) plans are one of the most flexible and popular options for the self-employed. These plans typically offer:
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Nationwide coverage
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Out-of-network options
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Low deductibles and copays
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Access to top hospitals and doctors
At My Private Health Insurance, we help self-employed individuals find private PPO plans, off the exchange, that are tailored to their medical needs and financial goals. Many of our clients prefer this route because it gives them freedom, especially if they travel often or have family members in different states.
2. Marketplace Plans (ACA / Obamacare)
HealthCare.gov and state-run exchanges offer Affordable Care Act (ACA) plans that can be ideal for those who:
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Qualify for income-based subsidies
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Have pre-existing conditions
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Prefer no medical underwriting
While ACA plans are a solid option for many, they also come with higher monthly premiums and limited networks. For small business owners who don’t qualify for subsidies, a private plan may offer better value.
3. Health Savings Accounts (HSAs) and High Deductible Health Plans (HDHPs)
Some self-employed individuals pair a High Deductible Health Plan with a Health Savings Account (HSA). This combo allows you to:
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Lower your monthly premium
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Save pre-tax dollars for medical expenses
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Roll over unused funds year to year
This is a smart route if you’re healthy and want to plan ahead for unexpected medical costs.
4. Short-Term Medical Insurance
Short-term health plans provide temporary coverage, usually from 30 days to 12 months. These are best for:
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Freelancers between jobs
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Entrepreneurs waiting for open enrollment
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New business owners getting established
Keep in mind, these plans often don’t cover pre-existing conditions or essential benefits like maternity care.
5. Group Health Plans for Small Businesses
Even if you’re self-employed, you may qualify to set up a group health plan, especially if you’re running a business with your spouse or have even one employee. Group plans offer:
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Lower premiums due to risk pooling
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Tax advantages for employers and employees
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Robust coverage options
At My Private Health Insurance, we work with small business owners to create off exchange PPO plans for small businesses with as few as 2 employees.
6. Faith-Based Health Sharing Programs
These are not traditional insurance, but they do offer a community-based way to share medical costs. While they can be affordable, these programs are not regulated by the ACA and don’t guarantee payment of medical bills.
7. COBRA Coverage (for Recently Laid Off Individuals)
If you recently left a W-2 job to start your own business, COBRA allows you to continue your old employer’s plan for a limited time (usually 18 months). It’s convenient—but often expensive since you’re covering both your portion and the employer’s share.
How to Choose the Right Health Insurance as a Self-Employed Professional
Choosing the right plan can feel like information overload. Here are five tips to make it easier:
✅ 1. Assess Your Needs
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Are you healthy with minimal medical visits?
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Do you take regular prescriptions?
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Do you have dependents or plan to start a family?
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Do you travel frequently for business?
✅ 2. Understand Your Budget
Don’t just focus on monthly premiums. Factor in:
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Deductibles
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Copays
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Coinsurance
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Maximum out-of-pocket costs
At My Private Health Insurance, we help you weigh all the costs—not just the monthly bill.
✅ 3. Prioritize Network Access
Make sure your preferred doctors, hospitals, and specialists are in-network. PPO plans tend to offer wider networks than HMO plans, which is why many self-employed professionals prefer them.
✅ 4. Consider Your Business Structure
If you’re a small business owner with a spouse or team, you may qualify for more comprehensive group coverage. Our advisors at My Private Health Insurance can guide you through setting up a group PPO plan that benefits everyone.
✅ 5. Work With a Licensed Broker
Trying to do it all on your own can lead to costly mistakes. A licensed broker can help you:
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Compare plans across multiple carriers
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Understand fine print and exclusions
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Access plans not listed on government exchanges
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Find discounts and tax-saving opportunities
And the best part? Working with a broker like My Private Health Insurance costs you nothing extra—we’re paid by the insurance carriers.
What About Dental, Vision, and Supplemental Insurance?
Many self-employed individuals overlook dental, vision, and supplemental policies. These add-ons can be incredibly valuable, especially if:
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You wear glasses or contacts
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You need regular dental cleanings or orthodontics
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You want extra protection for accidents or critical illness
We can bundle these coverages with your health plan for convenience and savings.
Tax Benefits of Health Insurance for the Self-Employed
The IRS allows self-employed individuals to deduct 100% of their health insurance premiums as an above-the-line deduction. That means you don’t even have to itemize to save money.
Also, contributions to an HSA are tax-deductible, and any withdrawals for qualified medical expenses are tax-free.
Running a small business comes with many moving parts, but your health insurance shouldn’t be one of the confusing ones.
Common Mistakes to Avoid
❌ Waiting until you need care to apply
❌ Assuming ACA plans are your only option
❌ Choosing the cheapest plan without reviewing the coverage
❌ Not reviewing your options annually
With changes in income, family size, or business structure, your ideal health plan can change year to year. That’s why we offer annual policy reviews for all our clients.
Why Work With My Private Health Insurance?
At My Private Health Insurance, we specialize in matching self-employed individuals and small business owners with high-quality, affordable private PPO plans. We understand your lifestyle, your risk, and your desire to protect your income and your family.
Our process is simple:
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Quick consultation
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Personalized plan comparison
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Expert advice with zero pressure
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Ongoing support throughout the year
Off exchange Self Employed Health Insurance
Being self-employed means taking control of your career, your time, and your life. Don’t let the uncertainty of health insurance hold you back. Whether you’re a freelancer, gig worker, consultant, or small business owner, there is a health plan that fits your needs.
Let My Private Health Insurance help you protect what you’ve worked so hard to build. Contact us today for a free quote and personalized health plan review.