Finding Self Employed Health Insurance


While many individuals rely on group health insurance coverage from their employer, self employed health insurance has often been a challenge for many people. Many self employed people find it difficult to access coverage, particularly if they have pre-existing medical conditions. When people who work for themselves can find insurance coverage, it may be prohibitively expensive or come with a high deductible, leaving these individuals financially vulnerable if faced with a major medical crisis.

Beginning in October of 2013, the Affordable Care Act will allow those who need insurance, but who aren’t eligible for group coverage, to shop for insurance through a health insurance marketplace. Insurers can’t turn you down because of pre-existing conditions. If you are concerned about the cost of premiums, be aware that in 2014 you might be eligible for discounts on the cost of your health insurance if you meet specific income requirements.

In addition to being able to participate in the health insurance marketplace, you may be entitled to tax relief as well. If you work for yourself, you may be able to deduct the cost of your self employed health insurance premiums from your taxable income, which can result in significant tax savings. Talk to your accountant or tax specialist for more information about your options.

United Way is committed to supporting healthy communities. While health insurance coverage for both the self employed and regular employees is important, people still need to take responsibility for their own health by eating a healthy diet, exercising and seeking preventative health care. In many communities, United Way actively supports community health initiatives and needs volunteers to assist in these efforts. Think about how you might be able to support your community by choosing to LIVE UNITED and participate in community health programs.

Have you been able to access self employed health insurance? What have your challenges been?