Affordable Health Insurance for Freelancers

One of the great benefits you lose transitioning from corporate life to being a freelancer is health insurance. In today’s episode, I discuss options for affordable health insurance for freelancers.


Hey everyone, Mike Volkin here from Freelancer masterclass and Freelancer school podcast today, boring subject, but I’m gonna try to make it as fun as possible. It’s called, or it’s titled The affordable health insurance for the self-employed so many freelancers that want to go full time into freelancing and don’t have a corporate job or like how am I going to get health insurance? Well, I’m going to outline some of the most common ways that freelancers go about that first of all, Cobra so if you just left your corporate job, Cobra lets you temporarily keep the same employer-based health plan you had at your old job.

You can do that for up to 18 months. Yes, everybody’s heard of Cobra. And yes, it’s expensive. But hey, it’s pretty easy to make that transition the plan you’re already familiar with. And it’s already in place, and you just got to sign up, it’s really easy to sign up, and you’re good to go. You don’t have to worry about health insurance for 18 months, just try not to get sick because it’s pretty expensive. But at least you’re covered, right? And then there’s short term health insurance. So short term policies have high out of pocket costs and are unlikely to cover pre-existing conditions. So if you’re that type of person that has a pre-existing condition, maybe your short term health insurance policy is not for you. Maybe industry-specific health insurance is right for you. And that option is for everyone from caregivers to College Alumni groups, and but always read the fine print in these situations. So you’ll avoid paying more for a plan that gives you less in the way of healthcare compared to going in alone in the Health Insurance Marketplace.

Okay. Now the last big one I want to talk to you about is health insurance. If you’re permanently self-employed, these are all your entrepreneurs out there, your freelancers, your consultants,

who don’t have a corporate job and I say corporate in quotes, private health insurance. It’s a plan that offers a wide range of benefits from access to in-network providers and hospitals and annual checkups and preventative care. Now, what you need to do if you’re interested in private health insurance is simply to contact an independent insurance agent for details. One of our friends, one of our lead instructors at Freelancer masterclass owns the company, Pogo co Piaggio CO and they specialize in health insurance for the self-employed. So go ahead and check them out. They’re going to give you some great options.

We have a lot of freelancers that use them and are very happy with them. Another option is healthcare sharing ministries. You may have never heard of this before. But check this out. It’s out

Something that does exist. It’s not technically health insurance. It’s more like a group of people who belong to an organization, like a church or a ministry. And what they do is they pull their money together into a fund, and they use this fund to pay for major health care costs for the members of their group. Now, it is a good option is healthcare sharing ministries if you’re healthy and don’t have any dependents, but there are downsides. Okay. So namely, there are restrictions on what the ministry might agree to pay for and might not agree to pay for. And ministries are not regulated by the ACA, the Affordable Care Act, okay. So what that means is they’re not required to cover your pre-existing conditions. So if you’re interested in something like that, if you don’t have dependents and you don’t have pre-existing conditions, then a health care sharing ministry may very well be a good option for you. So I hope that was a quick getting down and dirty way to kind of examine the different aspects of affordable health insurance for you. If you are self-employed. Good luck.

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