Having health insurance can be a great warranty to protect you from many issues. However, you might find it hard to find one where you can register as self-employed. Thus, it is better to check the private health insurance for self employed for better coverage.
The plans for a self-employed person require different coverage because of different lifestyles from other general members. A participant might get a better discount and an essential offer from the insurance company. Here are the best companies for your consideration and the tips to choose one from them.
The Tips for Choosing Private Health Insurance for Self Employed
1. Reputable
Always choose the insurance company which has the best reputation. It is important because there are some issues when the members are trying to claim insurance. A company that is not stable financially should be avoided.
Usually, the reputable company has a large network. They are also customer friendly so the claim shouldn’t be a hard thing for them. You can browse and check their reliability before choosing one. The process should not be an issue since you pay the premiums.
2. Checking marketplace option
Some insurance companies provide a marketplace option for payment. It means they have a good reputation and their network is larger. This is a benefit for the members because they can trust the company better. The marketplace is also better than private exchange or broker.
3. Special enrollment period
The special enrollment period will help you to pay a lower premium. Some companies reject registration in November and December because they do not want to make the members lose a lot of money due to annual payments. You can check whether or not they offer a special discount for this.
4. Treating it as a business expense
The income from a self-employed person is hard to predict. Sometimes, they get higher and sometimes they have great losses. So, it is better to treat the private health insurance for self employed as one of the business expenses. It should be on your budget based on the payment period you choose.
5. Get more promo
You can enjoy a lower premium by getting promos and benefits. This is a benefit for the self-employed, so they can save more money after paying the premium. You have to check whether or not you are qualified for this option. Always have a consultation for this to get the best price.
The Best Private Health Insurance for Self Employed
1. United Health Care
This is a good company because it has a large network. The provider gets a great rating from the customers and it is highly trusted. The company has its app, so the member can get better access to claims, pay the premium, and get support from customer service.
In the United States itself, the United Health Care is networking with more than 6500 hospitals. They have special offers for the self-employed who have a family. The plan is way cheaper for the family than for the individuals. The family plan is only about $1200 per month.
Additional features such as apps are a great help from this company. The members can check the details of their plan from the app, and even manage their prescription. You can get your digital ID card from the app, so you don’t need to go to the company to get it.
2. Oscar
Oscar is the best insurance that has the best plan for a self-employed. The pricing is excellent with a wider range of coverage. The company has an app for all members where they can get rewards for a certain period of claims. The best benefit that it offers is $0 for virtual care and assistance.
For self-employed people who are very busy with their business, Oscar is helpful because some programs can be tracked online. The plans fit many types of self-employed, so this provider is the best one out there. The members pay lower than average as well by buying a premium plan.
3. Molina Healthcare
Molina is covering the smaller region in the US, and every plan available in this company is affordable. The insurance is cheap and also deductible which is worth buying for a self-employed person. The best feature that you can get from Molina Healthcare insurance is Teledoc with $0.
The disadvantage of this insurance is there is no dental checking available. The main reason is the premium price is already low, especially for the self-employed who purchase silver and bronze plans. However, it covers most medical programs including the emergency case.
4. Aetna
If you purchase the premiums via ACA, you will get a lower price. There is 24/7 virtual care, and it costs $0, so it will be very flexible for a self-employed person. If you use Minute Clinic service, they will charge you at a very low cost.
The best offer from Aetna is purchasing premiums based on its tax credit. If you get a lower income because of your self-employed situation, you will pay lower premiums than others. It applies otherwise. They will help you to calculate the cost reduction.
The best thing about Aetna is the offer for clients who are in the poverty category. If your income is less than 150% of the poverty level, you can buy a silver plan for free. Always talk to your Atena agent before purchasing the plan.
5. Humana
Humana is also one of the best out there with well-rated advantages. If you are self-employed with a family, Humana is the best option. The plans are very flexible and affordable for families too. The premiums are not costly compared to other insurance companies.
This insurance company is the best option if you want to play a low-cost premium with only basic care coverage. The disadvantage is you might find it hard to switch the hospital and doctors. Therefore, you have to go to the same medical service as registered with this insurance.
The private health insurance for self employed is different from those plans for the workers. The calculation of the premium is based on the tax credit where everyone pays a different amount of money. Find the best one for you, so you can get health protection