The Best Ways to Find Health Insurance If You Are Self-Employed

Many individuals who are self-employed have trouble finding good health insurance coverage and perhaps you are one of them. While the process may be difficult, there are ways to get around some of the hassle. Of course, there are a few factors to take into account during the process such as the features of the coverage plan and the cost of the premiums. Considering that about one third of the American population is now working for themselves, it means there are many people in a similar situation that you might find yourself in.


More people now than since 2008 are without any type of health insurance. As of 2011, this rate was up to 17.1% and still climbing. Other individuals who want to be self employed don’t want to leave their jobs because of the issue of obtaining a new type of coverage. If they left their job, they might be looking at a monthly bill of about $600 to pay for this insurance. For most individuals, this amount isn’t considered reasonable.

This leads to the question of how to find health insurance if you are self employed. When you work for yourself, there are plenty of benefits. These benefits can lead to having an amazing job. What would make the situation even better is if you could find affordable insurance that covered the necessities for your situation. That opportunity may be on its way.

Starting in 2014, the health care reform law, introduced as the Affordable Care Act in 2010, will allow individuals under the age of 65 to purchase health insurance through state insurance exchanges. Anyone with low or moderate incomes may be entitled to tax credits for their expenditures on this coverage.

Individuals who are self-employed can claim the full cost of their health insurance plan on the federal tax forms. The 7.5% AGI limitation does not pertain to these expenses. You can get the coverage that you want without being concerned about the restrictions for claiming these costs.


One of the major aspects of obtaining suitable health insurance pertains to pre-existing medical conditions. Aside from being able to obtain the coverage through state insurance exchanges for a reasonable price, even if you have a pre-existing health condition, you are still eligible. This has the potential to have a major impact on the lives of many self-employed individuals who work at home because of an illness or injury.

In the case that you are above 65 years of age and have just retired from a company that you don’t own, even though you may be self-employed now, there is a chance that you can receive coverage from your former employer. About 6% of small companies offer health insurance benefits to their retirees. If the coverage was terminated when you retired, check to see if they have an optional plan for your type of situation.

There are companies that allow retirees to purchase certain insurance options for the group rate price if you have served a certain number of years with them. The price of the premiums is usually a lot cheaper that having an outside insurance policy. This type of coverage might be the best option in such a situation.

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