Navigating Health Insurance as a Freelancer

Start by evaluating your healthcare needs to determine what type of coverage is necessary for you. As a freelancer, your health insurance should be flexible yet comprehensive enough to cover your regular medical care and any unexpected health issues. Consider factors like pre-existing conditions, regular medications, and the likelihood of needing specialist care.

Freelancers have various options, from purchasing through the Health Insurance Marketplace to joining freelancer-specific groups that offer health plans. Research different plans' benefits, premiums, deductibles, and out-of-network coverage. Use tools available on healthcare.gov or state-specific sites to compare plans and determine which provides the best balance between cost and coverage.

If you choose a high-deductible health plan, consider pairing it with a Health Savings Account (HSA). HSAs allow you to set aside money pre-tax for medical expenses, and the funds do not expire. They can be a financially savvy way to manage out-of-pocket expenses while reducing your taxable income.

Healthcare.gov. (n.d.). Health coverage if you're self-employed. U.S. Centers for Medicare & Medicaid Services. Link to Source