According to the most recent data from the Bureau of Labor Statistics, there are 9.6 million self-employed workers in the U.S. That number is projected to grow to 10.3 million in 2023. One big consideration for self-employed workers is finding health insurance.
As I’m sure you know, this is a big topic.
Since I’ve had to go through the process, I wanted to provide some information about your options to help you navigate finding affordable coverage. There are many different considerations that go into selecting health coverage.
Make sure you consider all different angles and consult with your spouse before making a decision.
If you are lucky enough to have a spouse with access to an employer plan, that is likely your cheapest option. Otherwise, you may want to consider COBRA, or buying private insurance via healthcare.gov. If that isn’t an option you can look into health sharing services such as Medishare.
Before we get started, I wanted to address some questions that I’ve seen pop up here and there regarding health insurance for the self-employed.