It can be a nightmare trying to figure out what insurance plan to buy.  It can be especially stressful when you are self-employed.  There is no written rule on how to buy insurance; there are ways to make it easier for you.               

   Figuring out how much health insurance cost is confusing.  Cosmo Insure is here for all your health insurance questions. Everyone’s insurance rate varies.  According to the Department of Health and Human Services, in 2016, the average American with a federal marketplace plan paid $106 a month after subsidies.  This proves having insurance is possible and affordable when you are self-employed.

One in three workers is now choosing to earn income from working independently.  By 2020 it is estimated that 50% of the workforce in the US will have some type of freelance work.  Luckily, there are options for health insurance for the self-employed.

-The Freelance Union: aims to provide independent contractors with adequate rights, protections, and professional benefits.

-The Affordable Care Act: Provides low and middle-income purchasers with subsidies to make buying health insurance more affordable.  It prevents insurers from refusing to cover people with a preexisting condition.  The ACA requires health insurance plans in the individual and small market groups to cover ten health benefits.  Lastly, the ACA requires large employers to offer affordable, minimum value health insurance to all full time employees.

-Using your spouse’s plan-: If you’re lucky enough, you can be insured by your partner with an employer who offers benefits.

-COBRA:  By law, employers must offer COBRA carry-over health and dental coverage for up to 18 months for you when you leave your job.

-Purchase your own plan:  Although this option can be expensive, as long as you are healthy, you can sign up for plans that offer low premiums and high deductibles.

  Cosmo Insurance Agency knows the ins and outs of the health insurance world.  We can provide you with the best options for health insurance.  Feel free to call us out your own convenience at 732-363-3888.

 

CONTACT US

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SOURCE: https://www.thebalance.com/getting-self-employed-or-freelancer-health-insurance-4147449

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