As a freelancer or self-employed individual in California, the independent nature of your career is balanced by the lack of some traditional employment benefits. With increased freedom comes increased responsibility as you manage the details of your professional and personal life independently. 

Unlike traditional employees who often receive health benefits through their employers, you're responsible for finding and managing your own coverage. But fear not, because there are options available to ensure you have access to quality healthcare when you need it most.

Covered California Provides a HealthCare Plan Marketplace

One option for health insurance is the Covered California marketplace, where you can explore various plans and choose one that fits your needs and budget. Covered California offers a range of plans from different insurance companies, allowing you to compare prices, coverage levels, and benefits. Plus, depending on your income, you may qualify for financial assistance to lower your monthly premiums and out-of-pocket costs.

Health Insurance Can Be Obtained Directly from Providers

Another option for freelancers and self-employed individuals in California is to purchase health insurance directly from an insurance company. Many insurers offer individual and family plans that you can tailor to your specific needs. While this option may require more research and comparison shopping, it gives you the flexibility to choose the right plan for you without going through the Covered California marketplace. Working with an experienced health insurance broker can help you sort through the options available to you. 

Understanding Your Health Insurance Options

For those who are relatively healthy and don't anticipate needing extensive medical care, a high-deductible health plan (HDHP) paired with a health savings account (HSA) can be a cost-effective option. HDHPs typically have lower monthly premiums but higher deductibles, meaning you'll pay more out of pocket for medical expenses until you reach your deductible. However, you can use funds from your HSA to cover qualified medical expenses, and contributions to an HSA are tax-deductible.

Options Might be Available Through a Parent or Spouse

If you're under the age of 26, another option to consider is staying on your parent's health insurance plan if they have one. According to the Affordable Care Act, young adults can remain on their parent's plan until they turn 26, providing a temporary solution while you establish yourself as a freelancer or self-employed individual.

If you’re married, joining your spouse’s healthcare plan (if they have one) can seem to provide the most obvious solution. However, not all healthcare plans are right for all people. If their plan is not a good fit for your needs, you aren’t required to join it, and you are free to utilize one of the other options listed above. 

Ultimately, the key to finding the right health insurance as a freelancer or self-employed individual in California is to research your options thoroughly and consider your specific needs and circumstances. So take the time to explore your options and make an informed decision that gives you peace of mind, knowing you're covered in case of illness or injury. 

We can help with that part! Call us at Bay Area Health Insurance, and we will begin reviewing your options together. Health insurance is a big decision, with regard to both your healthcare and your finances, so let’s take the time to make the decision carefully together.