Health Insurance for the Self-employed: What Are Your Options?

Navigating health insurance as a self-employed individual can be daunting. Without an employer to provide coverage, you must explore various options to find the best plan for your needs. One viable route is purchasing health insurance through an insurance broker.

Why Consider an Insurance Broker?

Licensed insurance brokers can assist you in comprehending and navigating the intricate landscape of health insurance. Unlike agents tied to specific insurance companies, brokers advocate for you, the consumer. They generally have access to an array of plans from various insurers, enabling them to provide impartial advice customized to your unique requirements.

Benefits of Using a Broker

The following are some potential benefits of using an insurance broker to get health insurance:

• Expert guidance—Brokers are typically well-versed in the intricacies of health insurance policies. They can explain the differences between plan types and help you understand terms like deductibles, copayments and out-of-pocket maximums.

• Personalized recommendations—By assessing your health needs and financial situation, brokers can recommend plans that offer the best coverage at the most affordable price. They can also help you determine if you qualify for subsidies or tax credits through the Affordable Care Act (ACA) marketplace.

• Time-saving—Shopping for health insurance can be time-consuming. Brokers streamline the process by doing the legwork for you, comparing plans and presenting you with the best options.

• Ongoing support—A good broker will offer continued support even after you’ve purchased a plan. They can assist with claims, policy changes and renewals, helping you always have the coverage you need.

Learn More

For health insurance near you, contact Fitzwilliam Insurance Service.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.