Health insurance for the self-employed: What are the options?

If you’re self-employed and have no health insurance, finding coverage can be overwhelming. The choices available to you aren’t always obvious, but don’t worry; there are affordable health care options out there that may work for you. Here are a few ideas to get you started:

Purchase an individual health insurance plan

Consider talking with a health plan advisor to explore what individual health insurance plans might work for you. Typically, a good option for the self-employed is a policy with low premiums and high deductibles; but as always, the best plan for you will depend on your specific coverage needs and what works with your budget. A health plan advisor can help you identify what components to look for when comparing plans from various insurance providers.

Join your spouse’s health insurance plan

Before you consider this option, make sure you are eligible for health care coverage under your spouse’s plan. Some employers do not cover spouses, or the plan may limit the number of people who can receive coverage. If you’re not sure how to verify the details of the plan, have your spouse check with their human resources representative for help.

Assuming you are eligible, confirm with the insurer how to join the policy. Most providers hold open enrollment at least once a year during which new family members can be added to the plan as dependents.

Join a professional group

Some professional and trade groups offer group coverage options, or discounts on coverage to its members. For example, members of the State Bar of Michigan have access to a number of benefits and discounts, including discounts on health coverage. Research online or call member services of any professional organization you are involved with to learn what options may be available through your membership.

Explore your eligibility for Michigan’s pre-existing condition insurance plan

If you have a pre-existing condition, you may be eligible for coverage via HIP Michigan. Among the requirements for eligibility, you must have been uninsured for at least six months and must have a pre-existing condition, or have been denied coverage because of your health. The plan provides a broad range of benefits including primary and specialty care, as well as prescription coverage.

To learn more about your coverage options, ask questions, and see answers, visit Health Insurance Central.

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