What are the best health insurance companies to use as a self-employed individual? Finding the right health insurance as a self-employed individual can feel overwhelming, but having the right coverage is essential for your well-being and financial security.
With so many options available, knowing the top companies that cater to self-employed professionals can help you make an informed choice.
These companies stand out for their comprehensive plans, affordability, and tailored features designed to meet the unique needs of freelancers, entrepreneurs, and small business owners.
Whether you’re looking for broad network access, low premiums, or excellent customer service, the right health insurance can give you peace of mind while you focus on growing your business.
Hence, in this blog post, we will be providing you with some of the best health insurance companies that you can use as a self-employed business individual. So, stick with us for the best options.
8 Best Health Insurance Companies For The Self-Employed
Choosing the right health insurance is essential for self-employed individuals, ensuring access to quality healthcare without straining their budget. Below are some top health insurance companies that offer valuable plans tailored to meet the needs of freelancers, entrepreneurs, and small business owners.
Blue Cross Blue Shield (BCBS)
BCBS is a top choice for self-employed individuals due to its budget-friendly premiums, deductibles, and copays. With policies offering competitive silver plan rates, it’s an affordable option, especially for older adults awaiting Medicare.
Operating in 36 states and with a vast network of 1.7 million healthcare providers, BCBS ensures easy access to care for its members.
UnitedHealthcare (UHC)
Known for excellent customer service and comprehensive plan options, UHC offers unique perks like affordable generic prescriptions and a user-friendly mobile app to help members find providers and estimate costs.
The company also emphasizes mental health and stress management. Although UHC provides high-quality services, its plans tend to be more expensive and are available in only 22 states.
Oscar
Oscar stands out for its low copays and diverse plan types, including programs targeting specific health conditions such as diabetes, heart disease, and pregnancy. It is also the only provider among its peers to offer a weight-loss program.
However, Oscar’s availability is limited to 18 states.
Aetna
Aetna offers essential health benefits under the Affordable Care Act (ACA) and allows for premium tax credits, which can significantly lower monthly costs for eligible individuals.
While their bronze plans may have higher deductibles and copays, Aetna provides diverse plan options and remains an affordable choice even for those not eligible for tax credits.
However, Aetna operates in only 12 states and provides optimal benefits in areas with CVS locations.
Kaiser Permanente
Kaiser Permanente combines affordable premiums with a streamlined system where the insurer owns its hospitals and clinics. This setup reduces paperwork and simplifies the healthcare process.
Kaiser is ideal for self-employed individuals with busy schedules but is available only in eight states and Washington, D.C. Additionally, their HMO plans may limit coverage to in-network providers.
Molina Healthcare
For budget-conscious individuals, Molina’s Bronze and Silver plans provide affordable options without sacrificing quality. While ACA plans are only available in 14 states, Molina ensures reliable coverage and low premiums.
It’s an excellent choice for self-employed individuals looking for cost-effective care.
Cigna
Cigna offers cost-effective health plans with helpful features like online consultations and home delivery of prescriptions. Available in 12 states, its HMO and EPO plans provide flexible and accessible healthcare options for self-employed individuals.
Cigna’s focus on convenience makes it a strong contender for those seeking easy-to-use services.
Humana
Humana is best known for its flexible PPO plans, allowing members to choose their primary care provider without higher costs. Its Medicare Advantage plans, some with $0 premiums, are particularly attractive to older Americans.
While members can see any doctor, staying in Humana’s vast network offers additional savings.
Conclusion
Health insurance is a critical investment for self-employed individuals. Balancing costs, coverage, and tax benefits can help ensure access to quality care while managing expenses effectively.
Each insurer varies by state, so evaluating your options carefully will help you find a plan that fits your needs and budget.