Many freelancers and entrepreneurs mistakenly believe that medical coverage is too expensive or difficult for them to purchase on their own and so they go without leaving themselves open to financial and health disasters. Self employed health insurance will never be cheap, however it is well worth budgeting for even if you think you can’t afford it.
If you are relatively young and healthy, consider getting a high deductible or catastrophic insurance plan. While these will leave you with quite a high amount to pay out of pocket should you fall seriously ill or injured, it will limit the amount you owe and also help ensure that you have access to the treatment that you need.
If you belong to a guild, union or trade association, ask if they offer group health plans to members and how to become eligible. Be sure to compare any plans to individual policies – depending on the make up of the group, you might be able to do better on your own.
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