Self-employed Health Insurance for Gig Economy Workers

Individual and Family

Self-employed Health Insurance for Gig Economy Workers

Published on July 13, 2018


If you are a gig economy worker, it’s likely that you’re not considered an “employee” by the company you perform services for. One of the effects of this status: no access to employer-sponsored health insurance.
So what can a gig economy worker do for health insurance? Keep reading to understand the wide variety of options available to you.

What is self-employed health insurance for the gig economy?

Self-employed health insurance is not exactly an insurance product, but rather a way to explain health insurance bought by individuals who work for themselves. And gig economy workers often fall into this category of “being in business for oneself”, self-employed, or a contracted worker that needs to find health insurance
When it comes to finding and getting health coverage, you probably face special challenges. To truly learn everything you need to know about self-employed health insurance, check out our Buyer’s Guide for Entrepreneurs.

What types of self-employed health insurance is available to gig economy workers?

There are quite a few options on the health insurance market for those seeking self-employed health insurance. As a gig economy worker choosing your own health coverage, it’s important to assess your needs, understand the costs of health insurance, and compare different plans. By taking some time to learn what’s out there, and what coverage might be a good fit, you may end up getting more use out of your self-employed health insurance. Keep reading to see what some of your options are.

Major medical or Obamacare insurance

If you want the full-range of benefits, then a major medical or Obamacare plan might be right for you. These plans are compliant with the Affordable Care Act (ACA), and cover all the ten essential benefits. Although these plans can often cost more than alternative options, if you qualify for Obamacare subsidies, then you might be able to get this extensive coverage at a reasonable price.

Short term health insurance

Short term health insurance is a product with plenty of alluring traits for those who have to buy their own insurance, like gig economy workers. Short term health insurance demand has been steadily increasing ever since the implementation of the ACA, according to an eHealth report.  Although these plans were originally intended for temporary coverage, 27 percent of respondents to eHealth’s report said they purchased health insurance due to affordability.
Due to its affordability and flexibility regarding when you can enroll in it, short term health insurance might be a great options for many individuals in the gig economy. Although you won’t get as extensive benefits as you would with Obamacare plans, if affordability and basic coverage are your main concerns, then looking into short term plans is definitely worth it.

Various alternative products for health coverage in the gig economy

As an individual working in the gig economy, and facing the challenge of finding self-employed health insurance, all of the options available might be intimidating. At eHealth, we aim to help connect people with the insurance plans and products that will be serve them the best.
If you feel that traditional, major medical (also called Obamacare) plans are not the right type of self-employed health insurance for you, then it’s important to educate yourself about what else is out there.  You can shop for affordable alternatives to Obamacare on eHealth. Some of these health insurance alternatives include:

  • Medical insurance packages
  • Medical indemnity insurance
  • Accident insurance
  • Critical illness insurance

It’s important to know that these are health insurance products, and are not a substitute for health insurance. Although you can save money by purchasing such products, you should understand that you will not be receiving the same extent of health benefits with these alternative products.
Visit eHealth to get free quotes, see plan specifics, and start shopping for your self-employed health insurance.

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