This video offers guidance for independent contractors (1099 workers) on navigating health insurance options outside of traditional employer-sponsored plans. Below are the 7 options laid out in this video
- Health Insurance Marketplace: Independent contractors can use state exchanges or the federal exchange at healthcare.gov to find health insurance.
- Private Insurance Plans: These can be purchased directly from insurers or through independent brokers.
- Short-Term Insurance Policies: Offer temporary coverage for specific periods, usually between 3 and 12 months.
- Professional/Trade Association Plans: Some associations provide group health plans to their members.
- COBRA Continuation Coverage: Allows individuals who’ve left a job to temporarily maintain their previous employer’s health coverage.
- Eligibility Varies: While many options are available, independent contractors need to research to determine which plans they qualify for.
- Parents Plan: If you’re under the age of 26, you’re more than likely eligible to be covered under your parent or parent’s health insurance plan.
