Freelancer’s Guide to Insurance

May 5, 2017

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Lead Copywriter

When you’re a freelancer, you’re your own boss and HR person.

That means you don’t have anyone on staff to help you understand things like health insurance, life insurance, dental insurance and more.

Lucky for you, we’re experts in the health insurance world (and other insurances!), so we’ve created an Insurance 101 guide especially for freelancers.

The Hows, Whens and Whys of Buying Health Insurance

  • When to Buy a Plan: If you’re buying your own health insurance in 2018, you’ll only be able to buy November 1st–December 15th. This period is known as open enrollment and it has been shortened to 45 days this year. You could possibly purchase insurance outside of this time if you have a qualifying event. A qualifying event is stuff like losing a job that provided health insurance, getting married or divorced, having or adopting a child and more. Check out our handy list of qualifying events to see if it pertains to you.
  • How to Buy a Plan: Let’s say you’re buying insurance, whether it’s during open enrollment or during a qualifying event. You’ll want to buy a plan anywhere that is accredited to sell health insurance, whether that’s or us, KindHealth! (Hint, hint: We sell the same health insurance plans as AND any other health insurance site. We also make the process suuuuper simple and don’t sell your information to spammers.) Wherever you buy your plan, you’re going to want to see if you qualify for subsidies. Many freelancers might find that their income enables them to get discounted health insurance. According to, people who make under $30,000 a year are typically eligible for subsidies.
  • Why to Buy a Plan: Even if you don’t qualify for subsidies, you’re really going to want to buy health insurance. Why? Because not only are you not covered in case of an emergency–which can total thousands upon thousands of dollars in medical bills–but because you’re also penalized for not getting a plan. In 2017, the penalty was $695 or 2.5% of your income. But again, we can’t stress enough how important it is to have health insurance. Not having insurance can make everything complicated, from not being able to afford quality medical care to finding yourself in major medical debt. Don’t gamble on your health.

Interested in Covering Yourself Even More?

Did you know that health insurance isn’t the only insurance you can buy? There are insurances for just about everything, including:

  • Deductible insurance: Does your health insurance plan have a high deductible? For a low payment each month, this insurance will cover your deductible in certain situations. This insurance is good for people who have a high deductible. (Read more about and purchase deductible insurance here.)
  • Dental insurance: This insurance will help cover dental maintenance and dental work and is a low monthly payment. It’s good for people who need a lot of dental work done.
  • Vision insurance: This insurance will help cover eye exams, contacts and glasses and is a low monthly payment. It’s good for people who wear glasses or contacts.
  • Life insurance: If you should pass away, this will help your family with funeral expenses, loss of your income, children’s educations and more. Your payout all depends on what plan you select. This insurance is good for people who want to make sure their family is protected.
  • Critical illness: This insurance pays a lump sum if you should develop a disease (that is covered by that insurance plan). It’s good for people who may have a family history of disease.
  • Accident: This insurance will cut you a check immediately should you get into an accident. This insurance is good for people who are accident prone.
  • Hospital: This insurance is extra protection should you find yourself in the hospital, particularly if your current health insurance plan doesn’t cover certain hospitals or doctors. It’s good for people who may not have a robust health insurance plan.
  • Disability: This insurance will cover you in case you find yourself with a disability. You can either get weekly or monthly payouts. It’s good for people who have jobs that could injure them.
  • Hospital and doctor fixed indemnity: This is supplemental insurance that helps offset upfront medical costs. It’s good for anyone who anticipates many medical visits in the future.

Still Need Help?

If you’re still like “OMG I don’t understand insurance at all!” just give us a ring at 1-888-871-3864. We’re happy to chat insurance with you. Also, follow us on Twitter, Facebook and follow our blog for helpful tips on traversing the complicated world of insurance!