When you’re self-employed, you wear all the hats—CEO, CFO, HR, and even the janitor on some days. But there’s one crucial role too many entrepreneurs and freelancers overlook: being your own benefits manager.
The biggest health insurance mistake self-employed individuals make?
Choosing the cheapest plan without a long-term strategy.
On the surface, picking a low monthly premium seems smart. You’re saving cash, right? But what most don’t realize is that those plans often come with high deductibles, limited provider networks, and out-of-pocket costs that can crush you during a medical emergency—or even a routine checkup.
Worse yet, many people opt for ACA marketplace plans or go uninsured altogether, not knowing there are private health coverage options that offer better benefits, lower out-of-pocket costs, and flexibility—especially tailored for high-income or healthy individuals.
If you’re self-employed and in relatively good health, you may qualify for custom, underwritten plans that aren’t advertised online. These often come with benefits like:
- Nationwide coverage
- Access to any doctor or hospital
- Major medical protection without the massive deductibles
Before you settle for a plan just because it’s the “easiest” or “cheapest,” talk to someone who can walk you through options most people don’t even know exist.
Take control of your coverage and your cash flow.
Call or text us at 813-761-2836 or email team@rwealthgroup.com to explore your best-fit health insurance options today.
Reference:
National Association for the Self-Employed (NASE). “Health Coverage Options for the Self-Employed.”
https://www.nase.org/business-help/healthcare/health-coverage-options-for-the-self-employed