How To Get Better Health Insurance If You're Self Employed | TIPS TO SAVE ON YOUR MEDICAL EXPENSES

Want to know how to get better health insurance if you're self employed? Look no further! Today I'm going to be running through a variety of health insurance (and non-health insurance) options to help you get great coverage at a lower cost. I'll also be sharing my top resources and tips to save money on your medical expenses as well - so be sure to watch till the end!

If you're self-employed or work in the gig economy, then you've probably come across the difficult situation of shopping for health insurance. Here in the US, health coverage is heavily tied to employment status, so if you're in the gig economy or someone who is self-employed, health insurance options can be really expensive. That's why I wanted to share some of the lesser known options out there, and ways you can combine different options for better coverage but at a lower rate!

And again, be sure to stay tuned to the end of the video where I talk about my top resources and tools to use to save money on a variety of medical expenses & dental expenses. These tools have saved me THOUSANDS of dollars, so I wanted to share them with all of you as tried and true resources (and I'm not personally affiliated with any of these companies. I'm just such a huge fan that I love sharing about them!)

SIDE NOTE: I know the audio is a little rough. Bear with me! I forgot to change my audio levels while recording. Whoooops.

DISCLAIMER: I'm not a health insurance agent. The information in this video is just from doing my own research as a self-employed individual and my own experience of utilizing a variety of coverage options. If you are considering different health coverage options for yourself, it is always best to talk these options over with a licensed health insurance agent or broker.

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►TIME STAMPS:
0:00 Introduction
1:31 Commercial Insurance
3:07 Private Insurance
4:25 Direct Primary Care (DPC)
6:53 Ancillary Policy + DPC
8:15 Commercial Insurance + Ancillary Policy
9:53 Health Sharing Ministry
10:53 Short Term Health Insurance
12:13 Tools to save on your medical expenses
18:04 Final Thoughts

RESOURCES MENTIONED IN THIS VIDEO:

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[CrystalSkulls]

What websites do you use to find ancillary policies and private health insurance?

[johnwebb]

I'm an independent health insurance broker an I just wanted to complement you on this video. You did such a comprehensive job of providing real solutions! Good Job!!! : )

[MariaGarcia-gvhj]

Healthcare insurance is a cornerstone in anyone's financial strategy. Ensuring comprehensive coverage not only safeguards my well-being but also protects my hard-earned investments. Big ups to everyone working effortlessly trying to earn a living while building wealth. I’m 63 and my husband 65 we are both retired with over $5 million in net worth and no debts. We started late but saving and investing lifestyle made it possible for us this early even till now we earn monthly through passive income❤

[kristinmichels]

1. The Marketplace is definitely still an option if you're making over $50k per year. Those tax credits scale based on income and the caps are much higher (at least right now in 2024).

2. Please do your research on Health Care Ministries, they don't all work the way they're supposed to.

3. If you have 2-3 different insurances (not including dental and vision), be warned that it will get VERY confusing when you do have a significant claim.

[MarcusDavis-wkmo]

I’m about to transition out of corporate America back to self employment and this is the first video on a long journey. Your video drew a clear picture of the options out there. Thank you so much for this.

[francosuarez]

This is a gem of a video. I help people find the best coverage for them in the Health Marketplace, in Texas. Many people qualify for Zero premium and NO Deductible plans, and I also recommend ancillary plans for those who chose HSA plans. I even find disability plans for self-employed people who get their money back if they are never disabled.

[enialeragandap]

for someone who just migrated to the US and don't have any single idea with the healthcare system here, this is so helpful! Thank you Victoria! Glad ive found your channel

[samgarong]

This was VERY helpful. I find it can be hard to find self-employed/gig worker help on youtube. Thank you very much!

[jasminec]

This was an exceptionally informative and comprehensive video on healthcare options. I found myself without healthcare in between my last two jobs and could have used this at the time. I chanced it without insurance and just happened to be lucky during that time. As I look to start building income outside of an employer, being informed about my options gives me peace of mind.

[tonyd]

One of the clearest presentations on the topic, well done😊 Many insurance professionals struggle in their delivery of information in a concise and non biased way, you killed that🎉
Thanks for the info

[zcnsfmd]

Really glad I came across your channel.. Recently retired but still have a year before I qualify for Medicare.. This info will really be helpful in getting the gap coverage I need.. Excellent video.

[laurenfannaly]

I’m an independent agent. You did a great job. I’ve had every type of insurance except Medicare, but I’m a licensed Medicare agent. It’s a lot. It’s confusing and most of all people don’t know how to combine plans like you explained to reduce out of pocket costs. I would add a Health Savings Account to the possibilities for some to save money. Thanks so much for a great video! I may share with some of my clients. ❤

[enlightenedhealthcareguru]

Hey Victoria- Im licensed in 24+ states- Excellent job explaining a complicated subject simply and effectively! One note though- Private Health Insurance plans aren't usually more expensive then Marketplace plans if you're middle income or higher. Some of them actually give you reduced rates (& excellent benefits) for simply being healthy! 😉 I also have some other tips/hacks if you're interested! Wishing you all the best Victoria! -Bree

[rebeljadesfire]

Dental plans are a lifesaver. I recently saved almost 50% off major dental work.

[pearlivory]

I wasn’t anticipating making a lot when I quit my job. So I got the government subsidized health insurance and then towards the end of the year I got a new client and made a lot of money and did not make any changes. Low and behold, I owe the government approximately $2500 back when I filed my taxes

[vizualrhythm]

Thanks Victoria! Your presentation was on point for getting people to know what this racket is all about. I like how you gave us options!!

I've never had to buy "health" insurance after becoming an adult. But later on after finding out how corrupt the US medical system is I ended up dropping the idea thinking there was nothing good. After getting married, I've seen the things that could happen to your spouse and how ridiculously high these med bills can be.

[jztouch]

Thank you so much! I’m transitioning to self-employment and have been feeling really nervous about health insurance. I didn’t know about these options so thanks for sharing!

[OlikeLea]

Hi.. thank you for your video.. I have been on a nerd out with insurance. Lost insure due to a temporary leave from work out of state. So far I have found KNEW health as a cost share ( they are really on board with functional medicine, group visits, and are non religious/denomination) and looking to supplement with some kind of catastrophic. Feeling a good fit for my situation.

Totally recommend checking them out. Again thanks <3

[CRWorld]

Thanks for the help,
My wife didnt qualify because the VA sends disability funds, even though it all goes to bills.
We take care of our 101 year old grandmother and since shes in our home, so they also use her as a income.

We get strike for helping helping.

Im going to look more into this.

[monicadenise]

I really appreciate the information. I’ve been paying out of pocket since the pandemic and it is not fun or cheap. My dentist has come up with one of those plans you mentioned but it is still expensive to get the actual work done. Again thank you for sharing.