Health Insurance

Tips For Buying A Health Insurance For Freelancers


There are many benefits of being a freelancer or being self-employed. Freelancing allows you to do things your way, on your own time. You don’t have to worry about being under someone. There are many more opportunities for growth and learning as a freelancer. All these factors make freelancing a great experience. But, freelancing has some downsides. Your employed friends don’t have to worry about some things, that you now have to work around. This includes health insurance, job security, regular payment, and more.

Out of all these, health insurance, in particular, can be challenging to deal with. It is common for the company you work for to provide you with a health insurance plan. In many places, the law requires the employer to provide you with proper medical care. But, as a freelancer, you may have to figure this out on your own.

To make the process of buying a health insurance plan easier for you, here are a few tips. These can help you make the right decisions when it comes to buying health insurance online.

The Earlier, The Better

One of the key challenges of freelancing is that you don’t have a set income every month. Some months your income will be higher, and some months it will be lower. This means you never know what the future brings and must always stay prepared.

This is very true for your health insurance plan as well. You never know when a medical emergency will strike you. This is why it’s always a good idea to hope for the best and prepare for the worst. You don’t want an emergency to hurt your savings seriously. At the same time, you also don’t want to miss out on proper medical care due to a lack of funds. This is why having a health insurance plan is so important.

You should always look at how your freelancing journey can get you a health insurance plan. This will mean one less thing to worry about going forward.

Know What You Need

Before buying insurance online, it is important to know your needs. There are a lot of factors that you need to consider before you can decide upon anything. Once you know what you need, it will be easier to find a health insurance plan that is well-suited for you.

Additionally, when buying health insurance, you must know yourself very well. Health insurance plans consider the following:

  • Your personal medical history
  • Medical history of your family
  • Drinking and smoking habits
  • The type of work you do (for example, are you working in a place that can affect your health?)
  • Your fitness level and workout habits

All these factors help you to understand the coverage you need and your monthly premiums.

Do Your Research!

The most crucial part of buying not just health insurance but anything is to do your research. Many companies offer various plans and services. Doing your research to understand which plan is best for you is essential.

You can compare health insurance online, talk to your peers, and take advice from your doctor. This can make it easier for you to decide and help you find better offers. You will rely on your health insurance when you are in a dire situation, so it needs to be trustworthy. Make sure you look at all the details. Don’t forget to read the fine print, and the terms to know what you are getting into before it is too late.

Stable Rates, Affordable Premiums, & Discounts

When buying health insurance online as a freelancer, one important thing to ensure is that your policy has fixed or stable premiums. Many health insurance plans have low premiums at the start of the policy, which later increases as time goes on. It is essential to go for a plan with a stable premium that won’t increase after you buy it.

Another factor you can consider is to look for plans with discount offers. Some plans tend to offer discounts on the monthly premium if you didn’t make any claims in the previous year. This can be handy as you never know how much work you will have the following year when freelancing.

Think Family Insurance

You can get more benefits for a lower monthly premium if you have a family health insurance plan. This can be better than a personal plan in some cases.

It is always better to buy a family or group insurance plan. With the help of a family insurance plan, you keep yourself and your family safe at lower premiums. It is a win-win situation!

Avoid Fraud

There is no shortage of scammers, frauds, and fake insurance agents. Insurance agents can often sell you a bad policy with no benefits but high premiums. You must be wary of these people. If you are buying health insurance online, make sure you only do so from a trusted website.

You will be sharing your personal information when purchasing a health insurance plan. This is why it is necessary to take great care so that no one misuses your personal information.

Final Thoughts

Buying health insurance for yourself might seem like an overwhelming process. But it is easier than you think and very necessary. Make sure you read all the documents and do proper research.

Only buy the plan that meets all the needs and requirements you have. Don’t hesitate to ask for help when you get stuck. You should reach out to your peers or, a professional for more advice.

To learn more, check out the other blogs on Piramal Finance.