Best Health Insurance for the Self-Employed
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Best Health Insurance for the Self-Employed
Our Top Picks
Kaiser Permanente
Molina Healthcare
Anthem
Blue Cross Blue Shield (BCBS)
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Why Trust Us
Methodology
Best Overall
:
Kaiser Permanente
Investopedia’s Rating
4.8
Kaiser Permanente
Average individual monthly premium (silver plan): $433Average annual deductible (silver plan): $3,375Customer complaints: Fewer than expected for company size
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Why We Chose It
Kaiser Permanente offers low monthly premiums, receives few customer complaints, and has a highly rated mobile app. This means you save money and can manage your health care on the go, making it an excellent choice for self-employed people.
Pros & Cons
Pros
Competitive premiums
Few customer complaints
Highly rated mobile app
Cons
Only available in eight states and D.C.
No PPO plans on marketplace
Overview
Kaiser Permanente is Investopedia’s top pick for health insurance when you’re self-employed. Its average premiums for families were the lowest in our review at $1,513.
State regulators received fewer complaints about Kaiser than expected for a company its size, which is a good indicator of customer satisfaction. Its selection of eight medical management programs to oversee treatment for conditions like diabetes and pregnancy is tied for the highest among the companies Investopedia reviewed. Kaiser also has a top-rated mobile app you can use to find doctors, schedule appointments, and pay bills, making managing your health care easier.
However, there’s a catch: Kaiser only sells plans in Washington, D.C., and eight states (California, Colorado, Georgia, Hawaii, Maryland, Oregon, Virginia, and Washington). Also, it doesn’t offer preferred provider organization (PPO) plans on the health insurance marketplace, so you might be unable to use your doctor if they’re not in Kaiser’s network. So, before you sign up, check if Kaiser’s available in your area and if your doctor is in its network.
Kaiser Permanente was founded in 1945 and is based in Oakland, California.
Most Affordable
:
Molina Healthcare
Investopedia’s Rating
3.8
Molina Healthcare
Average individual monthly premium (silver plan): $426Average annual deductible (silver plan): $3,640Customer complaints: Many more than expected for company size
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Why We Chose It
Molina has competitive premiums and low copays for prescriptions and doctor visits, so you’ll pay less overall for health care each month and when you need treatment.
Pros & Cons
Pros
Low premiums
Low copays
Cons
Frequent customer complaints
Only in 15 states
No PPO plans
Overview
Self-employed people with irregular income need to be careful about spending. If that’s you, Molina Healthcare is worth considering. It offers th