Insurance Options for 1099 Employees
01:47
Getting & Losing Insurance
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This video offers guidance for independent contractors (1099 workers) on navigating health insurance options outside of traditional employer-sponsored plans. Below are the options laid out in this video:
Health Insurance Marketplace: Independent contractors can use state exchanges or the federal exchange at healthcare.gov to find health insurance.
Private Insurance Plans: These can be purchased directly from insurers or through independent brokers.
Short-Term Insurance Policies: Offer temporary coverage for specific periods, usually between 3 and 12 months.
Professional/Trade Association Plans: Some associations provide group health plans to their members.
COBRA Continuation Coverage: Allows individuals who've left a job to temporarily maintain their previous employer's health coverage.
Parents Plan: If you're under the age of 26, you’re more than likely eligible to be covered under your parent or parent’s health insurance plan.
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