Open Enrollment Tips for Freelancers: What You Need to Know

Navigating health insurance as a freelancer can feel overwhelming, especially during open enrollment. Understanding your options during the open enrollment period can help you make confident and informed decisions about your health insurance options.

Understanding Open Enrollment

Open enrollment is the annual period when you can sign up for, change, or renew your health insurance plan. This window typically runs from November through mid-January for ACA marketplace plans. Missing this period may mean waiting another year unless you qualify for a special enrollment due to life changes like marriage or losing other coverage.

Key Tips for Freelancers and Self-Employed Professionals

1. Review your current coverage. Take time to assess your existing health plan. Are your needs the same as last year? Consider changes in your health, finances, or family situation that might affect your coverage requirements.
2. Compare plans on the ACA marketplace. The ACA marketplace offers a range of plans with varying premiums, deductibles, and provider networks. Look closely at each plan’s coverage details, including prescription benefits and out-of-pocket costs, to find the best fit for your needs and budget.
3. Check for subsidies and tax credits. Many freelancers qualify for premium subsidies or tax credits based on income. These savings can make coverage more affordable. Use the marketplace calculator or consult with our team to see what you may be eligible for.
4. Consider additional benefits. Beyond basic health insurance, consider supplemental options like dental, vision, or accident coverage. These can help fill gaps and provide extra peace of mind.
5. Ask for professional guidance. Health insurance can be complex. Find an insurance provider who specializes in helping freelancers and gig workers understand their options and enroll in the right plan.

Contact Us

Whether you’re new to self-employment or a seasoned pro, every freelancer’s situation is unique. The team at ValleyView Health Co in Tampa, FL can help you review your options and select the best health insurance for your needs and budget. Contact us today to get started.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.