Health Insurance Tips for Solopreneurs

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Starting your own business can be exciting—especially if you want to achieve success on your own terms. From landing your first client to growing your income, being a solopreneur offers the opportunity to design a business around you.

Yet being self-employed also has its share of challenges, including finding adequate health care coverage. In fact, research shows that only 34% of independent workers can access health insurance through an employer. As a result, many may choose to forgo coverage entirely if the cost is too high.

While finding affordable insurance can be difficult, knowing the available options can make a big difference. Below, we break down what they are—and how to find the coverage that’s right for you.

Determine What Type of Health Insurance You Need

Before you explore your options, it’s important to have a clear sense of what type of insurance you need. Are you looking for a comprehensive plan that will help you manage chronic conditions or a more basic plan that will allow you to go for check-ups once or twice a year?

While essential coverage should be a top priority, you don’t want to forget about other types of plans—including vision and dental. A combined approach is the best way to ensure that all of your medical needs are addressed and that you’re able to access the care you need when you need it.

Explore a Variety of Coverage Options

Once you have a sense of your needs, it’s time to explore available options. We recommend prioritizing the following types of plans: 

  • Medical - A comprehensive health plan is your best bet when it comes to managing day-to-day health concerns. Opting for one that fits your budget and provides access to doctors you trust is a great way to keep yourself healthy. 
  • Dental - Good oral health is another cornerstone of care and usually requires a separate insurance plan. Opting for one that covers preventive care and treatment is a great way to preserve your smile for years to come.
  • Vision - Whether you’re dealing with a chronic eye condition or want to keep your eyes in top shape, getting regular eye exams is important for your overall health. Through an exam, your eye doctor can detect signs of more than 270 serious health conditions including diabetes, often before you notice symptoms. Dedicated vision insurance is one of the best ways to access a wide network of eye doctors who can provide specialized care. 

Choose the Coverage That’s Right for You

With the relevant information on hand, you can work on paring down your options. Be sure to take into account key factors like monthly premiums and the various types of coverage you need.

To address specific needs like vision care, targeted plans are often a great option. With full-service coverage starting as low as $13 a month, VSP® Individual Vision Plans can help you achieve significant savings and were created with solopreneurs in mind. What's more, VSP plans cover prescription lenses and comprehensive eye exams. And since VSP has the largest independent doctor network in the nation, you'll be able to access quality care whenever you need it (often without finding a new doctor).

Being your own boss can be an incredibly rewarding experience. From setting your own goals to celebrating wins, launching a business can help you take your career to the next level. By exploring your health insurance options and choosing plans that are right for you, you can eliminate headaches and set yourself up for long-term success.