3 HEALTH INSURANCE OPTIONS FOR ENTREPRENEURS | SOULESTA SOLUTIONS

Cost-Effective Medical Coverage

1. Fixed Indemnity Plans: 

Also known as “fixed benefit plans.” They offer a unique approach to health insurance, providing fixed benefit amounts for covered services, regardless of the actual cost. These plans offer flexibility and simplicity, with predetermined payouts for various medical expenses. This predictability can be a huge stress reliever, knowing you have a defined sum to help cover medical bills. 

There are also no “networks” and you can also see any doctor you choose, which I have found has led me to be able to choose more quality doctors. 

While they may not provide comprehensive coverage, they can be a cost-effective option for entrepreneurs seeking basic protection. 

I personally use this type of insurance through a company called Sidecar Health. I have saved a good amount of money with this plan as my insurance payments are less than what I would have been paying for Cobra or insurance via The Marketplace. The downside is that you do have to keep up with submitting the medical bills from each medical appointment so that does take a bit of time, but I’ve found it still worth it for the value of the benefits I’ve received so far. 

You can also enroll, change your coverage or cancel at any time offering even more flexibility. 

Learn More About Sidecar Health - https://sidecarhealth.com/how-it-works/ 

2. Health Insurance Marketplace: 

The Health Insurance Marketplace, also known as the Affordable Care Act (ACA) marketplace, is a government-run platform that offers a range of health insurance plans designed to meet the needs of individuals and small businesses. Through the Marketplace, entrepreneurs can compare different plans based on coverage options, premiums, and deductibles. The Open Enrollment period is specific, so this is something to keep in mind to plan accordingly for.

I looked into health insurance through the Marketplace and while they did have many plan options, for me personally, I still found the monthly payments to be quite high. 

The other challenge was that some of my doctors that I see regularly, do not take the Marketplace version of the insurance plan so I would still end up paying out of pocket for those doctors in addition to my insurance payment. Just because a medical provider takes a health insurance brand like United Healthcare, that doesn’t mean they take the Marketplace version of it so that’s something I recommend checking beforehand with your current doctors. 

Learn More About The Health Insurance Marketplace - https://www.healthcare.gov/ 

3. Discount Medical Plans:

Discount medical plans offer discounted rates on healthcare services from participating providers. These plans don't technically qualify as insurance in the traditional sense however they can help entrepreneurs save money on medical expenses, including telehealth visits, prescription medications, dental, vision care and more. Discount medical plans are often affordable and accessible, providing a valuable resource for entrepreneurs looking save on routine care to manage healthcare costs.

If you are interested in more information on my recommendation for discount medical plans, email us at soulestasolutions@soulesta-co.com. 

Ready to dive deeper and learn more about these options and other business solutions? Join me for a FREE webinar, "Becoming a Calmpreneur: Stress-Free Solutions & Tools for Your Business"! The webinar will be Monday, February 19th at 6pm. 

Reserve your spot now and invest in your well-being as an entrepreneur. Register via this link: https://soulesta.kartra.com/calendar/calmpreneurwebinarfeb2024

Remember, your health is your foundation for your success. Don't let stress or overwhelm hold you back from reaching your full potential as an entrepreneur.

P.S. Share this blog with your fellow entrepreneurs who could use some stress relief and health insurance guidance!

Disclaimer: This blog post is for informational purposes only and should not be considered medical or financial advice. Please consult with qualified professionals before making any decisions regarding your health insurance.