Do Self-Employed People Always Pay More for Health Insurance?

LOS ANGELES - March 25, 2025 - PRLog -- People may sometimes save money buying their own policy. Full article URL at end.

Key Takeaways

• In most cases, a work-sponsored health insurance policy is cheaper than buying one privately.
• Older people benefit the most from work-sponsored health insurance.
• A young person who makes minimum wage may pay less for a marketplace plan than the one offered at work.

In the Article:

• Is Health Insurance More Expensive for Contract Workers?
• Why Are Workplace Group Plans Usually Less Expensive?
• When Is a Private Health Plan Cheaper Than a Work Sponsored One?

Group health plans through an employer are usually, but not always, less expensive. It depends on the age of the individual and their salary. If they are young and make a lower salary, they may pay less buying their own plan.

Employer group plans are not rated per individual but based on group fixed pricing. For many people who are older or smoke, costs are much lower than buying a private health insurance plan on their own.

There is also a variance on how much of the policy the employer pays for. The ACA mandate is that employers pay for at least 60% of the cost of employee health insurance. This includes deductibles, copays and coinsurance. It's important to find out how much the employer pays on a monthly basis.

full article: https://smartfinancial.com/self-employed-health-insurance...