Health Insurance for Self Employed Individuals

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Although Canada provides health insurance to all of its residents, the provincial insurance plans offer only a basic level of coverage.  Many health care expenses including prescription drugs, dental services, specialty treatments and more are not covered under the governmental plans. Without supplemental health insurance, the cost of these out-of-pocket expenses can have a devastating impact on a person’s finances.  As a result, many turn to private insurance to fill the gaps left by their provincial insurance plan.

One of the most popular ways Canadian residents obtain coverage is through an employer’s company-sponsored plan.  But that isn’t an option for those who are self-employed.  Being self-employed presents unique challenges for purchasing health insurance, but it is critical to staying protected from unexpected medical expenses.  Here you will find ways self-employed workers can get the coverage they need.

Who Qualifies for Self-Employed Health Insurance?

Individuals who are not covered by a company-sponsored group health insurance plan, including entrepreneurs, independent professionals, contractors and commission-based workers may be eligible for coverage as a self-employed worker. 

Benefits of Self-Employed Health Insurance

When you’re self-employed, you can’t afford to be out of work for an extended period of time. Every illness and injury has a direct impact to your bottom line because every day you don’t work means you’re not collecting a paycheck. But self-employed health insurance gives you the coverage you need to get your health issues addressed, so you can get back to work as quickly as possible.  Health insurance protects your health and your business by giving you access to the care you need and limiting your out-of-pocket expenses.  

Self-Employed Health Insurance Options

Being self-employed does not mean you have to be limited in your health insurance options.  There are many plans on the market today that offer varying levels of coverage for self-employed individuals, including services such as prescription drugs, dental care, vision care, hospital accommodations and more.  Furthermore, many plans provide coverage for pre-existing conditions and offer guaranteed acceptance, which means you don’t have to complete a health questionnaire or undergo a physical exam to get the protection you need. 

Finding the Plan That’s Right For You

With so many different plans available on the market today, finding the one that provides an adequate level of coverage for your needs at a price you can afford can seem overwhelming.  A customer service representative can help you sort through the options, so you can select the one that’s best for you based on your individual circumstances.


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