Hey freelancers in Illinois!
As independent workers, securing health insurance can be a bit of a puzzle. But fret not, because I’m here to help you piece it all together.
Let me walk you through the various options available to freelancers in Illinois, along with some important state rules to keep in mind.
Options for Health Insurance for Freelancers in Illinois
One of your primary options is to purchase an individual health insurance plan. Luckily, Illinois has a state-based exchange, which means you can obtain insurance plans through the Get Covered Illinois website or by reaching out to a licensed insurance agent. Private health insurance companies are another avenue to explore. By going down this route, you can tailor your coverage to meet your specific needs.
You can also consider joining a professional association or union that offers group health insurance plans. Being part of such an organization can grant you access to more affordable coverage, thanks to the collective bargaining power they possess. This is definitely something you should explore if it aligns with your professional goals and preferences.
For freelancers in Illinois with lower incomes, Medicaid can be a lifeline. Medicaid provides free or low-cost health insurance and may be a viable solution if you meet the eligibility criteria. To find out if you qualify, I recommend reaching out to your local Medicaid office, who will be able to provide you with more information and assist you throughout the application process.
State Rules for Health Insurance in Illinois
Now, let’s touch upon some important state rules that apply to health insurance in Illinois.
First and foremost, Illinois has guaranteed issue for individual health insurance plans purchased on the public healthcare exchange. This means that insurance companies are prohibited from denying coverage based on pre-existing conditions. It’s a crucial safeguard for freelancers with ongoing health concerns, ensuring that you won’t be turned away due to previous medical issues.
It’s also important to note that Illinois has a state mandate for health insurance. What does this mean for you? Well, it means that as an Illinois resident, you must have health insurance to comply with the law. Failing to do so may result in penalties.
While I understand that nobody likes penalties, I strongly advise you to prioritize your health and well-being by securing appropriate coverage.
Unlike some other states, Illinois does not allow short-term health insurance plans. So, if you were considering this option, it’s unfortunately not available in the Land of Lincoln. However, don’t let this discourage you, as there are still plenty of viable alternatives to explore.
On a positive note, freelancers in Illinois can claim a tax deduction for health insurance premiums paid for themselves, their spouse, and dependents. This is a welcome benefit that can help ease the financial burden come tax season. Just be sure to keep track of your premiums and consult with a tax professional for guidance on claiming the deduction correctly.
If all this information has your head spinning and you’re still feeling a little lost, don’t worry! Help is at hand.
Consider working with an experienced, licensed health insurance advisor who has a medical background – like me! I can provide tailored guidance based on your specific needs and concerns.
Still scratching your head on how to work around the right health insurance plan for freelancers in different states?
Work with an experienced, licensed health insurance advisor with a medical background – me!
Book a quick 15-minute health insurance consultation with me.
