Get a quoteTelephone Icon for calling Equity Health Insurance
Phone
Enevleope Icon for sending a message to Equity Health Insurance
Message

What is self-employed health insurance?

Health insurance for the self-employed and freelancers covers the individual for private healthcare diagnosis and treatment, subject to the inclusions in the policy. The cost of the policy premium may be eligible to be paid out of your business expenses, and it may help you get back to work sooner due to quick access to diagnostics and treatments. In some cases, a personal policy may be more beneficial than a policy for self-employed people, but this is something that we can advise you on once you’ve learnt more about how you may benefit.

Is there a difference between self-employed and freelancer health insurance?

Both the self-employed and freelancers will go through the same process when comparing health insurance. While there may be some differences between the two in terms of their business status, the way they refer to themselves will not impact the policies available to them. Providers will look at the personal circumstance of each individual rather than whether they’re classed as being self-employed or a freelancer.

Muslim woman modeling sunglasses

What does self-employed health insurance include?

You’ll have the option to tailor aspects of your health insurance policy around your wants and needs. For example, outpatient cover may not be included as standard, and if you do want this included, you may have the option between various levels of cover. Depending on the provider you opt for, there may be more or less benefits. This is why we always advise that you go through a health insurance comparison process so that you can fully understand the options available to you. Some of the most common benefits and features you may be offered include:

1.

In/day patient treatments

2.

Additional options

3.

Outpatient treatment

4.

Cancer cover

5.

Hospital lists

6.

Mental health support

7.

Health resources

8.

Virtual &
in-person GP sessions

What are the benefits of self-employed health insurance?

Any freelance or self-employed health insurance policy should aim to cover the business owner for the treatments that present the most value to them. This may vary depending on the industry they’re working in, or it may be more personal to their individual health wants and needs. Tailoring your policy with both the business and the individual in mind may help you purchase a policy designed to help if the owner falls sick. Having quick access to diagnostics and treatments may mean that the business owner can return to work sooner and reduce the incurred costs of not being able to operate the company.

  • Fast access to diagnosis & treatment
  • Access to health resources
  • Digital appointments & care
  • Member benefits from providers
  • May reduce time spent out of work
  • May provide access to new drugs and treatments
  • May provide peace of mind
  • Potential tax savings
  • Access to private health facilities

Self-employed health insurance and mental health

Mental health in the UK affects 1 in 4 of us (mind), and periods of ill mental health may result in self-employed and freelancing individuals being unable to work. The report from MIND states that anyone can get a mental health problem, which means that the pandemic may also have led to an increase in the number of self-employed people experiencing ill mental health. Many health insurance providers offer mental health support, with additional treatment options being available as additional inclusions.

3.6%

Of male freelancers experienced mental health problems in 2017

6.7%

Of female freelancers experienced mental health in 2017

24%

Of freelancers felt they weren’t able to take time off when sick

41%

Of freelancers experience high levels of stress

200%

Increase in freelancers experiencing mental health problems during the pandemic

52%

Of freelancers said that their mental health deteriorated during the pandemic

Understanding the cost of self-employed health insurance

The price of self-employed health insurance varies from person to person, and all of your requirements and personal information will determine how much you’ll pay. Finding a balance between a premium payment you can afford and coverage that offers you the protection you need may help you benefit most from your health insurance policy. Some of the factors that are considered during the pricing of your policy include:

Check mark Icon

The type of work that you do

Check mark Icon

Your age

Check mark Icon

Previous health history

Check mark Icon

Your location

Check mark Icon

Your policy exclusions

Check mark Icon

Excess amount

Check mark Icon

Underwriting terms

Check mark Icon

Additional cover options

Check mark Icon

Level of outpatient cover

Very comprehensive with great advice - and really friendly and helpful. Answered my many questions thoroughly and explained all the options.
- Trusted customer, Feefo
StarStarStarStarStar

Appoint Equity Health to help you with self-employed health insurance

We can help you to compare the health insurance policies available to you on the UK market, with the aim to find you the most competitively priced policy that covers you for everything you need.

Whole of market insurance review icon

No fees to pay

Free health insurance comparison

Unbiased advice

Independent Advice

UK comparison service

Full and fair analysis icon

Ongoing support

UK team icon

Bespoke to you

FCA Approved Advisors

4.9/5* Feefo rating

Corporate Health Insurance Blogs

Below you'll find our latest blogs covering the topic of corporate health insurance. To see more articles like this, you can view our Health Insurance News & Blogs page here.

All Blog Posts:

Small Business
Health Insurance

Affordable Business Health Insurance.  Our dedicated business team will find the most tax efficient solution.

February 18th 2019
Health

Small Business
Health Insurance

Affordable Business Health Insurance.  Our dedicated business team will find the most tax efficient solution.

February 18th 2019
Health

Small Business
Health Insurance

Affordable Business Health Insurance.  Our dedicated business team will find the most tax efficient solution.

February 18th 2019
Health

Small Business
Health Insurance

Affordable Business Health Insurance.  Our dedicated business team will find the most tax efficient solution.

February 18th 2019
Health

Small Business
Health Insurance

Affordable Business Health Insurance.  Our dedicated business team will find the most tax efficient solution.

February 18th 2019
Health

Small Business
Health Insurance

Affordable Business Health Insurance.  Our dedicated business team will find the most tax efficient solution.

February 18th 2019
Health

FAQs

Is self-employed health insurance and freelancer health insurance the same thing?

+

Is self-employed health insurance tax deductible?

+

Can I add additional policyholders to my self-employed health insurance?

+

Is self-employed health insurance worth it?

+

How much will self-employed health insurance cost me?

+

I already have personal health insurance, can I switch to a self-employed policy?

+