How Do I Get Health Insurance and Other Benefits When I Become Self-Employed?

AskPat 2.0: A Weekly Coaching Call on Online Business, Blogging, Marketing, and Lifestyle Design

Pat Flynn

Business Advice, Marketing, Podcasting, Getting Started, Business Strategy, Business, Small Business, Passive Income, Online Entrepreneurship

4.9 • 638 Ratings

🗓️ 17 January 2017

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's question comes from James, who is building his business on the side while he continues to work his day job. How does he prepare himself to become a full-time entrepreneur, looking specifically at day-job benefits like health insurance? I talk about COBRA, which is a method for continuing health insurance from a previous employer. Check out https://www.healthcare.gov/ to find out how to get individual health insurance in your state. Do you have a question about becoming self-employed? Record it at http://www.askpat.com/.

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Transcript

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0:00.0	AskPath.
0:09.2	What's up,
0:11.8	and welcome to episode 781 of AskPath.
0:15.4	Thank you so much for joining me today.
0:16.9	As always, I'm here to help you by answering your online business questions five days a week.
0:20.5	All right, now here's today's question from James.
0:23.0	Hey, Pat, how's it going?
0:24.4	James here.
0:25.9	Longtime listener, first time asker, a big fan of the SPI community and just getting through Will It Fly on the audiobook side, really liking everything that you're doing and appreciate it.
0:41.0	My question is this.
0:43.6	As a hybrid entrepreneur at the moment, you know, I have my side hustle going and I still
0:49.1	have my full-time job.
0:50.4	I think one fear that people have is that, you know, they worry about losing those
0:59.3	full-time benefits and losing that health insurance and vacation time and all that and all the
1:06.5	fringe benefits that come along with a steady nine to five job. As an entrepreneur, how do you handle that situation?
1:14.6	Is it as simple as just buying your own insurance for yourself and your family?
1:19.6	Or are there other things that are put in place to help you navigate through that.
1:29.1	I guess it's just another worry that I think entrepreneurs have and don't want to give up
1:37.6	necessarily if they're being taken care of by their company.
1:40.8	So I was just wondering how you deal with that.
1:44.1	Thanks so much. I hope you answer my question. I hope just wondering how you deal with that. Thanks so much. I hope you
1:45.5	answer my question. I hope to hear from you soon. I'll be listening. Thanks. Bye.
	...

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