Open enrollment season can be a confusing time for people in the workforce. If you’re a freelancer, you might think you have to pay high premiums or forego traditional employment benefits like health insurance and life insurance because it’s not offered through your work. That might have been true in the past, but with more and more Americans replacing the traditional "9-5" job with a collection of freelance gigs and side hustles, there are more ways to get insurance benefits that fit a flexible lifestyle.
Now is a great time for freelancers to explore their options when it comes to insurance. Technology has allowed for new modernized options that provide the same protection of traditional benefits providers, while removing the friction in the process that often causes people to avoid getting the coverage they need. Like our partners at Stride Health - a company redefining the way independent workers access quality, accessible health care. Together, we’re helping to equip the self-employed (and beyond) with the coverage they need through fast, flexible and affordable options.
Most everyone knows health care coverage is a necessity, but there are a lot of misconceptions and questions around life insurance policies. Who needs life insurance? How do you get covered and what’s the right amount of coverage? Full-time workers are often automatically enrolled in group life insurance policies (although, they often don’t provide sufficient coverage). But for freelancers, it requires more planning.
You might think getting life insurance means getting locked into a life-long policy with pricey premiums and confusing coverage terms most of us don’t understand. Our mission at Ethos is to use technology to simplify and modernize life insurance products and offer coverage that better aligns with people’s needs today. We know there’s a lot to consider as a freelancer when you’re determining your financial priorities and considering the benefits you need to cover yourself and your family.
So, before you skip over of this important financial decision, let’s talk about life insurance.
Ahead of open enrollment this year, we’ve broken down the top 5 myths and common misconceptions about life insurance:
Truth: Life insurance is a critical part of your financial planning, and Ethos makes it easy.
We are happy to work with Stride Health to help bring better options to more freelancers this benefits season.