If you’re self employed, buying health insurance as an individual can be very expensive. It is much more economical to purchase group health insurance for self employed people. Part of what gives corporations and large businesses the opportunity to buy less expensive health insurance is the fact that they are buying bulk coverage for many people, which diffuses the cost over a large amount of people.

Insurance companies now offer people the opportunity to buy into group health insurance for self employed individuals, which operates on a similar principle. The main difference is that with self employed plans, the group is composed of many self employed workers, instead of a group of people working for one employer.