Should you get health insurance if you’re self-employed?
January 2022 – 15 min read
If you’re not covered by a workplace benefits plan, you could have to pay health and dental costs out-of-pocket.
This can help to cover expenses for you and your family, which could amount to hundreds of dollars in savings.
Remember that benefits aren’t the only thing you might be missing out on if you’re self-employed. If you’re not contributing to a workplace pension plan, you may also want to look at other ways to save for retirementOpens in a new window.
If you’re a small business that can’t offer group benefits, you may be able to use individual health insurance for you and/or your employees instead. You can get a quote or speak to an advisor to find out more about whether health insurance is right for you.
Ready to get health and dental coverage?
If you’d like to explore plans and see how much they could cost you, get a quote.
This material is for information purposes only and shouldn’t be construed as providing legal or tax advice. Every effort has been made to ensure its accuracy, but errors and omissions are possible. All comments related to taxation are general in nature and are based on current Canadian tax legislation and interpretations for Canadian residents, which are subject to change. For individual circumstances, consult with your tax, legal or accounting professionals. This information is provided by The Canada Life Assurance Company and is current as of date of publication.