One of the biggest concerns for OTPs considering private practice or entrepreneurship is the uncertainty of your own health insurance. With the fluctuating costs and availability of plans on the healthcare marketplace—often at risk due to legislative changes—many professionals hesitate to take the leap.
But here’s the good news: there are solutions! You don’t have to let health insurance be a roadblock to your dream of running your own practice. Let’s explore the best strategies to find reliable, affordable coverage so you can confidently move forward.
1. Work with an Independent Insurance Broker
The best step you can take is to consult with an independent insurance broker who specializes in health plans for self-employed professionals. Why?
✅ Expert Guidance: Brokers stay up to date on legislation changes, best practices, and available plans.
✅ Unbiased Advice: Independent brokers aren’t tied to one provider, so they focus on finding the best plan for your unique needs.
✅ Customized Solutions: They can help you compare options, including private plans, association-based coverage, and supplemental policies.
A great resource for finding a knowledgeable and credible independent broker is the National Association of Benefits & Insurance Professionals (NABIP). Their members undergo continuing education, work with state insurance departments, and even lobby in D.C. to advocate for consumer-friendly policies.
2. Stay Proactive: Review Your Options Every Year
Health insurance plans and laws change frequently, so what works this year may not be the best option next year. As new products hit the market, there may be better, more affordable options tailored to independent providers.
3. Explore Alternative Coverage Options
If marketplace plans aren’t ideal, consider these alternative health insurance solutions:
- Professional Associations – Groups like AOTA or local OT organizations may offer group health plans.
- Health Cost-Sharing Programs – Some organizations (e.g., Medi-Share, Sedera) provide shared-cost health coverage.
- Short-Term Health Plans – A temporary option while transitioning into private practice.
- Direct Primary Care (DPC) – A subscription-based model where you pay a flat monthly fee for primary care services.
Each option has pros and cons, so talk to a broker to see what fits your needs best.
Final Thoughts: Don't Let Insurance Hold You Back!
While health insurance is a valid concern, it doesn’t have to be a dealbreaker when launching your OT practice. With the right guidance, proactive planning, and knowledge of alternative solutions, you can find an affordable and reliable plan that supports your career goals.
💡 Take the next step. Consult an independent insurance broker today and start exploring your options!
Expert Contributor: Shannon Black, JRS Healthcare Solutions
This article was written with insights from Shanon Black, Founder of JRS Healthcare Solutions, an independent insurance brokerage specializing in customized healthcare plans for seniors, individuals, families, and business owners. Shannon is dedicated to helping clients navigate the complexities of health insurance by providing expert guidance, ongoing education, and tailored solutions. 🔗 Learn more at JRS Healthcare Solutions