Health insurance

Substack to provide $ 500 health insurance allowance to writers

Substack on Tuesday extended its health insurance program to all writers earning $ 5,000 per year on its newsletter platform.

The health insurance program in partnership with market insurance company Health Sherpa is open to all writers in the United States with more than $ 5,000 in annualized gross income on Substack. Eligible writers can apply to get $ 500 per year from the company to pay for their health insurance out of pocket.

The health program is one of several offerings that Substack has provided to selected freelance writers, with other pilot programs including training workshops and legal support. Writers can claim the allowance and register now during the open registration period.

“Healthcare – or the lack of it – is just one more stress a freelance writer really shouldn’t have to deal with,” wrote Hamish McKenzie, co-founder of Substack. “So we’re trying to do something about it. Over the past year, we’ve piloted a program to subsidize healthcare for a small number of writers and connect them with plans they own and control. Today, we are significantly expanding the scope of the program.

This month, the newsletter startup hit 1 million paid subscribers as more writers log on to start their own sub-stacks. Renowned writers, from Salman Rushdie to renowned director Michael Moore, have joined the platform as other companies offer competing services through Twitter and Facebook. The site’s top 10 posts bring in more than $ 20 million annually.

“The way we think about these services is that we ultimately want to offer them as widely as possible,” CEO Chris Best told TheWrap. “We start them with a small group, so we can figure out how to make it work. Once this formula works, we’ll open it up to a larger whole. The ultimate goal is to make it available to all who need it. “