Companies often like to pretend the shift from employee to contract worker is merely semantics, or they tout the benefits of the arrangement: more “flexibility,” greater cost savings, and so on.
The problem is that a lot of these advantages are decidedly skewed in favor of the corporation, especially when it comes to benefits. While most people who work full-time for a company as an employee get health insurance, a 401(k) or other retirement plan, and paid vacation, freelancers who have access to this pool of traditional employee perks are a rarity.
Source: Thinking About Going Freelance? These Are the Benefits You Can Expect | MONEY