Moving to contracting/b2b had a much larger effect on my quality of life than I anticipated. I don't lose sleep over the insurance or investment options my employer provides. Flexible hours with most contracts. I feel more in control of my life.
Don't you have to pay a hefty price for private insurance? Dont you have the stress to find contracts all the time?
Getting a contract is stressful, but I've found job security is basically non existent anyway, so if I couldn't find b2b work I could always take traditional w2 or 1099 work.
When I switched I was expecting more stress, and less stability. A few years in though, I feel better than I did in fte roles. It might not be for everyone, but it's worked for me so far.