Sun. Aug 14th, 2022

Health coverage if you’re self-employed

If you’re self-employed, you can use the individual Health Insurance Marketplace® to enroll in flexible, high-quality health coverage that works well for people who run their own businesses.

You’re considered self-employed if you have a business that takes in income but doesn’t have any employees.

You can enroll through the Marketplace if you’re a freelancer, consultant, independent contractor, or other self-employed worker who doesn’t have any employees. If your business has even one employee (other than yourself, a spouse, family member, or owner), you may be able to use the SHOP Marketplace for small businesses to offer coverage to yourself and your employees. See “How do I know if I’m self-employed or a small employer?” to learn more.

Coverage options for the self-employed

In the Marketplace you can choose from several categories of coverage, from plans with low premiums that mainly protect you in worst-case scenarios to plans where you’ll pay more each month but less out-of-pocket when you get health care services.

Self-employment income and Marketplace savings

When you fill out a Health Insurance Marketplace® application, you’ll have to estimate your net self-employment income. Marketplace savings are based on your estimated net income for the year you’re getting coverage, not last year’s income.

When you’re self-employed, it can be hard to estimate your income for the coming months or year. Learn how to estimate your income if you’re self-employed.

SOURCE https://www.healthcare.gov/self-employed/coverage/

Leave a Reply

Your email address will not be published. Required fields are marked *