If you miss Open Enrollment, you have to wait to get coverage until the following year, unless you are eligible for a Special Enrollment Period.Ī Special Enrollment Period allows you to get a Marketplace health insurance plan within 60 days of a Qualifying Life Event. You’re allowed to enroll in a new Marketplace plan or switch to a different plan during this time frame. The Health Insurance Marketplace Open Enrollment period occurs every year between November 1st and January 15th. Open Enrollment versus Special Enrollment Period You can only get coverage during the annual Open Enrollment period or within 60 days of a Qualifying Life Event that allows you to get coverage through a Special Enrollment Period. In order to get Marketplace health insurance, you need to time it right. These tax credits can help you get a lower premium or lower out-of-pocket costs, depending on the plan you pick. One of the biggest benefits of using the Marketplace is that you might qualify for subsidies based on your income.
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Read more: How to pick a health insurance plan You can filter the results by plan type, plan tier, insurance company, premium cost, and out-of-pocket costs, and compare plans side-by-side. Once your virtual application has been submitted, you’ll get matched with plans from participating providers, like Blue Shield or Aetna. Some states use their own Health Insurance Marketplace website, whereas others rely on the federal Marketplace website to sell coverage. To purchase coverage through the Health Insurance Marketplace, you’ll need to input your location and share information about yourself and your income. It’s one of the most common ways self-employed people get health insurance. The Health Insurance Marketplace, which you can access through, is a government-sponsored website that allows you to shop, compare, and purchase health care plans. Thanks to the Affordable Care Act (ACA), self-employed individuals can get health insurance through the government. However, it’s worth doing some research to determine which option is right for you.īelow are some of the most common ways self-employed workers can get health insurance. Some options are cheaper than others, and you might not qualify for each one. If you’re new to self-employment and are shopping for health insurance for the first time, I have good news for you - there are lots of ways to get coverage. Where to get self-employed health insurance That can seriously help lower your taxable income and the amount of money you owe the IRS in April. On top of that, health coverage for self-employed workers is more expensive because you pay 100% of the premium.įortunately, self-employed health insurance premiums are tax-deductible. It’s all on you to get coverage and pay for it. There’s also no HR department to explain what plans you can pick from and what the plans cover.
The company subsidizes a significant portion of your premium, and the rest gets taken out of your paycheck.īut when you’re self-employed, there’s no employer offering to pay for most of your health insurance premium. Your employer contracts with an insurance provider and offers you a few different plans. If you’ve ever worked a regular part-time or full-time job, you were probably offered health insurance as an employee benefit. Getting health insurance when you’re self-employed is different from getting insurance through a traditional employer. Why is health insurance different when you’re self-employed?
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