Health Insurance for Self-Employed
What is the best health insurance for people starting a business?
People starting a business are typically self-employed and do not have employer health insurance. ACA marketplace plans are the best option. Self-employed people can deduct health insurance premiums on their taxes.
Key Points
- Self-employed: no employer health insurance
- ACA marketplace plans: best option for self-employed
- Tax deduction: self-employed can deduct health insurance premiums
- Health reimbursement arrangement (HRA): may be available for small businesses
- An independent agent can compare ACA plans for self-employed people