Self-Employed Health Insurance
What health insurance options are available for self-employed people?
Self-employed people can get health insurance through: ACA marketplace plans (with potential subsidies), COBRA continuation coverage, a spouse's employer plan, professional associations, or health sharing ministries. Self-employed people can deduct 100% of health insurance premiums from their taxable income.
Key Points
- ACA marketplace plans: potential subsidies based on income
- COBRA: continue former employer coverage for up to 18 months
- Spouse's employer plan: may be available at group rates
- Professional associations: may offer group health insurance
- Self-employed deduction: 100% of health insurance premiums deductible