Starting a new business? Here is how to get health insurance when self-employed

  • The health insurance marketplace under the Affordable Care Act (ACA) provides various tools and resources to help you get the coverage you need while working to build the next great American success story.


  • As a self-employed person, you will be able to qualify for various tax credits and subsidies to help you pay for coverage as you work to build your business, investing every last dollar you have to help make it a successful company.


Looking to turn your side hustle into a full-time business? This is a great move! Research data shows that many successful companies around the world were started as side hustles by their founders.


These enterprising young men and women will often work whenever they can, whereever they can, to help bring their ideas to life. Once proof-of-concept is achieved, Founders often work hard to find the capital they need to scale their businesses.


This period of transition, if this is the journey you are on, will present many challenges. Some, obviously, while others, well, not so much. One of the many issues you will also need to address is how you can "acquisition" some good quality health insurance coverage since you will be leaving your employer's plan and cannot stay on COBRA indefinitely - not in any economically feasible way - any way.



Enrollment

The health insurance marketplace under the Affordable Care Act (ACA) provides various tools and resources to help you get the coverage you need while working to build the next great American success story.


As a self-employed person, you will be able to qualify for various tax credits and subsidies to help you pay for coverage as you work to build your business, investing every last dollar you have to help make it a successful company.


You will be able to apply to get coverage starting almost immediately since you will be leaving your job, you will qualify for a special enrollment and will not have to wait till the next open enrollment to get coverage.


Nicole Gibbons: Founder and CEO of Clare

Estimating your income

We both know how complicated it is to estimate, or even predict your income as an entrepreneur. Things can get even more complex when starting out in your business. These are some of the key issues you must address during the enrollment process.


According to the marketplace, you can estimate your self-employment income to help you get the most financial help available to help pay for your new health plan.

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