Who it's for
- Freelancers, independent contractors, and 1099 workers
- Sole proprietors and small business owners
- Rideshare, delivery, and gig workers
- Anyone leaving a job to start a business
What it covers
As a self-employed person you'll typically buy an individual or family plan, which (if ACA-compliant) covers:
- Preventive care, doctor visits, and specialists
- Emergency and hospital care
- Prescription drugs
- Mental health services
- Maternity and newborn care
Key things to know
Savings are based on estimated income
Marketplace savings use your projected household income for the year. If your income changes, update your application so your savings stay accurate and you avoid surprises at tax time.
Variable income takes planning
Estimating income is harder when it changes month to month. Hollen can walk you through how the estimate affects your options.
HSA-eligible plans can be useful
Some high-deductible health plans are eligible for a Health Savings Account, which may offer tax advantages. Eligibility rules apply.
Ask a tax professional about deductions
Self-employed people may be able to deduct health insurance premiums in some situations. Hollen isn't a tax advisor, so confirm with your tax professional.
Leaving a job can open enrollment
Losing job-based coverage is generally a qualifying life event, giving you a window to enroll outside Open Enrollment.
Frequently asked questions
Can I get a group plan for just myself?
Group plans generally require at least one employee who isn't the owner or the owner's spouse. Many self-employed people use individual plans instead.
What if my income changes during the year?
Report changes to the Marketplace promptly. Your savings can be adjusted, which helps avoid owing money back when you file taxes.
Is short-term medical a good option for me?
It can fill certain gaps, but it isn't comprehensive coverage and may not cover pre-existing conditions. Learn more on the Short Term Medical page.
This page is general educational information, not a guarantee of coverage, eligibility, or cost. Benefits, availability, and rules vary by plan, carrier, and state. Contact Hollen for details on specific plans.