Self-employed health insurance can be very affordable, if you shop the right way. A big mistake made by small business owners is that they either incorrectly calculate their federal subsidy, or choose a policy that appears to very inexpensive, but ultimately becomes extremely expensive because of higher-than anticipated premiums and high out-of-pocket costs that were not initially understood or explained.
An experienced broker can review all Exchange plans (Platinum, Gold, Silver, Bronze, and Catastrophic), determine the correct subsidy, explain Health Savings Accounts (HSAs) and determine if they the tax benefits and low premiums would be beneficial. Also, accurate calculation of the federal subsidy is critical, and it’s important that a broker offer his/her expertise so you don’t owe an unexpected tax bill in the Spring.
The ACA Legislation has changed the scope of US healthcare, and professional expert and unbiased guidance is always recommended. And each year, new plans and carriers become available on state and federal Marketplaces.
The SHOP Marketplace is also available for small business owners.
IMPORTANT: This question was answered by Edward Harris, one of the premier health insurance brokers in the US, and owner of majormedicalhealth.com, which provided free online quotes and the lowest rates from top-rated companies.