Florida has a lot of contractors, gig workers and small business owners. If that's you, there's no HR department handing you a health plan. Here's how to think about it.
Your main options
Marketplace (ACA) plans. You can buy a plan on HealthCare.gov during open enrollment, which runs November 1 to January 15. Depending on your household income, you may qualify for a premium tax credit that lowers your monthly cost.
A spouse's employer plan. If your spouse has coverage at work, joining their plan may be an option.
Other plan types. You may see short-term plans or health sharing programs advertised. These can cost less but often don't cover pre-existing conditions or all essential benefits. Read the fine print carefully.
Estimating income when it changes
Tax credits are based on your estimated income for the year. If you're self-employed, estimate as accurately as you can and update the Marketplace if your income changes. Credits are reconciled when you file taxes.
A possible tax break
Self-employed people may be able to deduct health insurance premiums on their tax return in some situations. Ask your tax professional.
Protect your income too
When you're self-employed, there's no group life or disability insurance from an employer. A personal life policy, and possibly disability coverage, protects your family if you can't work.
Have a question? Ask Jarvis
Jarvis is a free AI concierge open to the general public. Ask it anything about this topic in plain English, any time, at mmalifeusa.com/jarvis. When you're ready, a licensed Moving Mountains advisor can walk you through real options. No pressure, and we don't sell your data.
