Can You Get Health Insurance Through the Marketplace if You’re Self-Employed?

If you’ve recently lost your job and are struggling to afford health insurance, you may be wondering if you’re eligible for coverage through the Affordable Care Act (ACA) Marketplace. The good news is that you may be able to qualify for a plan, even if you’re self-employed.

To qualify for a Marketplace plan, you must meet certain income requirements. For 2024, the income limits are as follows:

Individuals: Up to $58,000
Families of two: Up to $95,000
Families of three: Up to $115,000
Families of four: Up to $145,000

If your income is below these limits, you may be eligible for a premium tax credit, which can help you lower the cost of your monthly premiums.

Self-Employment and the Marketplace

If you’re self-employed, you can still get health insurance through the Marketplace. However, you’ll need to estimate your income for the year when you apply. If your income changes significantly during the year, you may need to update your application.

It’s important to note that if you estimate your income too high, you may end up having to repay some of the premium tax credit you received. On the other hand, if you estimate your income too low, you may end up paying more for your premiums than you need to.

What if I Can’t Afford COBRA?

If you’ve lost your job and can’t afford COBRA, you may be wondering what other options are available to you. You may be eligible for Medicaid or CHIP, which are government programs that provide health insurance to low-income individuals and families.

To learn more about your options, you can visit or call our licensed insurance agents at (555) 123-4567. We can help you determine if you’re eligible for a Marketplace plan and walk you through the application process.

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