Shop Talk Blog

Self-employed individuals face March 31 Affordable Care Act deadline

Self-employed individuals have until the end of the month to sign up for health care coverage through the Affordable Care Act’s marketplaces.

Self-employed individuals can purchase private insurance coverage from a range of options depending on income and residency, and potentially qualify for additional subsidies, like Medicaid or tax credits, according to the U.S. Small Business Administration.

Open enrollment for 2014 coverage ends March 31 for self-employed individuals. An exception may be made if you have a life event, such as marriage, divorce, birth or adoption of a child, or job loss, that affords you a special enrollment period.

The next open enrollment period is proposed to start Nov. 15 for health insurance coverage that begins January 1.

To browse coverage options, assess potential subsidies, and purchase your plan online through the individual marketplace, go here.

For more information about other provisions affecting self-employed business owners under the Affordable Care Act, go here.