Frequently Asked Questions
How much does health insurance cost for self-employed?
Without subsidies, individual plans average $400–$600/month and family plans average $1,100–$1,500/month. With ACA subsidies, many self-employed individuals pay significantly less — some pay as little as $0/month.
Can I deduct health insurance premiums if I’m self-employed?
Yes! Self-employed individuals can deduct 100% of health insurance premiums paid for themselves, their spouse, and dependents on their federal income tax return. This is an “above-the-line” deduction, meaning you get it even without itemizing.
What is the best health insurance for freelancers?
It depends on your income and health needs. For most freelancers, a subsidized ACA marketplace Silver plan offers the best balance of premiums, coverage, and potential cost-sharing reductions. If you’re healthy and high-income, an HDHP with HSA may be more cost-effective.
When can I sign up for health insurance if I’m self-employed?
You can sign up during the Annual Open Enrollment Period (November 1 – January 15 each year). If you recently left a job, you qualify for a 60-day Special Enrollment Period. New self-employment can also trigger a Special Enrollment Period in some cases.
