Self-employed individuals, freelancers, and gig workers can purchase coverage through the ACA Marketplace and may qualify for premium tax credits based on net self-employment income. You may also be able to deduct health insurance premiums on your federal taxes; consult a tax professional for specifics. Speak to a licensed insurance professional to help you compare plans.

Monthly premiums vary widely based on your age, state, income, and plan type. Many people qualify for subsidies that substantially lower their costs, and some may qualify for coverage with no monthly premium depending on income. A licensed insurance professional through CareGuard can help estimate potential costs for your situation.

Working with an independent licensed professional allows you to compare plans across multiple carriers in one conversation, explain differences in plain language, and help with the subsidy application process, while buying direct usually limits you to one company’s plans. Working with a licensed insurance expert typically costs you nothing.

Choosing a higher deductible generally lowers your monthly premium, since you’re agreeing to pay more out of pocket before your insurer covers a claim. The trade-off is having enough savings available to cover that amount if you need to file a claim. Comparing quotes can help you find the right balance.