What advantages does the Affordable Care Act offer to the self-employed?
Three significant advantages under the ACA:
- The potential for an easier shopping experience,
- The possibility of financial subsidies, and
- The ability to easily compare one plan against another.
Comparing Health Insurance Options
Comparing health insurance options from several health insurers will be much different than insurance shopping in the past, says Claire McAndrew, a senior health policy analyst with Families USA. Previously, the self-employed had to go from one insurer to another, making it difficult to compare plans and options within plans, she adds.
What’s more, all health insurance plans offered in the marketplaces must comply with federal standards, meaning each plan must provide comprehensive coverage.