If You’re Self-Employed
Get covered, claim an exemption, or pay the IRS. You’re now required to either have health coverage that qualifies as “minimum essential coverage” or make an “Individual Shared Responsibility” payment when filing your 2014 federal income tax return.
“Minimum essential coverage” includes:
- Employer-sponsored major medical coverage (including COBRA and retiree coverage)
- Major medical coverage purchased in the individual market
- Medicare Part A coverage
- Medicaid coverage
- Children's Health Insurance Program (CHIP) coverage
- Certain types of veterans health coverage
Visit your state’s online health insurance marketplace. New online health insurance marketplaces offer health coverage to self-employed individuals. They include four levels of benefit packages with a range of cost and coverage levels. You and/or your spouse and dependents might qualify for premium tax credits and cost-sharing reductions, which could help reduce the costs of purchasing insurance from these marketplaces.