What happens to my health insurance if I leave my job to become self-employed?

When you leave your job, you qualify for a Special Enrollment Period to enroll in an ACA plan. You also have options including COBRA continuation coverage or joining a spouse's plan. You have 60 days from losing coverage to enroll in a new plan.

Should I choose COBRA or an ACA plan after leaving my job?

While COBRA maintains your existing coverage, ACA plans often cost less due to available subsidies. Compare your COBRA premium to ACA marketplace options, considering that ACA plans may offer significant savings through premium tax credits.

How do I avoid gaps in coverage when becoming self-employed?

Enroll in your new health plan before your job-based coverage ends. ACA plans can start the first of the next month after you lose coverage, ensuring continuous protection. You have 60 days before and after losing coverage to enroll.

Can I get affordable health insurance as a new self-employed person?

Yes, many self-employed individuals qualify for substantial premium tax credits through the ACA marketplace, making coverage affordable. Plans can start as low as $0/month depending on your estimated income.

Lost Job Health Insurance? Self-Employed Coverage Guide

top of page

Aura Insure

Widget Didn’t Load

Check your internet and refresh this page.

If that doesn’t work, contact us.

bottom of page