The Best Health Insurance in 2021

The Best and Most Affordable Health Insurance

how you're able to find really good health insurance for yourself ? that's what we're talking about in this article and talk to you guys about healthcare.gov also known as the marketplace health insurance in america the open enrollment which is the period where you can enroll yourself ,your family into these marketplace health insurance

 now this article is especially helpful if you just experienced a life event so whether you moved or i'm sorry there's a death in the family but there's significant changes in the insurance itself you switch jobs you decided to start your own company . 

 everything you learn in this article is still going to be relevant for the next few years at least i hope so because i'm able to rely on this knowledge for the past four years working full-time as a creative entrepreneur 

 one thing you really want to learn and know about it's called fpl:

 fpl stands for federal poverty line or level i don't know which it is as it turned out you don't have to be making zero dollars for under let's say 10 000 a year in order to qualify for government assistance programs or in other words marketplace health insurance having this knowledge at hand could be really helpful and guess what this whole thing could be self-serviced, this means that you don't have to talk to a world expert or spend thousands of dollars working with someone.

 all this information is ready and available at your fingertips start with healthcare.gov :

so i'm going to use my personal example i live in massachusetts and i know that we have really good health insurance here and i'm sorry if you live in a place where you find this information a little bit more difficult to navigate but do start at healthcare.gov and you will see so much resources and information that you didn't know was available so first of all a lot of people say what about cobra if you leave your job if you lost your job all of a sudden then your employer is responsible to provide you with cobra now that means it will continue the health insurance you had before whether it's for yourself or for a family of eight people doesn't matter but the downside of cobra is that it's very very expensive 

 now i think this is extremely important : 

if there's only one person who's working and you're raising kids and the family you'll feel a lot of pressure because health insurance in general is not cheap if you're starting a new gig you have to start searching and looking for really good health insurance for yourself or your loved ones so definitely check it out .

i want to demystify the idea of an fpl federal poverty line now what it means for you as an entrepreneur if you're just by yourself your single person i'm going to give you the data from massachusetts as of 2019 which is at 300 to 400 fpl you will still qualify for marketplace insurance if you make forty nine thousand nine hundred and sixty dollars in massachusetts in your net income 

okay the net income part is really important too but first of all forty nine thousand dollars that's a lot more money probably than what you thought would be and you still qualify for a credit 

now if you're making or you think you're going to make a lot less money let's say 25 to 35 000 that means you'll pay even less or get more government support for your health insurance i also must talk about net income what does that mean if you're a credo entrepreneur and say first year you made sixty thousand dollars all out of new clients that you've acquired that's pretty good right but now out of that sixty thousand dollars now you have twenty thousand dollars or more for expenses for software for renovating your office for adjusting, painting or creating new spaces in your homes that cost a lot of money
 now what happened is you will use that forty thousand dollars which is sixty thousand dollars in your revenue minus twenty thousand dollars in your expenses forty thousand dollars is your net income i hope that makes sense , 

so now that forty thousand dollars is going to be an estimation or what you will use to qualify for healthcare.gov or marketplace health insurance and please don't overlook expenses i remember when i was starting my company for face world there are a ton of expenses that go into what you need as a business so those are automatically deducted from your revenue so things such as taking clients out to meals i know it hasn't happened all that often during the pandemic as well as travel i used to travel so much for my business i don't do so much of that anymore so you know plane tickets meals and things like that are all deductible to a certain degree if you're an accountant or if you want to be more educated on that topic you can look it up 

but the idea is all about net income which makes so many people qualify for these marketplace health insurance now you may be thinking i'm not just by myself i have a spouse i have a child what does that come up to be for a family of three let's just say mom dad and kid you can have up to eighty five thousand dollars three hundred and twenty dollars for 400 fpl and still qualify for marketplace health insurance 
now at that level you might not get a whole lot of support compared to a family of three let's say making forty thousand dollars you'll get more help meaning you're spending less for health insurance

 the open enrollment which is the period where you can enroll yourself your family into these marketplace health insurance is november 1st 

 well healthcare.gov is now offering a lot of online and offline resources and help there are 1-800 numbers that you can call and to get educated on there also what's called walk-in centers which were really helpful before i've never done it i do everything exclusively online