Affordable Care Act - Health Insurance Impact

Self Made: NASE's Blog

Blog With Us

Welcome to the Self Made. This is a blog focused primarily on the self-employed and micro-business and full of fantastic posts by not only our team of experts but by YOU!  We realize that there are many ways to help the small businesses out there which is why we invite other business minded individuals to post here and help the rest of the community as well.

Affordable Care Act - Health Insurance Impact

Feb 08, 2023

The Affordable Care Act (ACA) has had a significant impact on the health insurance landscape in the United States. For startups and self-employed individuals, this can be both good and bad news. On the one hand, ACA-compliant plans are generally more comprehensive than those offered before the law was enacted. In this blog post, we'll take a look at how the ACA has affected health insurance for startups and self-employed individuals, as well as some of the options available to them.

The Affordable Care Act (ACA) Has Had a Big Impact On Health Insurance For Startups And Self-Employed Individuals

The Affordable Care Act (ACA) has revolutionized the health coverage options for startups and self-employed individuals. Before its passage, these groups did not qualify for health insurance and as such, were often without care or protection from potential medical bills. Now, thanks to ACA provisions, businesses with a low employee count can offer employee health insurance at affordable rates that they wouldn’t have been able to otherwise get access to. 

And individuals who work independently can now purchase health plans offered on the individual market through their state’s ACA exchange program, often with significant financial assistance in the form of subsidies or tax credits. By improving the affordability of coverage options for self-employed workers and small business owners, the ACA has provided unprecedented levels of job security, allowing people to add dependent to health insurance, financial freedom, and peace of mind.

Prior To The ACA, It Was Very Difficult For These Groups To Find Affordable Health Insurance Coverage

Before the implementation of the Affordable Care Act (ACA), many individuals and small businesses across the United States had difficulty finding affordable health insurance coverage. Self-employed individuals who worked part-time or lived in rural areas often grappled with the disproportionately high costs of obtaining health insurance. 

Meanwhile, employers with only a handful of workers sometimes struggled to offer healthcare plans that wouldn't financially cripple their business. Fortunately, new ACA regulations paved the way for more accessible and affordable health insurance plans for these groups, allowing them to get coverage for necessary needs such as routine checkups, hospitalization, and special treatments.

The ACA Has Made It Possible For Them To Get Coverage Through The Health Insurance Marketplace or Medicaid

The Affordable Care Act (ACA), commonly known as Obamacare, has made great strides in helping make healthcare more affordable for individuals and businesses. For many, the ACA has opened up the opportunity to shop for insurance coverage that fits their needs and budget through the Health Insurance Marketplace or Medicaid. 

Businesses have been able to provide important coverage to employees who would not have had access to health care before. Furthermore, individuals can now receive much-needed subsidies if they meet particular criteria set forth by the ACA. The ACA is making healthcare more affordable than it was before while also providing significant value to businesses and citizens alike.

There Are Still Some Challenges That Remain, But Overall, The ACA Has Had a Positive Impact on Health Insurance For Startups and Self-Employed Individuals

While the Affordable Care Act (ACA) has been met with mixed reactions since its full implementation, it's clear that small businesses and self-employed individuals have benefited from its presence. Prior to the ACA, these types of businesses were particularly vulnerable to rising healthcare costs. 

However, these companies are now on an equal footing with any large business in regards to being able to provide basic health insurance plans for their employees. To be sure, there is still some room for improvement - for example, policies regarding deductibles, which can still be difficult to meet for all involved parties - but overall, Obamacare has had a positive impact when it comes to providing healthcare access to entrepreneurs and self-employed individuals.

Meet The Author:

Grant Chen

Grant Chen

Grant Chen is a versatile freelance writer with a passion for crafting engaging and informative content. With a keen eye for detail and a knack for storytelling, he weaves words into compelling narratives that captivate readers across various genres. Drawing from a diverse background and a love for research, Grant brings a fresh perspective to his writing, making complex subjects accessible and intriguing. Whether delving into the realms of technology, travel, or personal development, Grant's words not only inform but also inspire, leaving a lasting impact on his audience.


Related Member Benefits

We thought these benefits may be of interest based on the content above.
Health: MetLife Accident Insurance Benefit – Included with Membership

Metlife Accident Insurance included coverage helps offset costs that may not be covered under your existing medical plan.

Helpful Tips for Organizing and Managing Your Business Inventory

Helpful Tips for Organizing and Managing Your Business Inventory What started as a hobby, side hustle, or microbusiness is now growing into something bigger and better. That means it’s time to get serious and start implementing systems into your business.   One important part of a small business that often gets overlooked is inventory management. Smart

Written By Ryan M (@pss-california) - Tips and Tricks

7 Profitable Craft Business Ideas for Students to Start in 2024

Are you looking for a unique way to earn some extra cash while unleashing your creative spirit? Crafting isn’t just a fun hobby; it can also be a lucrative business venture. With a bit of imagination and some entrepreneurial spirit, you can turn those skills into a profitable enterprise right from your dorm room.  Whether

Written By Karcy Noonan (@anthonylucas) - How-To Guides / Tutorials

Scent Marketing: How Small Businesses are Using Fragrance to Enhance Customer Experience

In the competitive world of small business, creating a memorable customer experience is key to standing out. One innovative strategy that has gained traction is scent marketing. By incorporating carefully chosen fragrances into their environments, small businesses can evoke emotions, create lasting memories, and even influence purchasing behavior. This article explores how small businesses are

Written By Karcy Noonan (@anthonylucas) - Customer Service Insights

Starting a Bridal Gown Business: Key Considerations and Strategies

As a business that combines elegance, romance, and celebration, the bridal gown industry appeals to those who want to pursue their entrepreneurial dreams. But breaking into this cutthroat market demands careful preparation, ingenuity, and a deep grasp of the workings of the industry. This essay examines crucial factors and practical tactics for starting and expanding

Written By Delilah (@delilah-a) - Best Practices | Tips and Tricks

Overcoming Common Challenges Faced by Online Entrepreneurs

Starting a successful online business is like starting a tug-of-war between your time and money. For early-stage entrepreneurs, you constantly have to ask yourself if you should invest your hours into learning new skills, like web design and video editing, or if you’re better off hiring experts. And then there’s the question of how you’ll

Written By Joseph Muscente (@lendingtree123) - Best Practices

Want More?

See our latest Self Made content by clicking here.  Want to see our archives, click here.

Courtesy of