If you’ve always dreamed of starting your own business – maybe it’s a 2014 New Year’s resolution – you’re certainly not alone.
Owning a business is a great way to take control of your career. It gives you the opportunity to set your own rules and do what you truly enjoy. Still, giving up a steady paycheck can be scary – but employer-provided health care may be easier to forgo since the Affordable Care Act became a reality. Like anything else, however, you can manage these fears with good solid planning.
For many without employer-provided health care, the Affordable Care Act may offer the first opportunity to purchase affordable insurance. Those with an entrepreneurial spirit (but a family to protect) may be willing to step away from their employer’s coverage and take a chance pursuing their dreams. Even the gap between an early retirement (forced or otherwise) and eligibility for Medicare coverage may no longer be a period of high financial risk.
On October 1, your state’s Health Insurance Marketplace will open its digital doors to health care window shoppers. Whether you’re looking forward to the Affordable Care Act with anticipation, dread, or a shrug, every American will be impacted, whether directly or indirectly.