If you are self-employed or operate as a corporation, and you can’t get individual health insurance coverage through your spouse (or through Medicare), you can always obtain it through the premium tax credit (PTC) which comes from the Affordable Care Act.

You simply go to the health insurance marketplace (federal, or state if available) during the open enrollment period and apply. You can’t be turned down.

Costly

But there’s a catch. Premium tax credit coverage can be expensive, especially for older people. The cost depends on your age, your family size, and where you live.

For example, a family of five could have to pay over $40,000 per year for PTC midlevel ... Log in to view full article.