You are single and 35 years old. You are thinking of leaving your employer in January 2015 and becoming self-employed. However, replacing the insurance you currently receive through your employer is a big concern. You have saved a nice nest egg, but you know that the medical costs from one serious accident or the development of a serious medical condition could wipe out your savings. You estimate your net income will be $34,000 in your first year of self-employment. You are looking to enroll in health care through the health insurance marketplace. The estimated benchmark premium in your state for a 35-year-old is $3,000 per year. You are responsible for paying 7.50% of your income for health insurance. You are also considering purchasing disability insurance and long-term care insurance in case something happens in which you are no longer able to work or care for yourself. Consider the Affordable Care Act (ACA) in answering the following:

You should be expecting to pay which of the following percentages of your income (pre-tax) for your health insurance if it is obtained through a federal or state healthcare exchange:

6.00%

7.00%

7.50%

8.00%