Carrying TriTerm coverage instead of an ACA-compliant plan will only affect your taxes if your state imposes a tax penalty for not having ACA-compliant health insurance, says Martucci.
Congress ended the individual mandate tax penalty. Only a handful of states require standard health insurance protection, including Massachusetts, New Jersey, and California.
For self-employed individuals, certain portions of their insurance premiums can be considered tax-deductible; for better clarity, consult a tax professional, accountant, or health insurance agent/broker.