Best Health Insurance For Self Employed 2019
Save money on your self-employed benefits. The Affordable Care Act now allows a self-employed health insurance deduction on premiums of 100%, meaning that you can reduce your adjusted gross income by the total amount of health insurance premiums you pay in a calendar year.
If you're self-employed, you can use the individual Health Insurance Marketplace to enroll in flexible, high-quality health coverage that works well for people who run their own businesses. You're considered self-employed if you have a business that takes in income but doesn't have any employees
But perhaps one of the biggest—and costliest—challenges is having to foot the expense for self-employed health insurance. Finding health insurance is often the greatest hurdle, one that gives workers pause before jumping headlong into self-employment.
A lot of self-employed individuals like to go with an HSA plan because this enables them to open up Health Savings Account with pre-tax dollars and use the account to pay for their health expenses. Some people are more comfortable with a "straight co-pay" plan so they know how much they will pay each time they access the system.
When employers offer health insurance as a benefit, the employer may pay over 80% of the cost. If you're self-employed, the entire cost of health insurance coverage is yours. Fortunately, there
Tax Reform and Health Insurance: New Options for the Self-Employed & Early Retiree Before we get to today's guest post, I want to highlight the impressive new course put together by my friend and business partner, Dr. Jim Dahle.