Are you self-employed, or is your income generated from a business with no other employee? If this sounds like you, then you will be interested in the Illinois Self-Employed health insurance coverage.

There are quite a number of options to select from, as well as subsidies to lower your overall costs.

If you are self-employed in Illinois, you will be happy to know that many health insurance options are suited for consultants, freelancers, and entrepreneurs to select from.

One of the biggest concerns regarding health insurance is the monthly cost or premiums. Being self-employed, that concern doubles as you have to pay for your own coverage. 

Thankfully, there are several benefits associated with purchasing self-employed insurance. 

Benefits of Illinois Self-Employed Health Insurance

• Individuals that get self-employed insurance for themselves and their families are eligible for tax deductibility. This means they can deduct 100% of their premium.
• Considering you would pay the premium and receive the benefits, you are eligible for a high deductible and low-cost comprehensive plans like PPOs.
• Being self-employed also means that you can be eligible for a group plan. And being part of a group plan means that you can pay for insurance coverage using pre-tax dollars. This has the benefit of significantly reducing your contribution amount once the year ends.
• If you are a small business owner, you might be eligible for a tax credit, which can help reduce the cost of your employees’ premiums. In Illinois, a portion of your yearly premiums can be itemized as deductibles on your taxes. This means you can deduct anything from 70 to 90% of your premiums.

Who Can Get Self-Employed Health Insurance in Illinois?

You should note that states tend to differ in the way self-employed health insurance is defined. For self-employed business owners in Illinois, small business health insurance is unavailable if there aren't any other employees.

If you are self-employed and run a business, you are also not left out. All you have to do is register as a small business and use the Illinois small business exchange or SHOP exchange to get a policy made just for you from Health Care Service Corporation, Land of Lincoln Mutual Health Insurance Company or Health Alliance Medical Plan. 

Companies That Offer Self-Employed Health Insurance In Illinois

• Blue Cross Blue Shield of Illinois 
• Cigna

Being self-employed means that you have chosen to forge your own path, so it makes perfect sense to have health insurance that moves with you and according to your needs. All you have to do is fill out the required information plus your health insurance preferences, and we at Very Good Coverage can give you a quote for a plan that best suits you!