The majority of people get their health insurance benefits from an employer, however, for self-employed individuals, and those they run a small business, they have to find a different way to get health insurance coverage. This means they have to search from one health insurance provider to another to find a plan that not only suits their coverage preference but their budget as well.
There are numerous health insurance options for consultants, entrepreneurs, and freelancers in the world today. Most people choose self-employed health insurance as it provides them with a flexibility that matches the unpredictability of their income.
With a self-employed health insurance plan, you can apply for tax credits or subsidies should your income dip. You can also modify your insurance coverage when your income picks back up.
Additionally, self-employed health insurance plans give you enough room to search for the best plan that suits your needs without getting stuck with a pre-selected plan.
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.
Self-Employed individuals simply have to head over to the Healthcare.gov site to sign up for the best self-employed health insurance plan for you.
If you have employees, typically workers with income you report on a W2 at year’s end, you are considered an employer. In this case, you will have to buy health insurance for yourself and your employees using the SHOP Marketplace.
Selecting a self-employed health insurance plan can be a massive decision. Not only do you have to bear in mind your budget, you have to also consider the benefits that each plan brings.
That is why we at Very Good Coverage have decided to help you take the guesswork out of health insurance shopping. All you have to do is fill out the required information plus your health insurance preferences and you get a quote for a plan that best suits you!
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