Operating a business can be difficult, but getting health insurance coverage doesn’t have to be. You have to get used to terms such as deductible, coinsurance and copayment. We at Very Good Coverage understand that and try to cut out all the noise providing you with all the information you need.

As a business owner, you completely understand that time is one resource that shouldn’t be wasted. That’s what we are trying to do, save you time and money by providing you with necessary information to pick the best self-employed health insurance coverage for you.

A lot has been said of the change in Oregon Self-Employed health insurance. Not only do you get the flexibility needed for those with unpredictable income, but you can also qualify for tax credit as well.

Thanks to self-employed health insurance, you are able to modify your coverage to suit your pocket and your needs. Should you decide that your plan needs to do more you have the freedom to look for the best plan that suits your personal needs and circumstance, without worrying about getting stuck with a pre-selected policy.

Who gets self-employed health insurance?

Small business owners as well as other self-employed individuals have access to the Small Business Health Options Program or SHOP exchange.

The Oregon exchange is supported by the federal government and makes any business with a maximum of 50 employees eligible for this type of insurance.

With self-employed health insurance, you don’t have to worry about Open Enrolment periods. This means you don’t have to be stuck with a plan you don’t like. You can change plans any time of the year.

If you’re not a business owner, you can get self-employed insurance as well. Just as long as your reported income is via a business with no other employees. 

What Are The Benefits Of Self-Employed Health Insurance?

Your premiums are tax-deductible

Being self-employed means that the total of your health insurance premiums can be fully deducted from your personal income taxes, if you show a year's profit. The sum of your premiums are generally recorded on the 1040 form line 29, which will have your adjusted gross income reduced by that amount.

You may receive a subsidy

You could qualify for a subsidy which comes in form of a tax credit should your income fall below a particular level. The income level is based on federal guidelines and changes each year.