Getting self-employed health insurance shouldn’t be difficult at all. Thanks to the Affordable Care Act everyone regardless of their employment status can get health insurance. Building a successful business can be hard work.
To be eligible, your income needs to come via a business that doesn’t have any other income-reported employees on your W2 form.
The good news is that there are numerous cost assistance options available to select from.
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 State exchange to get a policy that is made just for you.
Small business owners as well as other self-employed individuals have access to the Small Business Health Options Program or SHOP exchange.
The state exchange is supported by the federal government and makes any business with a maximum of 50 employees eligible for this type of insurance.
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.
How much you pay as monthly premiums is wholly dependent on your income. For instance, there are certain plans that are only available to individuals with a low income.
Self-Employed health insurance policies are also flexible enough for you to switch your plan to suit your income levels. This also means that you may be eligible for government subsidies which can help lower the cost of coverage.
You should understand that being self-employed doesn’t exempt you from getting coverage via an individual health insurance policy. If you are interested in learning more about this and getting quotes, simply fill out the Very Good Coverage Quote Form.
This option is also available to self-employed individuals in South Carolina. The state clarifies that any group of 2 employees with an employer can be considered eligible for a small group health insurance policy. This means if you have a business and a full time worker, you can apply for group health insurance coverage. These Group Plans include: