Wyoming Self-Employed Health Insurance

Most non-elderly Americans receive their health insurance coverage from an employer, however, individuals that are self-employed, run a small business or are employed by a small business need to find another way to get health insurance coverage. The great news is that self-employed health insurance just like individual and family plans can be purchased using the insurance marketplace.

How To Access Self-Employed Health Insurance In Wyoming

The State of Wyoming doesn’t have its own health insurance marketplace, so individuals in Wyoming have to use HealthCare.gov which is the federal run marketplace, to enroll in health insurance policies.

This insurance marketplace is perfectly suited to individuals that need to purchase their own health insurance coverage. 

Health Insurance Options Available To Self-Employed Individuals In Wyoming 

Individual Plan

You should understand that being self-employed in Wyoming doesn’t exempt you from getting coverage via an individual health insurance policy. By law you are mandated to have health insurance regardless of your status. If you are interested in learning more about this and getting quotes, simply fill out the Very Good Coverage Quote Form.

Group Plan

This option is also available to small business owners residing in Wyoming. A small business is basically a group of 2 employees with an employer. You need to meet this requirement to 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:

1. PPO Health Insurance Plans,
2. HMO Health Insurance Plans,
3. HSA-Qualified Health Insurance Plans
4. Indemnity Health Insurance Plans.

Benefits of Wyoming Self-Employed Health Insurance

• Individuals that get self-employed insurance for themselves and their families are eligible for tax deductibility. This means they are able to deduct 100% of their premium.
• Considering you would be paying the premium and receiving the benefits, you are eligible for high deductible and low cost comprehensive plans.
• 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 tax credit, which can help reduce the cost of your employees’ premiums.