If you’re self-employed, a considerable financial concern will be finding affordable Health Insurance For Self Employed in California coverage. Though the cost of health insurance for self-employed workers always seems to be rising, you may be able to deduct 100% of health insurance premiums you pay for yourself, your dependents and your spouse, up to set limits.
Use this guide to help you navigate your options for California health insurance as a self-employed worker or small business owner. We can help you find the affordable health insurance you need to protect your health and the health of your loved ones.
They generally do not have group Benefits of Disability Insurance for various reason and need to provide for themselves. Their concerns and focus when dealing with health insurance is also unique as we’ll discuss since they are footing the bill for themselves.
Following is an overview of some of the Health Insurance For Self Employed in California to self-employed workers. Be aware that insurance laws vary from state to state, so you should start your search by checking with your state insurance department.
Finding and paying for health insurance is one of the most pressing concerns for self-employed workers. Although the cost of medical coverage is climbing, there is some good news. According to the California Society of CPAs (www.calcpa.org), you can now deduct 100 percent of health insurance premiums that you pay for yourself, your spouse and dependents, up to certain limits. And since it’s an above-the-line deduction, you’re eligible even if you don’t itemize.
Self-Employed Health Insurance
If you are a self-employed worker, you can enroll in high-quality, flexible individual Health Insurance For Self Employed in California. You are considered a self-employed individual if you have a business that makes money but does not have employees. Self-employed individuals are often considered independent contractors, consultants or freelancers.
As a self-employed California resident, you can fill out an application for a health plan, which will help you determine whether you are eligible for:
- Low-cost or free coverage: Completing an application will help you determine whether you are eligible for low-cost or free coverage through Covered California or Medicaid, which will also depend on your household’s size and your income.
- A premium tax credit: Filling out an application can help you determine whether you qualify for savings like a premium tax credit. What you qualify for will vary based on your household size and income.
While filling out the application, you will need to estimate your net income. Your savings depend on your estimated net self-employment income for the year you are obtaining coverage rather than your income from the previous year.
Best Health Insurance Options for the Self-Employed
Side hustles and self-employment are on the rise. If you are one of the millions of Americans who are self-employed, you may be concerned about whether you can find affordable, quality health insurance.
Generally, you can sign up for a health plan during open enrollment. This open enrollment period begins Nov. 1 every year and typically ends in December. A qualifying life event may also allow you to enroll in a health insurance plan. Qualifying life events include:
- Losing previous health insurance
- Having a child
- Getting married
Below, we break down how to find the best health insurance for self-employed California workers.
The Cost of Health Insurance for Self-Employed Workers
A few factors can influence the cost of a self-employed health insurance plan that is compliant with the Affordable Care Act, including:
- Location
- Age
- Deductible
- Tobacco use
- Income level
- Plan category
- Individual versus family plans
Some states have set rules that determine how much each of these factors can affect your monthly premiums. Premiums for tobacco users and older workers can be significantly higher. If you live in an urban area, you may pay more for health insurance than someone who lives in a rural area. But Health Insurance For Self Employed in California cannot charge you more for health insurance based on your medical history, current health status or gender.
Request a Free Quote for Self-Employed Health Insurance
Are you a self-employed California resident? If you are seeking health insurance for the self-employed in California, look no further than Health for California. Our application process is accurate and an easy, fast and free way to apply for self-employed health insurance in California.
Our agents are available at any time to help you and answer all of your insurance-related questions. If you are uninsured in California or you want to switch health insurance plans, get a free quote for self-employed health insurance from us at Health for California.
