What is the best way for a self employed owner to get Group Health Insurance?
Self employed owners of a small business must have at least one non spousal, w-2 employee to qualify as a group. This is because AB 1672 has been pre-empted by Health Care Reform and AB 1083. To learn more click here for the new definition or §10753 (q) (1).
If you do have a non spousal employee on payroll, click here to get a quote.
If not, then coverage is STILL guaranteed issue with no pre-existing condition clause on an individual basis get FREE quotes & benefits by clicking here.
If your business isn’t as profitable as it should be, you can qualify for subsidies under Obamacare, it’s a function of MAGI – Modified Adjusted Gross Income, Line 37 on your 1040 tax return. This is in addition
Resources & Links
Related Pages in the Self Employed Health Insurance Deduction on 1040 Sections&
- Self Employed & S Corp Health Insurance Deduction on 1040 Line 29
Schedule C – Line 12 Biz Income or Loss, Line 29 Health Insurance Premiums, Line 37 Adjusted Gross Income, MAGI Income
IRS Small Business Self-Employed Tax Center
Meals & Entertainment
Car and Truck Expenses
Legal and Professional Fees
Travel and Meals
Business Use of Your Home
Other Expenses You Can Deduct
Expenses You Cannot Deduct