{"id":17530,"date":"2024-07-03T00:15:10","date_gmt":"2024-07-03T00:15:10","guid":{"rendered":"https:\/\/heyerinc.com\/2024\/07\/03\/heyer-inc-s-self-employment-health-insurance-guide\/"},"modified":"2024-07-03T00:15:10","modified_gmt":"2024-07-03T00:15:10","slug":"heyer-inc-s-self-employment-health-insurance-guide","status":"publish","type":"post","link":"https:\/\/www.heyerinc.com\/blog\/2024\/07\/03\/heyer-inc-s-self-employment-health-insurance-guide\/","title":{"rendered":"Heyer Inc.\u2019s Self-Employment Health Insurance Guide"},"content":{"rendered":"
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The heat is turning up everywhere right now, literally and metaphorically.<\/p>\n

Let\u2019s discuss that in terms of your Southeastern FL business if you filed an Employee Retention Credit (ERC). See, the IRS is leveling up<\/span><\/a> their ERC claim investigations right now. If you claimed things correctly, nothing to worry about here. But if you fell prey to the ERC mills or bad advice to file when your business didn\u2019t really qualify for it, get ready for your claim to be rejected. <\/p>\n

The IRS has processed 1 million claims and it looks like a large percentage of them will be denied \u2014 tens of thousands.<\/p>\n

There is an option to withdraw your claim<\/span><\/a>. But if you believe it to be legitimate that may give you pause. <\/p>\n

If you\u2019re unsure about the legitimacy of your claim, and we didn\u2019t help you file it, let\u2019s get something scheduled to see what your next course of action is.<\/p>\n

And that goes for any area of your business you need help with.<\/p>\n

Because there are so many \u201cextras\u201d that come with business owner life that eat up precious hours and days that you should be devoting to the business. It\u2019s maddening to set aside time for things like logging expenses and researching self-employment health insurance when you want (and need) to be networking to grow the biz, staying on top of market trends, and fulfilling client work and customer orders.<\/p>\n

You already know I\u2019m here for the bookkeeping part of it:
calendly.com\/ralfheyer\/30-minute-meeting<\/a><\/strong><\/p>\n

And here\u2019s a shortcut for that time-consuming health insurance research project\u2026<\/p>\n

Heyer Inc.\u2019s Self-Employment Health Insurance Guide<\/strong><\/span>
\u201cThe first wealth is health.\u201d \u2013 Ralph Waldo Emerson<\/i><\/span><\/p>\n

I think one of the bigger challenges faced by self-employed individuals is finding affordable health insurance coverage. With no access to the group rates and employer subsidies you get from working for someone else, <\/span><\/span>Southeastern FL <\/span><\/span>self-employed folks are forced to navigate the individual market, where prices can be higher.<\/span><\/p>\n

Balancing affordability and adequate coverage can be a challenge, but knowledge is power. <\/span><\/p>\n

Types of plans for self-employment health insurance<\/strong><\/span><\/p>\n

1. Individual Plans<\/span>
Purchased directly, these plans offer flexibility and choice, allowing you to select the specific coverage and benefits that suit your needs. But, they\u2019re generally more expensive compared to employer-sponsored group plans.<\/span><\/p>\n

 2. Group Plans<\/span>
Did you know you can still get access to group health insurance plans through professional or trade associations, chambers of commerce, or other organizations? The more affordable rates are the obvious plus here, but group plans also often provide comprehensive coverage, which may include dental and vision insurance.<\/span><\/p>\n

3. Health Sharing Ministries<\/span>
Interest in these plans hasn\u2019t waned. These are religious-based organizations where members contribute to a pool of funds that are used to cover medical expenses. It\u2019s not technically insurance, but it can provide an affordable alternative for those who share similar religious beliefs.<\/span><\/p>\n

Where to buy self-employment health insurance<\/strong><\/span><\/p>\n

The Affordable Care Act (ACA) of 2010 introduced the health insurance marketplace, where individuals can shop for and compare different health insurance plans. And even though the ACA penalty for not having insurance is now zero (as of 2019), the marketplace is still accessible for people like you. (Note that some states do still enforce penalties for not having health insurance.)<\/span><\/p>\n

If you\u2019re not familiar with it yet, the marketplace offers a range of coverage options and subsidies based on income. Self-employed individuals can take advantage of the marketplace to find pretty affordable coverage.<\/span><\/p>\n

You can also seek out a local <\/span><\/span>Miami Metropolitan <\/span><\/span>insurance broker for a more personalized experience with a human to help you understand all the technical terms and choices.<\/span><\/p>\n

And online there are various tools and websites that allow you to compare plans side by side.<\/span><\/p>\n

Self-employment health insurance coverage questions to ask<\/strong><\/span><\/p>\n

This is just a sample of some questions to be asking.<\/span><\/p>\n