1. What are the health insurance options for self employed individuals?
There are no additional options available to self employed individuals that are not available to every individual purchasing individual health insurance. You can buy private insurance or go through a government exchange. Find out your options and how to choose the right policy for you.
2. Do I qualify for a government subsidy?
If you are single and make less than $46,680 then you likely qualify for a government subsidy to help you pay for health insurance. If you have a family, the income cutoff level is even higher (for example $95,400 for a family of four in 2014). Find out how much of a subsidy you qualify for using our calculator.
3. How much does individual health insurance cost?
That is going to depend primarily on your age, the plan that you choose, and whether or not you qualify for a subsidy. Learn how to determine how much your health insurance will cost.
4. Does my business have to provide health insurance to employees?
No. As long as your business has less than 50 Full Time Equivalent employees you do not have to provide health insurance. Learn how to calculate the number of Full Time Equivalent Employees.
5. I want to provide health insurance to my employees. What are my options?
There are 4 primary options for providing health insurance to employees.
- 1. Offer a traditional private group health insurance plan.
- 2. Offer Group Insurance through the government SHOP exchange.
- 3. Give your employees a taxable stipend to purchase individual insurance.
- 4. Use a PEO. Learn how to decide which options is right for your business.
6. How much does small business health insurance cost?
The cost for providing health insurance for your employees is going to depend on their age, how much your company plans to contribute towards health insurance costs, whether you offer group health insurance or provide additional income to your employees to help them offset the cost of purchasing their own individual health insurance policy.
7. What Is The Small Business Health Options Exchange (SHOP)?
SHOP is the Obamacare marketplace businesses can use to offer group health insurance for their employees. If your workers make less than $25,000 a year, your business may qualify for tax credits.
8. Where can I find additional information on how Obamacare affects small businesses?
Find out the obligations your business has as a result of Obamacare (The Affordable Care Act).