“I just pray I don’t get sick” is not a viable corporate health strategy. 🩺

One of the steepest prices founders pay for freedom is sourcing their own health insurance. It’s tedious, full of confusing jargon, and often shockingly expensive.

But a single unexpected emergency room visit shouldn’t be the reason your company faces bankruptcy. Here is a quick guide to the primary routes for self-employed individuals:

1️⃣ ACA Marketplace (Obamacare): Guaranteed coverage regardless of pre-existing conditions. Can be costly if you don’t qualify for subsidies, but highly regulated and reliable.

2️⃣ Off-Marketplace Private Plans: Often medically underwritten. If you and your family are relatively healthy, these can sometimes offer premium PPO networks for a lower monthly cost than the exchange.

3️⃣ Health Sharing Programs: Non-insurance alternatives where members share medical costs. Significantly cheaper monthly allocations, but they don’t carry the same legal guarantees as traditional insurance. Excellent for catastrophic protection if you understand the guidelines.

Pro-Tip: If your business is structured as an S-Corp, you can often write off your health insurance premiums as an above-the-line deduction, saving you significant tax dollars.

Stop avoiding the paperwork. Secure your health so you can focus on your growth.

#HealthInsurance #SelfEmployed #FounderHealth #TaxDeductions #SmallBusinessOwner