Health Insurance for Self Employed | TIPS TO SAVE ON YOUR MEDICAL EXPENSES скачать в хорошем качестве

Health Insurance for Self Employed | TIPS TO SAVE ON YOUR MEDICAL EXPENSES

Learn the secrets to saving on medical expenses for self-employed individuals. These tips will help you save money and plan for early retirement. Save Money on Medical Expenses: Essential Tips for Self-Employed Call us at iHealthBrokers today at 888-410-0344. Our services are 100% Free! ★☆★ABOUT THIS VIDEO★☆★ 0:00 Intro 0:22 Costs Without Insurance 1:20 Marketplace Insurance Plans 3:17 Premium Tax Credits & MAGI 6:31 HSA & HDHP 8:49 Short Term Medical Plans 9:16 Catastrophic Coverage Plans 11:10 Direct Primary Care 12:05 Critical Illness & Hospital Indemnity Plans 13:05 Health Sharing Ministries WARNING 14:28 Final Thoughts SHOP stands for small business health options programs. If you are a small business owner with less than 50 FTE, you may be able to offer these plans to your employees. Employers with more than 50 full time employees are required to provide health insurance. If you have less than 50 full time employees you may wish to do so anyway. A recent study indicated that 56 percent of U.S. adults with employer-sponsored health benefits said that whether or not they like their health coverage is a key factor in deciding to stay at their current job. And 46 percent said health insurance was either the deciding factor or a positive influence in choosing their current job. So, if you wish to attract top talent, you may wish to consider health insurance even if you are not legally obligated to do so. In order to be eligible for the SHOP, you must have between 1-50 full time employees. At least one of these employees cannot be a business owner or partner or spouse of the business owner or partner. Additionally at least 70% of your employees must elect to take part in the program. If you are the sole employee of your business or you are not in the financial position to offer plans through SHOP, you may want to consider a regular marketplace place. Marketplace plans must all offer at least the 10 essential benefits and you cannot be denied or charge more based on a preexisting condition. Your monthly premium is largely determined by your eligibility for a premium tax credit. Eligibility is determined by your income and household size. Premium tax credits can save you quite literally thousands of dollars per year. Healthcare.gov will determine you eligibility by having you answer a few simple questions. Now, the problem is that it may be difficult to estimate next year’s income if you are self employed, especially if you are in the beginning stages of your career. However, it is important to estimate as accurately as possible. If you over estimate, not a problem, you’ll likely just receive a larger tax refund when you file your taxes. But if you underestimate, you may need to pay a portion or possibly all of that premium tax credit back. This is why we highly recommend working with an experienced account tax professional. If you are looking to lower your MAGI, you may want to consider a HDHP which offers an HSA. HSAs are health savings account.s The amount that you contribute is pre-tax therefore lowering your taxablae income. This is not only helpful when filing your taxes, but also if you are on the brink of being eligible for a premium tax credit, this could possibly push you over the edge and save you thousands of dollars per year. HSAs are interest bearing accounts where your money is held. The interest is not taxed You can use the money in these accounts for qualified medical expenses or simply let it sit there. It is your money. You can even invest a certain portion of it and money from those investments is also not taxable. If you hold onto this account until you retire, you can use it as a basic retirement account. If you are ineligible for a premium tax credit through the marketplace, you may want to look into a short term medical plan. These are a type private insurance plan that is offered for a period of up to three years in most states. If you have any further questions, please feel free to contact us here at iHealthBrokers at 888-410-0344 or https://ihealthbrokers.com/ 👇SUBSCRIBE TO iHealthBroker's CHANNEL NOW👇 https://www.youtube.com/channel/UC5jc... ★☆★CHECK OUT OUR OTHER VIDEOS★☆★ Marketplace Insurance    • Marketplace Insurance: Signing Up for...   Short Term Insurance    • BEST KEPT SECRET IN HEALTH INSURANCE!...   COBRA    • COBRA HEALTH INSURANCE EXPLAINED: I L...   How to Save Money on Health Insurance    • Save MONEY on HEALTH INSURANCE: YOU'R...   Dental Insurance    • Dental Insurance: How to Get the Best...   =================================== ★☆★CHECK US OUT ★☆★ WEBSITE: https://ihealthbrokers.com/ PHONE NUMBER: (888) 410-0344 F A C E B O O K:   / ihealthbrokers   =================================== Give us a call or leave a comment below and we'll do our best to help! Make sure to "Like" and "Subscribe" today!