How to Get Health Insurance Coverage for Business Owners and Contractors

if you're a business owner self-employed contractor you've probably asked yourself can i afford health insurance and a lot of people assume that they can't afford health insurance but there's a couple different ways for a self-employed person or a business owner to obtain health insurance so the first thing is a group health plan so i'm not talking about the one that you get on your job when you're working for somebody this is your own group health plan for your business for your employees and it only takes two people; those two people could include yourself a spouse it just takes two full-time employees and you can have your own group health insurance plan and you do not have to wait for an open enrollment period in order to start a group health plan the second thing is you can get a short-term insurance plan which does not have any rules for open enrollment periods it costs a little bit more than like your plans through affordable care act but it does allow you to have some

coverage while you're transitioning and typically those plans will cover you up to three years and lastly you do have your affordable care act you also might hear it called aca you might also hear it called by the name of obamacare but those plans are affordable it's based on your circumstance so not everybody can be approved for aca plan there are certain restrictions certain income requirements and certain times of the year that you can apply one of those times is coming up november 1st 2020 you can apply for the aca plans and if you're not sure if you qualify feel free to give us a call send me a message and i will be able to help you direct you and tell you what you do or do not qualify for but the open enrollment for affordable care act runs from november 1st to december 15th and that coverage would apply or start

january 1st 2021 so if you're thinking you can't afford health insurance make sure you consider all these options first and if you have questions about health insurance feel free to give us a call