Welcome! Chances are you’re not an expert in Self Employment Health Insurance qualifications and needs, but that is exactly why we are here. We’ve put together a list of some of the most commonly asked Self Employment Insurance questions to help you get enrolled in a TN health Insurance plan. All comparisons begin with your zip code and you can find out what your costs will be by starting there. If you can’t find the answers to your questions here, just click through to our FAQ’S page.
If you run an income-generating business with no employees, then you’re considered self-employed (not an employer) and can get coverage through the marketplace or start that enrollment here. If you pay independent contractors too, as non W-2 workers then you still qualify as being self-employed. If you are unsure whether your workers are independent contractors or employees, we recommend visiting Self Employed vs Independent Contractor list and/or consulting with one of our agents before making any decisions for your business.
If you are self-employed, you may be eligible to utilize some premium deductions for your health insurance, along with dental, and qualifying long-term care. The Affordable Care Act, (Obamacare) didn’t substantially change the impact of these deductions. Frequently self-employed people will qualify for an Advanced Premium Tax Credit as seen below.
An Advanced Premium Tax Credit allows you to receive the premium each month, rather than waiting to receive the credit when you file your taxes the next year. You may be eligible for the tax credit if you meet the following criteria.
If your income falls within the following ranges you’ll generally qualify for a premium tax credit. The lower your income is within these ranges, the bigger your credit.
$11,490 to $45,960 for individuals
$15,510 to $62,040 for a family of 2
$19,530 to $78,120 for a family of 3
$23,550 to $94,200 for a family of 4
$27,570 to $110,280 for a family of 5
$31,590 to $126,360 for a family of 6
$35,610 to $142,440 for a family of 7
$39,630 to $158,520 for a family of 8
More info at IRS.Gov on the Premium Tax Credit .
The difference for self-employed health insurance is really the difference between being self-employed and an employer. If you have employees (generally, workers whose income you report on a W-2 at the end of the year) you’re considered an employer. Then you could get coverage for yourself and your employees through the marketplace.
You can’t be denied coverage or charged more because you have a pre-existing health condition. Health TN can help you compare important features of several plans side-by-side, all of them offering a full package of essential health benefits. You can see what your premium, deductibles, and out-of-pocket costs will be before you decide to enroll.
At HealthTN.com we have been serving Self-Employed Small Business Owners in Middle, East and West Tennessee for years. We currently serve over 15,000 Tennesseans. We have agents that will visit you in house from all surrounding areas of Tennessee: Including Nashville, Knoxville, Chattanooga, or Jackson TN and all areas in between. We can have a local agent can connect to you in minutes or meet with you in as little as 24 hours. Thank you for the chance to serve you and your small business