Health Insurance for Sole Proprietors Brooklyn NY

I assume you’re wondering if you can get a deal on your health insurance if you’re a business owner.

Sadly, if you’re a sole proprietor, you probably won’t get much of a break unless you live in a state that defines a "small business” as having one or more employees—in which case you could apply for group health insurance, which is typically a cheaper option than individual coverage. However, most states define small businesses as having two or more employees. ( Check your state’s regulations. )

In all likelihood, you’ll have to apply for individual health insurance, which runs the gamut from expensive to ridiculously expensive. That said, if you’re healthy and wealthy (can afford to pay for a lot of care out of pocket), you may be able to find a reasonably priced plan. A lot of small-business owners opt for a high-deductible health plan (HDHP) and pair it with a health savings account (HSA), a tax-advantaged savings account that can be used for health care expenses.

Since health insurance regulations vary by state, the first thing yo... ...

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