I have everything pretty much ready to launch full time. Time, skills, customers, support from family. But I’d leave my current job behind and with it my family’s health insurance for the foreseeable future. I can’t afford any of the options I’ve seen. It’s the one thing holding me back. Any ideas for affordable health insurance for startups? If you’ve been in the same situation, what did you end up doing?

  • TempermentalAnomaly@lemmy.world
    29·
    6 months ago

    Is it possible for your partner to get a job with health insurance while you get your business up and running? If not, the ACA website, healthcare.gov, is your best option. When filing, you won’t declare your income from when you had a job. Try to make your best guess. If needed, claim it to be $0 and then plan on paying it back when you file your taxes using the 1095-A.

    If you don’t have an accountant, get one. Talk to them before leaving your job. They know the ins and outs of these things. They should be one of your first trusted advisors. If you don’t know how to pick an accountant, read Small Business Cash Flow by Dennis O ’ Berry.

    • GiddyGap@lemm.eeOP
      6·
      6 months ago

      Thanks for the suggestions. We have been thinking about having my partner switch jobs to something that provides better healthcare coverage. But that could take a while and put the business opportunity at risk.