Utah has one of the fastest-growing self-employed populations in the country. Leaving a W-2 job means figuring out health coverage on your own. Here is what you need to know.
Your Three Main Options
The Health Insurance Marketplace (healthcare.gov) offers subsidized plans based on income. Private individual plans offer more flexibility but no subsidies. Health share programs pool member contributions but have fewer protections than traditional insurance.
Free: Utah Family Coverage Checklist
Get the 7 coverages every Utah family should have.
The Tax Deduction You Might Be Missing
If you are self-employed, your health insurance premiums are 100% tax deductible as a business expense. This applies to coverage for you, your spouse, and your dependents. Many self-employed workers do not realize this and overpay on taxes by thousands per year.
