Small business health insurance options for 2016
If you have a small business (1-50 employees), you're not required to offer your employees health insurance, but if you do, you might qualify for tax credits.
Where to buy a health plan
If you have a small business with 1-50 employees, you have several options:
Washington state’s Exchange - Small businesses also can choose a health plan through Washington Healthplanfinder Business (www.wahbexchange.org).
Association health plans - Small businesses can buy health insurance through an association.
Don’t buy a health plan - You can decide to not buy group health insurance and let employees buy their own individual health plans.
Options if you're self-employed
Even if you’re self-employed, you might qualify to buy small group health insurance if:
- You have been in business for at least one year;
- In the previous tax year, you earned at least 75 percent of your income from the business (if your business income falls below 75 percent in a tax year, you’ll no longer qualify for small group insurance); and
- You file an IRS Form 1040(C) or (F).