This would reduce the cost for the family. Sterling says that he can often find a group plan for his clients, whether they are in a business or not. A lot of people don't realize that they are eligible. Look into your fraternal organization, your alumni association, or trade association, your chamber of commerce. You might be surprised.
Sterling says, that's a two-person business, eligible for a group rate and a group policy.
And keep in mind that self-employed individuals can deduct 45 percent of the cost of premiums from their taxes. Legislation has been introduced that may bring that up to 100 percent in the next decade. Talk to other people around you who are similarly situated. Do your homework. This information is not intended to be a substitute for professional medical advice.