Skip all navigation and go to page content
HealthInsurance.Alabama.Gov
Welcome to HealthInsurance.Alabama.Gov  Top Navigation Feedback Home Page Contact Us About Us Search the Alabama website
EMPLOYERS
 Small-Sized Business Employer
(2-50 employees)
 Medium-Sized Business Employer
(51-250 employees)
 Large-Sized Business Employer
(250 or more employees)
INDIVIDUALS & FAMILIES
 START HERE - What Health Insurance is Right for Me?
 Self-Employed
 Employed & Uninsured
 Unemployed & Uninsured
 College Student
 Recent College or High School Graduate
 Uninsured Children
 Transitioning to Retirement
 Maximizing Your Healthcare Coverage
 AHIP and COBRA
 Finding a Health Plan and Policy
RESOURCES
 Alabama Health Plans
 Small Employer Resources
 National Business Groups & Associations
 Low- or No-Cost Health Insurance Programs
 Consumer Health Insurance Information
HELPFUL WEB TOOLS
 Glossary
 Tax Savings Benefits Calculator for Employees
 Tipsheets

"My focus is on my business and getting money coming in the door. At the same time, I realize that if I get sick or have a major health issue, everything I’ve worked so hard for would be at risk. Are there insurance products out there designed for someone like me?"

Self-Employed

Helpful web tools

Who will pay your bills if you have a serious accident or a major illness? You need to buy health insurance for the same reason you buy other kinds of insurance, to protect yourself and your family financially. Although you cannot predict your medical bills, you can be prepared for very high ones should you become ill or injured.

Tax Advantages to Purchasing Health Insurance

Purchasing health insurance has significant tax savings for you and your family. Self-employed persons may deduct 100% of the cost of their health insurance premiums from their adjusted gross income. This includes:

  • Federal income tax savings (at the individual's tax bracket)
  • 15.3% FICA tax savings
  • State income tax equivalent to the individual's state income tax bracket

Finding a Health Plan and Policy That Meet Your Needs

The process for selecting a health insurance plan can feel overwhelming. These four steps will help you organize your health insurance planning, research, and purchasing processes.


Skip bottom navigation and go back to content

Home | Contact Us | About Us | Search | Health Benefits Tax Savings Calculator for Employees
What Health Insurance is Right for Me | Employers | Individuals/Families | Resources

Disclaimer
Copyright © 2006-2007 HealthInsurance.Alabama.Gov ®. All rights reserved.
What health insurance is right for me Health benefits calculator Additional resources Helpful web tools