Self Employed Group Health Insurance Plans for one person are now available in Virginia. Effective 07-01-2018 Virginia law now allows the self employed to qualify for a one person group policy. This law requires all health insures in Virginia to offer the self employed group health coverage.
Enrolling as a one person group as many benefits compared to purchasing an individual Affordable Care Act plan. In the Richmond, Virginia market for 2018 you only of a choice of 5 individual Affordable Care Act plans compare to the over 100 plans that United HealthCare offers a one person group in the Richmond market. You will have access to a much larger number of doctors and hospitals with a group policy compare to an individual affordable care act policy.
Single member LLCs, sole proprietors, partnerships, or corporations with no employees partners and no partners. You must work full time for your business and have filed a tax return for the previous tax year.
· Sole proprietorship: Schedule C or F (from 1040)
· Partnership, S corporation, or LLC: Schedule K-1 for the sole partner/member
· C corporation: most recently filed Virginia Employment Commission’s Employer’s Quarterly Tax Report (VEC) or W-2