A few weeks ago, a group of Thumbtack Professionals met with representatives of the Small Business Administration (SBA) to discuss issues that were important for small business success. We’ll be sharing more information about that soon, but we thought it was important to flag something for you now. Two of the main issues we discussed at the event were taxes and health insurance coverage– both of which have important deadlines coming up.
The April 15th tax-filing deadline is a deadline everyone’s already all-too-familiar with, but there’s an equally important 15th this year. If you or someone you know still needs health insurance coverage, the deadline for applying for 2015 coverage on HealthCare.gov is February 15, 2015.
You power your small business, so it’s important that you at least consider getting covered in case of emergency. If you miss this deadline, you’ll have to wait nearly seven months until you’ll have another opportunity to sign up through healthcare.gov. That’s over half of the year you’d spend knowing that one unexpected illness or injury could not only ruin your finances, but could also turn your current business into your former business.
There’s definitely other options for finding health insurance that may be available to you after this February 15th deadline, like finding private or state-run health insurance carriers, enlisting the help of brokers or agents, or even searching online marketplaces. Keep in mind, though: federal and state-facilitated options are the only ones that have income-based cost-sharing subsidies and tax credits available.
Not having proper insurance coverage for themselves is often an avoidable mistake that many small business owners make. So give it some thought, and if you decide to go this route, make sure you enroll by February 15, 2015.
Interested in learning more? Check out HealthCare.gov right now to apply and enroll in coverage.