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Health Insurance revisited

Discussion in 'Business Operations' started by thelawnguy, Jan 28, 2002.

  1. thelawnguy

    thelawnguy LawnSite Silver Member
    Messages: 2,412

    Disclaimer: I am either too dumb or too lazy to do a search so please do not tell me to search...lol

    I will soon need to provide my own health insurance and am questioning what the rules are on deductibility for self-employed individuals, as it may make a difference in the policy I get if its fully deductible.

    Thanx in advance.
     
  2. bruces

    bruces LawnSite Senior Member
    Messages: 648

    The deductibility is as follows:

    2001 60%

    2002 70%

    2003 and thereafter 100%
     
  3. thelawnguy

    thelawnguy LawnSite Silver Member
    Messages: 2,412

    Thank you, Bruce.
     
  4. OBRYANMAINT

    OBRYANMAINT LawnSite Senior Member
    Messages: 555

    those are correct and i assume you will be a sole proprietor.....they are different if your a corporation and have employees thatyou may provide insurancs for
     

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