health insurance policy. The two most common approaches for California small business owners in this situation is to either set up a medical reimbursement type plan where you allocate a set amount to each employee/worker being careful not to discriminate (this then allows the employee/worker to purchase their own individual coverage using the set dollar amount provided) or to set up a CA small business (group) health plan.

On a side note, be sure and seek the advice of a qualified tax professional that is familiar in assisting self employed business owners in California. As you long as you have some net schedule C income then you will be able to deduct 100% of your health insurance premiums paid (for you - and your whole family if applicable) all the way up to your net Schedule C income minus 1/2 of your self employed taxes paid. From a tax standpoint this is much better than the deduction that all taxpayers (whether self employed or not) get if they itemize. If a non self employed person itemizes (their schedule A deduction is greater than their standard deduction) than they are able to deduct their health insurance premiums as a medical expense on schedule A but only the amount that exceed 7.5% of the adjusted gross income (AGI).

Maybe you are a self employed Californian but you have a somewhat large company - you probably will want to investigate a straightforward group health plan or a quasi cafeteria plan/medical reimbursement approach. All of this depends on your goals for the company.

Health insurance and other employee benefits can be a great way to attract, reward and retain employees and of course take care of your health and security. Be sure to compare California health insurance quotes from multiple CA companies.

Learn more about California self employed health insurance and request free California health insurance quotes from 5 or more companies at www.CaliforniaHealthInsurance360.com

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