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Health Insurance for Freelancers in Wyoming: What You Need to Know

by | Oct 23, 2023 | Articles, Health Insurance | 0 comments

Calling out freelancers in Wyoming in search of health insurance options,

I know it can be a bit of a headache to navigate the world of insurance when you’re working for yourself, so I’m here to break it down for you.

Buckle up, because I’m about to dive into the world of health insurance options in the great state of Wyoming.

Health Insurance Options for Freelancers in Wyoming

Individual Health Insurance Plans: Your Personal Coverage

First things first, you have a couple of options when it comes to obtaining health insurance.

One route is to purchase an individual health insurance plan.

In Wyoming, you can get one through the Wyoming Health Insurance Marketplace or directly from a private health insurance company. The good news is that Wyoming uses the federal exchange, so you can easily purchase insurance plans through the HealthCare.gov website or chat with a licensed insurance agent. They’ll guide you through the process and help you find the best plan for your needs.

Joining Professional Associations or Unions: The Power of Group Coverage

If going solo isn’t your thing, you can also explore joining a professional association or union. Some of these organizations offer group health insurance plans that you can join as a freelancer. This can be a great way to access more affordable coverage while being part of a larger community.

Medicaid: An Option for Lower Income Freelancers

Now, let’s talk about Medicaid. If you’re a freelancer with a lower income, you might be eligible for Medicaid, which provides free or low-cost health insurance. It’s definitely worth looking into if you think you might qualify. Your local Medicaid office can provide you with more information and guide you through the application process.

Important Health Insurance Rules in Wyoming

Okay, let’s not forget about some important rules that apply to health insurance in Wyoming.

Firstly, Wyoming has something called guaranteed issue for individual health insurance plans purchased on the public healthcare exchange. That means insurance companies can’t deny you coverage based on pre-existing conditions. It’s a big win for freelancers with ongoing health concerns.

Short-term health insurance plans are also an option in Wyoming, with durations of up to 364 days. This can be helpful if you’re in between other coverage options and need something temporary to bridge the gap.

Federal Individual Mandate and Tax Deductions in Wyoming

Now, here’s something you should keep in mind: Wyoming doesn’t have a state mandate for health insurance. However, the federal individual mandate still applies, although the individual penalty for not having insurance is currently $0 as of 2019. While it’s not mandatory, having health insurance is strongly recommended to protect yourself and your finances in case of unexpected medical expenses.

Great news! Freelancers in Wyoming can claim a tax deduction for health insurance premiums paid for themselves, their spouse, and dependents. This can provide some financial relief when tax season rolls around, so be sure to keep track of those premiums.

Small Business Health Insurance Tax Credit for Wyoming Freelancers

And here’s a little something for freelancers who operate as small businesses in Wyoming.

The state offers a small business health insurance tax credit, which may work in your favor. It’s definitely worth exploring if you qualify, as it can help alleviate some of the financial burden of providing health insurance for yourself and potentially your employees.

Confused or Overwhelmed? Get Expert Guidance!

If you’re feeling a bit overwhelmed or confused by all of this, don’t worry, I’ve got your back! Consider working with an experienced, licensed health insurance advisor with a medical background – like me. I can provide personalized guidance and answer any specific questions you have.

Now that we’ve covered the essentials, you’re well-equipped to make informed decisions about your health insurance coverage. Remember, taking care of yourself is an investment, and having the right health insurance can bring peace of mind in the face of uncertainty. Let’s ensure you’re well-protected on this freelancing journey in the picturesque state of Wyoming!

Let’s dive in and explore your health insurance options!

Still scratching your head on how to work around the right health insurance plan for freelancers in different states? 

Work with an experienced, licensed health insurance advisor with a medical background – me!

Book a quick 15-minute health insurance consultation with me.

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