NASE on Micro-Business

It’s Cover The Uninsured Week!

Posted on: March 27, 2009

As this year’s Cover the Uninsured Week starts to wind down, I am encouraged that we will see major steps in reform for the working uninsured. And that’s a nice place to be.

With over 60 percent of Americans living without health insurance coming from a family where the head of household works for a small business, the NASE routinely supports efforts, like Cover the Uninsured Week, to inform folks about their coverage options from federal or state programs.

The NASE conducts several online polls of our members each year. Recently, we asked micro-businesses to speak up about their health care situation. It’s nothing new that many people, not just the self-employed, struggle to pay their premium costs. However, we found that one quarter of micro-business owners are currently uninsured, and almost three-quarters (71 percent) have been uninsured at some time.

While corporations are able to deduct health insurance premiums as a business expense and forego FICA (Social Security and Medicare) taxes on these expenses, the self-employed are not. As I mentioned in last week’s blog post, The Equity for Our Nation’s Self-Employed Act (H.R. 1470) would eliminate this double digit disparity in the tax code, which inhibits the self-employed from receiving a full deduction for health insurance costs.

Cover the Uninsured links:

 

 

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Connect with NASE

NASEtweets on Twitter    NASE Facebook Group      NASE LinkedIn Group      NASEview YouTube Channel

     

http://www.nase.org/

Daily Reads

RSS NASE tweets!

  • An error has occurred; the feed is probably down. Try again later.
Featured in Alltop
March 2009
M T W T F S S
« Feb   Apr »
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
%d bloggers like this: