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Employers get to deduct health care premiums from pre-tax, whereas freelancers have to pay for premiums out of their after-tax income. It can make a fairly big

Employers get to deduct health care premiums from pre-tax, whereas freelancers have to pay for premiums out of their after-tax income. It can make a fairly big difference if your marginal tax rate is high (which it probably is in CA).

willchang 7y ago
The opposite is true. If you are a freelancer, healthcare premiums are an above-the-line deduction, which practically has the same effect as a business expense. This is better than a regular deduction because you get it even if you don't itemize deductions. See https://turbotax.intuit.com/tax-tips/home-ownership/deducting-health-insurance-premiums-if-youre-self-employed/L6bRhLaVE https://turbotax.intuit.com/tax-tips/home-ownership/deductin...
- aaomidi 7y ago
  The problem is you literally can't get all the benefits that a big company can negotiate.
  - randyrand 7y ago
    Why not use a website like groupon?
  - manigandham 7y ago
    That's more of an issue with the healthcare industry and insurance companies.