Daycare.com Forum

Go Back   Daycare.com Forum > Daycare and Taxes

Daycare and Taxes All things related to Taxes and running a Daycare post here. Topics of tax exemptions, forms, filings, tax write offs, IRS etc.

Reply
 
Thread Tools Display Modes
  #1  
Old 08-27-2017, 04:33 PM
Mom2Two's Avatar
Mom2Two Mom2Two is offline
Daycare.com Member
 
Join Date: Jan 2015
Location: U. S. A.
Posts: 1,234
Default Carrying Health Insurance Thru Daycare?

Is anyone the health insurance carrier for their family, meaning that you get some kind of self employed health insurance?

After a year of getting warned to not work more than 30 hours a week, my husband's employer stopped warning him for some reason, and in this past "look back period" he worked like 30.25 hours per week (he also has a part-time small business) and so now he's offered health insurace, whereas before we had health insurance through the marketplace exchange and also got a tax credit.

His employment also offered to make him "full-time reduced benefits" status, so it seems like they do want him to work more hours, and of course he'll have to in order to afford the health insurance. <head ache>

It's all slightly confusing.

I know that one option is to go with a co-op like Samaritan Ministries or others like that. Another option is to get insurance through the exchange without the tax credit.

And then the more we earn, the less we'll qualify for things like the CACFP tier one and stuff like that. Especially since I'll be losing child support next Spring and I've been preparing for that by taking on more children.

Phew! So who has found luck getting SE insurance ?
Reply With Quote
  #2  
Old 08-28-2017, 07:34 PM
MissAnn's Avatar
MissAnn MissAnn is online now
Preschool Teacher
 
Join Date: Jan 2011
Posts: 2,152
Default

Quote:
Originally Posted by Mom2Two View Post
Is anyone the health insurance carrier for their family, meaning that you get some kind of self employed health insurance?

After a year of getting warned to not work more than 30 hours a week, my husband's employer stopped warning him for some reason, and in this past "look back period" he worked like 30.25 hours per week (he also has a part-time small business) and so now he's offered health insurace, whereas before we had health insurance through the marketplace exchange and also got a tax credit.

His employment also offered to make him "full-time reduced benefits" status, so it seems like they do want him to work more hours, and of course he'll have to in order to afford the health insurance. <head ache>

It's all slightly confusing.

I know that one option is to go with a co-op like Samaritan Ministries or others like that. Another option is to get insurance through the exchange without the tax credit.

And then the more we earn, the less we'll qualify for things like the CACFP tier one and stuff like that. Especially since I'll be losing child support next Spring and I've been preparing for that by taking on more children.

Phew! So who has found luck getting SE insurance ?
Samaritan and other share programs are not considered medical insurance and cannot be used as a deduction. Just something you should know. https://ttlc.intuit.com/questions/26...try-deductible
Reply With Quote
  #3  
Old 08-29-2017, 02:37 PM
TomCopeland's Avatar
TomCopeland TomCopeland is online now
Business Author/Trainer
 
Join Date: Jun 2010
Location: St. Paul, Minnesota
Posts: 2,751
Default health insurance

Quote:
Originally Posted by Mom2Two View Post
Is anyone the health insurance carrier for their family, meaning that you get some kind of self employed health insurance?

After a year of getting warned to not work more than 30 hours a week, my husband's employer stopped warning him for some reason, and in this past "look back period" he worked like 30.25 hours per week (he also has a part-time small business) and so now he's offered health insurace, whereas before we had health insurance through the marketplace exchange and also got a tax credit.

His employment also offered to make him "full-time reduced benefits" status, so it seems like they do want him to work more hours, and of course he'll have to in order to afford the health insurance. <head ache>

It's all slightly confusing.

I know that one option is to go with a co-op like Samaritan Ministries or others like that. Another option is to get insurance through the exchange without the tax credit.

And then the more we earn, the less we'll qualify for things like the CACFP tier one and stuff like that. Especially since I'll be losing child support next Spring and I've been preparing for that by taking on more children.

Phew! So who has found luck getting SE insurance ?
Getting health insurance through the ACA is your best bet.
__________________
http://www.tomcopelandblog.com
Reply With Quote
  #4  
Old 08-29-2017, 05:39 PM
Mom2Two's Avatar
Mom2Two Mom2Two is offline
Daycare.com Member
 
Join Date: Jan 2015
Location: U. S. A.
Posts: 1,234
Default

Turns out that since we're offered the health care we pretty much have to take it. It's about $550/mth for traditional health care plan for our family of four ($440 for high deductable), which is less expensive than anything else I've seen on the ACA.

Feeling less confused than I was...just a few things to iron out, like why the letter said we had to return it by 8/10/17 when my husband didn't get it til last week.
Reply With Quote
  #5  
Old 08-29-2017, 06:19 PM
MissAnn's Avatar
MissAnn MissAnn is online now
Preschool Teacher
 
Join Date: Jan 2011
Posts: 2,152
Default

Quote:
Originally Posted by Mom2Two View Post
Turns out that since we're offered the health care we pretty much have to take it. It's about $550/mth for traditional health care plan for our family of four ($440 for high deductable), which is less expensive than anything else I've seen on the ACA.

Feeling less confused than I was...just a few things to iron out, like why the letter said we had to return it by 8/10/17 when my husband didn't get it til last week.
I would think I died and went to Heaven with insurance that cheap. We are paying $1200 per month for just my husband and I. We both have pre existing conditions and had to go with an ACA Plan through Farm Bureau who is now dropping out of ACA. We might have to go back on Obamacare but last year the only plan offered wad $1800 per month but that is expected to go up. We barely qualify for the sliding scale and are afraid of taking the chance..... if you go one penny above thing you have to pay back the discount you received. That happened to us a few years ago and it about killed us. This health insurance mess is forcing me out of the business.
Reply With Quote
  #6  
Old 09-02-2017, 01:59 PM
Mom2Two's Avatar
Mom2Two Mom2Two is offline
Daycare.com Member
 
Join Date: Jan 2015
Location: U. S. A.
Posts: 1,234
Default

Good news! DS's employment is going to make him regular full-time with all benefits. Insurance is still the same $ amount, but at least we'll be able to afford it now. And he'll keep his small side business as well.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Licensed DayCare vs. Private DayCare marylmr Daycare Center and Family Home Forum 45 09-16-2017 07:50 AM
Home Daycare Insurance Seattle, Washington steph.l Daycare Insurance 5 03-30-2017 11:01 AM
Termination Gone Wrong MsKara Daycare Center and Family Home Forum 107 03-11-2015 02:09 PM
Daycare Home Insurance? kppzbw Daycare Insurance 6 07-09-2014 10:59 AM
Daycare Withheld Health Related Information Angela Parents and Guardians Forum 10 03-05-2010 06:52 AM


All times are GMT -7. The time now is 05:29 AM.



Daycare.com         Find A Daycare         List Your Daycare         Toys & Products                 About Us

Daycare.com
Please read our Disclaimer before continuing.

Topics pertain mainly to the following States:

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming