Health Care Corner: Tip by Monty Dise
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Great news for sole proprietors and other small business owners effective July 1, 2018. It goes without saying, the individual health insurance market is a mess. Therefore, the passing of SB 672 is a victory for many small business owners. A summary of SB 672 as introduced: health insurance, small employers and self-employed persons.
SB 672 revises the definition of "small employer" for the purposes of health insurance to provide that it includes a self-employed person. The measure also provides that an individual who is the sole shareholder of a corporation, sole member of a limited liability company or an immediate family member of such sole shareholder or member qualifies as an employee of the corporation or limited liability company if he performed any service for remuneration under a contract of hire for the corporation or limited liability company. Please contact me to learn more about how SB 672 can help you.
Questions? Contact: Monty Dise, President
Asset Protection Group, Inc.
mdise@apgroupin.com
804-423-7700
