Self-Employed Tax Hack for the Younger Insured

When you "age out" of your parents' health insurance (usually at age 26), you enter a "Special Enrollment Period." This means you don't have to wait for the standard end-of-year open enrollment to get a plan.


Being self-employed in New York means you have unique access to some of the most robust health insurance protections in the country, but the "paperwork" side—like proving income and finding the right plan—is entirely on you.

Above-the-Line" Deduction

You can deduct 100% of your health insurance premiums from your taxable income on your federal and state taxes.  The catch is that you can only claim this for the months you were not eligible for a parent’s or spouse’s employer plan.

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