How do the costs pencil out on that, if you are signing up with Gusto etc. only for access to the health care plans? Presumably you need some minimum payroll or something?
Yes, even of you are a one person company you need to pay yourself through some sort of payroll service so that you stay compliant with all the regulations and pay things like disability, various taxes, etc. So you already need them, or similar, to handle that stuff.
The minimum payroll is defined by the minimum wage in your local area, keep in mind you can also choose how many hours you work.
Someday I'll write a blog post about it. Feel free to reach out to me, contact info is in my bio. I'll be happy to share anything you'd be interested in.
This seems like an incredibly useful piece of information to anyone who doesn't have trad employment in the US. I found on Gusto's site info about how you can write off your insurance costs if you meet certain criteria. Is the benefit this, or something else?
Yes, theyre deductable for any employer, this is no different.
Lots of benefits including this. It gives you the same power and security a employer plan does, because it is. In my experience the marketplaces and insurance from them can be a minefield needing navigation.
