The Best Rate Insurance

💅 ATTENTION NAIL PROFESSIONALS: CHANGES IN REPORTED INCOME MAY AFFECT YOUR HEALTH INSURANCE

Recently, many people in the nail industry have been paying closer attention to income reporting and tax-related matters. What many don't realize is that when your reported income changes, your health insurance eligibility and costs may change as well.

✅ Scenario 1: You are enrolled in Medicaid or CHIP
Many individuals previously qualified for Medicaid or CHIP based on lower income reported under a 1099 status. If you transition to a W-2 position and your reported income increases, you may no longer qualify for these programs and could lose your current coverage.

✅ Scenario 2: You have a Marketplace Health Insurance Plan
If your reported income increases after moving from 1099 to W-2, your subsidy (Premium Tax Credit) may decrease. As a result, your monthly health insurance premium could be higher than before.

📌 If your income or employment status changes, don't forget to update your insurance information. Doing so can help you avoid unexpected changes to your coverage or monthly costs.

👉 If you work in the nail industry and have experienced changes in income or employment status, contact The Best Rate Insurance to review your options and find a plan that fits your situation.

𝗧𝗛𝗘 𝗕𝗘𝗦𝗧 𝗥𝗔𝗧𝗘 𝗜𝗡𝗦𝗨𝗥𝗔𝗡𝗖𝗘
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The Best Rate Insurance | Katy, Houston, Cypress & Spring

NAIL SALON OWNERS: DO YOU EXPLORE GROUP INSURANCE PLANS?

As the nail industry becomes more focused on workforce management and business compliance, now is a good time for salon owners to review the group insurance plans.

📌 If your business has 50 or more full-time employees (or full-time equivalents), federal regulations may require you to offer health insurance coverage to eligible employees.

📌 If your business has fewer than 50 employees, offering health insurance is generally not required. However, many salon owners are choosing to provide employee health benefits because it can help:
✔ Attract and retain employees
✔ Enhance employee benefits
✔ Create a more professional workplace
✔ Gain a competitive advantage when hiring

Every business has different goals, staffing levels, and budgets. Exploring Group Insurance Plan options early can help you better prepare for the long-term growth of your salon.

👉 Contact The Best Rate Insurance today to learn more about Group Insurance Plans for your business.

𝗧𝗛𝗘 𝗕𝗘𝗦𝗧 𝗥𝗔𝗧𝗘 𝗜𝗡𝗦𝗨𝗥𝗔𝗡𝗖𝗘
Be the best, join The Best
833-633-6868
The Best Rate Insurance | Katy, Houston, Cypress & Spring

Term Life or Whole Life — which one fits YOU?

🛡️ TERM LIFE
Coverage for 10/20/30 years. Lower premium. Best for: young families, mortgage protection, kids' education years.

💎 WHOLE LIFE
Lifetime coverage. Higher premium. Builds cash value over time. Best for: long-term wealth planning, estate planning, lifetime protection.

Comment 1️⃣ for Term Life or 2️⃣ for Whole Life — we'll DM you a free comparison breakdown.
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📞 833-633-6868
THE BEST RATE INSURANCE
Be the best, join The Best
The Best Rate Insurance | Katy, Houston, Cypress & Spring