The One Tool Every Founder Needs in 2023

A guide to managing healthcare, taxes, and retirement while being self-employed. Created in partnership with Catch.

5 min. read
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First things first! This post is a paid partnership with my friends at Catch. You know I only promote products I love and believe in and Catch is the real deal! Keep reading to learn more about how they can help you with health insurance, taxes, and retirement savings in 2023.

This post is not financial or insurance advice, but rather a look into the tool and how it can help you manage those areas of your business.

Now that that's out of the way...

Starting, running, and managing a business is hard work! There's filing business licenses, hiring people, building your brand, managing inventory...we've really just scratched the surface. Throw being self-employed into the mix and wow, this just got so much more complicated! When you're self-employed, you're responsible for your own health insurance (expensive!), pay your own taxes (yes, you need to do that!), and save for retirement (401k who?). There's only so much time each day and money in your bank account. How can you be expected to manage all of that?

Enter Catch—the personal payroll and benefits app that helps people take care of taxes, retirement, and health insurance.

What is Catch?

Simply put, Catch makes being a tax-paying, health insurance-carrying, self-employed person much easier!

With Catch, you can automatically track, trace, and manage your income no matter how you earn it or how much you make. They also make sure you're getting the lowest price on your marketplace health insurance. And if you buy insurance elsewhere, they'll help you get a new, better plan.

How Catch Helps You Find Health Insurance

Have you ever wished health insurance was just...easier? Me, too! Between premiums, deductibles, in- and out-of-network providers, there's so much to consider when choosing a healthcare plan.

With Catch, you can view all the ACA-compliant plans available across carriers. Every plan that Catch offers covers all Essential Health Benefits. Answer a few questions about your income, lifestyle, and medical needs and Catch will recommend an insurance plan that makes sense. Once you choose a plan, Catch does end-to-end enrollment, which means you'll never need to log on to a government website. That feature alone is worth celebrating!

I know what you're thinking: "But Jamie, surely this can't be so easy?" Well, it is. But, if you need clarity or help, Catch has licensed health insurance agents available to answer your questions in real-time.

Already have insurance? Good on you! Catch makes it easy to renew your current plan or find a better one and check to make sure you're getting all the savings you're eligible for.

My favorite thing about using Catch is that you can shop for health insurance just like you'd shop for a flight. Compare insurance carriers based on coverage, premiums, deductibles, and even the doctors in their networks to find the best plan that fits your budget and your lifestyle.

How Catch Helps You Pay Your Taxes

Psst...did you know that if you're a 1099 employee, you should pay quarterly taxes throughout the year? Well, now you know, and guess what? Catch can help you with that, too!

Once you sign up for a Catch account (it's free, by the way!), you can provide a little more information about your income—like how much you make and where it comes from—and Catch will recommend a percentage you should withhold each time you get paid.

Catch then pays the IRS for you (again, no more visiting clunky government websites!) each quarter. Come tax filing time, you'll know exactly how much you've already paid so you can ensure the IRS only gets what they're owed—and not a penny more.

How Catch Saves You Money

So it's obvious now that Catch can save you the headaches that come with paying taxes and finding insurance as a small business owner. But Catch can also save you money!

First, there are significant savings available on health insurance based on your income. Catch works to get you tax credits that can save you hundreds of dollars on your monthly premium. There are literally billions of dollars of tax credits available. In fact, 9 out of 10 people who buy their own insurance qualify for tax credits. The average savings in 2022 was $524 per month. MIND BLOWN.

I guess the only question left is, what will you do with the money you save? I'm thinking a much-deserved vacation is on the horizon! P.S.—Catch can even help you set aside money to save for that vacation and time off.

Get Started with Catch

Getting started with Catch is as simple as signing up, answering some questions about your income streams and current health insurance situation, and purchasing an insurance plan that fits your needs. Best of all? Catch is a licensed benefits broker, so they earn from insurance companies, not the individuals who enroll in plans. That's how it's free!

Open enrollment closes December 15! (But don’t worry—you can still enroll for coverage until January 15 for coverage that starts February 1, 2023.) Don't miss your chance to find the best health insurance that fits your needs while scoring the best tax credits available to you! Get started at Catch.co.

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