Health benefits are the number one fringe benefit, and yet while nearly all (98%) of larger employers offer health benefits, only 46% of medium and small employers offer health benefits. The smaller the employer, the less likely they are to offer health benefits. Of micro employers (3-9 employees), only 44% offer health benefits. So, why do small employers offer health benefits?
Year two of the Health Insurance Marketplaces is underway. The following chart provides health insurance premium rates for major cities in each state. The data provides a snapshot of the Health Insurance Marketplace rates in 2015.
It's health insurance enrollment time and your employer is likely to make changes to your employer-sponsored coverage. That's because every year employers must re-evaluate their health insurance offerings and make difficult decisions about coverage levels and costs. As a smart consumer, pay attention to the information provided at the benefits meetings, and ask these questions about your healthcare coverage (hint - the last question will probably surprise you).
Under the Affordable Care Act, small businesses (<50 employees) aren't required to offer health insurance, but most want to. And, there are new advantages of individual health insurance such as the premium tax credits and guaranteed-issue coverage. All of these factors leave small business owners looking to invest their health benefit dollars in individual health insurance reimbursement.
If you're a small business who is tired of overpaying for health insurance, you are not alone. Over the next three years, 60 percent of small businesses are expected to cancel group health insurance coverage in favor of employer-funded individual health insurance. The primary reason? Cost.
The U.S. Supreme Court has agreed to review a challenge to the Affordable Care Act's premium tax credits, a critical aspect of the health reform law meant to help individuals and families find affordable health insurance.
When the Health Insurance Marketplaces open on November 15th for general enrollment, anyone can purchase a personal health insurance plan. During this "annual open enrollment period," you, your employees, and your clients may be shopping for a personal health insurance plan. This article answers the frequently asked question, "Do I qualify to save on health insurance?"
Disclaimer: The information provided on this website is general in nature and does not apply to any specific U.S. state except where noted. Health insurance regulations differ in each state. See a licensed agent for detailed information on your state. Zane Benefits, Inc. does not sell health insurance.