Owning a small business is an exciting thing. In fact, according to Forbes, around 543,000 new small businesses start every month - that’s a lot! If you find that interesting, over 50 percent of the working population works in a small business. However, many small businesses close each month due to several factors - one of which is employee turnover.
Employer-provided health benefits are changing in America, especially for small businesses. Group healthcare costs continue to rise. Annual premiums for group policies have increased over 180 percent in the last 15 years, with the average coverage cost per family expected to reach $20,000 by 2016.
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.
We’ve released our book The End of Employer-Provided Health Insurance, which discusses the obvious solution to our nation’s employer health insurance woes - employer-funded individual health insurance. The book is available via all major retailers including Amazon.com and BarnesandNoble.com. This article is part of an on-going series of articles on The 10 Reasons Group Health Insurance is Bad for You, Your Family, and Your Company. The eighth and ninth reasons group health insurance is bad for you, your family, and your company is because it is bad for careers (your cost could double to due to one employee with a million-dollar claim) and it is bad for business (management spend time son health insurance that should be spent on customers and products).
According a survey by Korn Ferry, 57 percent of employees say they are looking for a better job outside of their current company--that’s a hard pill to swallow, isn’t it? Employee dissatisfaction is a widespread problem, but it doesn’t have to be for your company. Of the factors influencing job satisfaction, the perks that you offer your employees and the positive culture you create for them will be some of the most influential.
As the Affordable Care Act (ACA) begins its second enrollment season, the Congressional Budget Office has projected that over twice as many Americans will enroll in coverage as did last year. In 2013, the CBO estimated that 6 million Americans would purchase individual policies, with over 8 million enrolling. This year, the CBO has adjusted those numbers upward, predicting that 13 million Americans will enroll.
Individual health insurance is now better for individuals, families, and businesses. In this new Zane Benefits Whiteboard Session, J.D. Cleary outlines the ten reasons why individual health insurance is better than group health insurance.
Now that the Affordable Care Act (ACA) has been in full swing for a year, the biggest question is how will the premium costs compare to last year? A recent Kaiser Family Foundation (KFF) analysis helps answer that question. The answer? It depends a lot on what part of the country you live in.
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).
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.