In today’s marketplace, many people get their health insurance coverage from a spouse’s benefits plan; however, a growing number of married couples maintain separate individual health insurance coverage.
Health savings accounts (HSAs) have been around since 2003; however, many people remain unfamiliar with them. Similar to a personal savings account, an HSA allows an individual to use untaxed savings to pay their own individual health insurance costs—and to receive employer contributions up to a certain amount.
Many people assume that individual health insurance, which is insurance you purchase on your own, is more expensive than group health insurance, which is a policy an employee gets through their company. So how much does individual health insurance cost? How does it stack up against company-based group health insurance? Data shows that individual health insurance is, on average, more affordable than group coverage. Furthermore, the passage of a new federal law in 2016 created a third health insurance option for small businesses to offer their employees that can help businesses fix their health benefit costs.
Health savings accounts (HSAs) have become a popular option for people who wish to have comprehensive individual health insurance while building up tax-free savings they can roll over from year to year. According to research firm Devenir, more than 16 million people had an HSA in 2015.
An analysis of individual and family health insurance policies available in 2017 reveals that costs have increased across the board from 2016. eHealth, the nation’s largest private online health insurance exchange, released its latest Health Insurance Price Index report on January 13. It looked at the average health insurance premium cost for individual and family policies during the first two months of this year's open enrollment period.
You probably already know that the cost of living varies greatly from region to region. Where you live dictates how much you pay for just about everything, from housing to the cost of dinner at your favorite restaurant. But did you know that your zip code also plays a role in the cost of group health insurance? According to a recent survey conducted by United Benefit Advisors (UBA), geography was one of several factors that affect the cost of health insurance.
The year is still young, but a survey conducted at the close of 2016 indicates that small business owners are confident about growth in 2017. According to data gathered by the National Federation of Independent Business (NFIB), optimism among small business owners increased by 7.4 points in December 2016—the biggest single jump since 1980 and the highest surge since 2004.
It seems that not a day goes by without Obamacare making headlines. As the new Republican administration gets settled, it’s an understatement to say that the future of the Affordable Care Act (ACA) is uncertain. But just how many people take advantage of Obamacare? How many Americans will be affected by an ACA repeal or overhaul?
Studies show that employee turnover can be one of the biggest costs for businesses. On average, businesses must spent the equivalent of six to nine months of an employee’s salary to locate and train their replacement. For a worker who earned $60,000 annually, this means a company must shell out up to $45,000 simply to get another person in the door—and that’s before the company has spent a dime on the new employee’s salary. Considering the high cost of replacing and retraining, it makes sense for businesses to think about why employees leave in the first place—and to focus their efforts on employee retention rather than making counteroffers when employees threaten to move on.
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.