Small Business Health Insurance Trends 2019

Small Business Insurance

The majority of Americans rely on small business health insurance to get the coverage they need. Unfortunately, too many small businesses fail to offer the right coverage options. In fact, in a survey of firms with between 3 and 9 employees, only 44% of those small businesses offered any health benefits. That’s bad news considering that small businesses make up the majority of businesses in the United States. Luckily, things are looking up. Despite the complicated and confusing insurance landscape of today, new trends are taking over that make small…

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Insurance plans are being dropped by many small businesses

small business health insurance

The health care reform is making some company owners believe that they cannot afford to continue coverage. The latest wave in the health care reform appears to be a withdrawal of a number of small employers from offering insurance plans to their employees, as some have discovered that they will be facing notably higher premiums than they have previously paid. This rise in the price of health plans is causing a number of small business owners to forego coverage next year. Instead, these companies are frequently choosing to pay their…

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Health insurance cancellation letters return: are you next?

health insurance cancelled

A new wave of letters are expected to be issued soon as plans fail to comply with the health care reform. Last year’s massive wave of letters that swept the country to inform previously covered Americans that their health insurance plans were being cancelled is about to be seen again. The question doesn’t appear to be whether or not this will happen, but how many will be affected. While some have predicted that the final tally could be rather low, others have said that there could be up to 20…

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How the New Health Insurance Laws of 2014 Will Affect Businesses

Small Group Health Insurance

Health care has always been a hot topic. Historically health insurance was too expensive for many smaller businesses and individuals to have. Unfortunately the failure to obtain that insurance could result in very high medical costs when hospital, doctor, or dental visits were required. The Affordable Health Care Act known by many as ObamaCare will come into full effect in January of next year. It is meant to reform health care as we know it. There will be many changes that businesses and employees should be aware of. Overall Health…

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Employer-sponsored health insurance for government workers evolving

Group Health Insurance

Employer-sponsored health insurance gap shortening between public and private sectors A new analysis from USA Today has found that many state and local governments throughout the country are saving significant amounts of money on employer-sponsored health insurance by cutting the benefits that are provided to workers. According to federal data, government workers typically have access to more generous health insurance benefits than those in the private sector. Several economic factors, such as a major recession, have encouraged states to make changes to the coverage they offer employees, in an attempt…

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Health insurance for workers at Olive Garden to improve

Health Insurance for employees at the Olive Garden

Employees have been told that they can expect to see better benefits coming soon. Sears and Darden Restaurants – the company that owns the Olive Garden and Red Lobster chains – has recently revealed their intensions to change the way health insurance benefits will be provided to the workers at those locations. Employees will now have the opportunity to purchase their own plans. The restaurant giant has stated that instead of choosing the plan on behalf of their employees, it will pay them directly in order to allow them to…

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Aon Hewitt introduces new corporate health insurance exchange

Group Health Insurance Exchanges

Aon Hewitt provides alternative to state-run and federal health insurance exchanges Health insurance exchanges are on their way, thanks to the Affordable Care Act, but many of the country’s small and mid-sized businesses are still concerned for what these systems could mean for them. Health insurance exchanges are designed primarily with consumers in mind, not businesses. As such, many of the concerns some businesses are having concerning the changing landscape of health insurance go unaddressed. Aon Hewitt, the human resources and health benefits consultancy division of the Aon Corporation, has…

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