Three Things Every Small Business Owner Should Know Right Now About Obamacare
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If you’re a small business owner contemplating health insurance options for 2017, there are a few things you should know:
Small business health coverage is cheaper than Obamacare
First, when you offer a group health insurance plan for yourself and your employees, our analysis shows coverage on a per-person basis averages about $40 cheaper per month than enrolling in an Obamacare plan – that’s nearly $160 per month for a family of four!
According to an eHealth survey of small business owners, more than two-thirds (68%) offer employer-sponsored coverage because they consider it a moral obligation or because it helps them hire and retain the best workers – but it also provides you and your employees with a more affordable road to coverage. See the report
The January 31 deadline is a big deal for you and your employees
If you still haven’t decided to offer a group health insurance plan, you need to make up your mind soon. Without a group health insurance plan, you and your employees will need to enroll in Obamacare coverage by January 31, 2017 if you want coverage for 2017.
The future of Obamacare is uncertain – but group coverage may be less likely to change
It’s no secret that President Trump has promised to repeal the Obamacare law. Replacement plans are coming into view, but it’s possible that a year from now many people who buy coverage on their own may find themselves forced off their plans.
If you want to provide yourself, your family, and your employees with stable coverage for the future, an employer-sponsored group health insurance plan may be the way to go. Employer-based plans seem less likely to be as seriously impacted by changes to the individual health insurance market based on the current political trends. Work with a licensed agent like eHealth to find the right group health plan for your needs and budget today.