President Trump and Small Business Owners

Small Business

President Trump and Small Business Owners

Published on April 05, 2017

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In December 2016 eHealth published results from a survey of more than a hundred small business owners who had purchased group health coverage through eHealth. We asked them whether Donald Trump’s election as President would affect their decisions to offer employees health coverage.
We also asked them how much time they spend managing employees’ benefits, why they offer coverage, and what kinds of coverage they offer to their workers.
Read on to see how small business owners like you feel about the future of health reform and to see how you stack up among other small business owners when it comes to managing employee benefits.

Small businesses and the election of Donald Trump

eHealth’s survey was conducted before the Trump administration and Congressional Republicans attempted to repeal and replace the Obamacare law in March of 2017, but the results still have something to say about whether small business owners feel Donald Trump’s election will impact their coverage decisions:

  • 53% said the election of Donald Trump would have no impact on their decision to offer employees’ health insurance
  • 37% said they were “more likely” to offer employee health insurance benefits following the election of Donald Trump
  • 39% said they expected the election of Donald Trump to have a “good” impact on their employees’ health insurance benefits
  • Only 19% thought Mr Trump’s election would have a “bad” effect on their employees’ health insurance benefits

How do you stack up when it comes to employee benefits?

Do you spend more time managing employee benefits than other small business owners? How many of your fellow small business owners are offering additional health benefits beyond medical insurance?
Here are some additional highlights from our survey that can help you understand how you compare to other small business owners.
On managing benefits:

  • 87% of survey respondents said they personally managed health insurance benefits for their employees rather than having someone else do so
  • The average respondents reported spending 1.6 hours per week managing employee benefits
  • During the annual open enrollment period, the average respondent spent 8 hours managing employee benefits
  • 37% reported dealing with moderate-to-heavy paperwork when managing employee benefits

On offering coverage:

  • When asked why they offered health insurance coverage to employees, the most popular response (39%) was out of a sense of “moral obligation”
  • Another 29% said they offered coverage to help them hire and retain the best workers
  • More than half (53%) said that, in addition to medical insurance, they offered their employees other benefits like vision insurance, dental insurance or life insurance

For more survey results and more information about the survey methodology, please refer to eHealth’s December 13, 2016 press release.
 

We’ll let you know when we publish anything new.