Study: How Many Small Businesses are Likely to Offer Coverage by 2014?

Note: None of this should be taken as legal or tax advice.

More than half of small companies who currently offer health care plan to drop their coverage for employes by 2014.  But of the small employers that are likely to drop health coverage, 100% also said they would continue to provide coverage to employees if a "tax-excluded contribution" solution existed...

Employers take note - the tax-excluded contribution solution exists via defined contribution health plans!

Call us today to learn more...we are helping companies in NC, SC, VA, GA, FL, MD and D.C. with their health care reform programs.

The Study

In July 2011, the National Federation of Independent Business (NFIB) released a new study, "Small Business and Health Insurance: One Year After Enactment of PPACA", focused on the affect health reform has had on employee health benefits. The study predicts that less than 25% of small businesses will offer group health insurance in 2014.  

According to the study:

• 42% of small employers offer group health insurance today.
• 57% of those small employers are likely to drop health coverage by 2014.  
• 100% of the small employers that are likely to drop health coverage, also said they would continue to provide coverage to employees if a "tax-excluded contribution" solution existed (the tax-excluded contribution solution exists via defined contribution health plans).

Click here to read the full NFIB report.