Employer Health Insurance - The 8 Key Trends of 2013

EMPLOYER HEALTH INSURANCE IN THE U.S. 8 Key Trends All Small Businesses Need to Know (2013) With major provisions of health reform taking effect in 2014, many experts agree the landscape of employer health insurance is rapidly changing. This is especially true for small businesses. Where does small business health insurance stand today, and where are we going? MostAmericans Buy Insurance at Work (For Now) The Challenge: Growing Cost of Health Insurance 1999-2013 Individual Employer Contributions + 160% $4,885 6% Uninsured Employee Contributions +214% 18% Medicaid $1,878 Job-Based 20% 56% $999 Non-Elderly, $318 2012 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201 2012 2013 Average Annual Cost to Covera Single Employee Most US Employers are Small Businesses Small Businesses Struggle to Afford Health Insurance 2.3 82% < 200 Employees 62% Million <10 Employees Small Biz's Don't Offer Health Insurance But Most Want To. #1 Reason They Don't? "Cost" "Why Does Your Small Biz Want to Offer Health Insurance?" "What Does Your Small Biz Look For With Health Insurance?" Affordabllty 95% 44% Richness of Benefits 68% 33% Network of Doctors 25% Moral Obligation Insurance Company 6% Recruiting & Retention HSAS 4% Other 3% Small Businesses QuicklyAdopting Alternatives Looking Ahead to 2014– Defined Contribution 10 Million 60% Of educated employers plan to pursue altern atives to offering health insurance by 2014, including “defined contribution" More Healthcare Spending Accounts in the Last 6 Years Infographic Created and Published by Zane Benefits[December 2013). Sources: Zane Benefits is the #1 Online Health Benefits Solution • Zane Benefits, Employer Health Insurance Facts and Figures 2013 http:// offers.zanebenefits.com/employer-health-insurance-facts-figures-2013] EMPLOYER HEALTH INSURANCE: FACTS & FIGURES Successfully transition to a health benefits solution that creates happier employees, reduces costs, and frees up time for work. • Kaiser Family Foundat ion and HRET, Employer Health Benefits 2012 Annual Survey [kff.org) 213 • The Kaiser Commission on Medicaid and the Uninsured. The Uninsured: A Primer (2012) [kff.org) www.ZaneBenefits.com • eHealth, Fall 2012 Small Emplayer Benefits Survey[news.ehealthinsurance.com] • Employee Benefit Research Institute. Health Savings Accounts and Health Reimburse- ment Arrangements: Assets, Account Balances, and Rollovers, 2006-2012{www.ebi.org] • McKinsey Quarterly, How US Health Care Reform Will Affect Employee Benefits (2011) [www.mckinsey.com] ZaneBenefits DISCLAIMER: The information provided herein by Zane Benefits is general in nature and should not be relied on for commercial decisions without conducting independent review and analysis and discussing alternatives with legal, accounting, and insurance acivisors. Furthermore, health insurance regulations differ in each state; information provided does not apply to any specific U.S. state except where noted. See alicensed agent for detailed information on your state. Health Benefits Employees Love