The Small Business Health Economy

THE SMALL BUSINESS Health Economy CURRENT STATE OF SMALL BUSINESS HEALTHCARE 60 MILLION 22.3 PEOPLE WHO WORK FOR SMALL BUSINESSES OR ARE Million SELF-EMPLOYED ARE PEOPLE WORKING IN THE PRIVATE SECTOR WORK FOR THEMSELVES OR FOR UNINSURED ! BUSINESSES WITH FEWER THAN 100 EMPLOYEES. This makes up 1/2 of all uninsured Americans. Small businesses CREATE 75% OF NET NEW JOBS 75% 75% BUT ONLY8%o OF FIRMS WITH 10-24 SMALL BUSINESSES OFTEN PAY MORE FOR ADMINISTRATIVE COSTS ON HEALTHCARE PLANS FOR EMPLOYEES, AND DON'T GET 78% EMPLOYEES OFFER THE SAME DISCOUNTS AND SUBSIDIES AS health coverage. LARGER FIRMS. THIS MEANS Small businesses often can't afford group health plans and benefits that larger firms enjoy. Small businesses often struggle to attract talented employees BECAUSE PEOPLE CAN'T AFFORD TO TAKE JOBS THAT DON'T PROVIDE HEALTH INSURANCE. SINCE 1999 THE AVERAGE COST OF EMPLOYEE HEALTH INSURANCE PREMIUMS (FOR FAMILY COVERAGE) HAS RISEN 84% 148% 84 PERCENT IN INFLATION ADJUSTED TERMS (148 PERCENT IN NOMINAL TERMS). COST OF EMPLOYEE HEALTH INSURANCE HAS INCREASED TO 7.7% of total worker compensation, 7.7% MAKING IT DIFFICULT FOR SMALL 7.7% BUSINESSES TO AFFORD The Problem with GROUP HEALTH Policies The Benefit of INDIVIDUAL HEALTH Policies THEY ARE TEMPORARY THEY ARE PORTABLE YOU CAN LOSE YOUR YOU KEEP YOUR HEALTH INSURANCE IF HEALTH INSURANCE POLICY NO MATTER YOU OR YOUR LOVED ONE GETS SICK, OR IF YOU LOSE YOUR JOB. WHERE YOU ARE OR WHO YOU WORK FOR THEY ARE OVERPRICED THEY ARE AFFORDABLE THE AVERAGE COST FOR 1 182% 20-60% FAMILY COVERAGE ON A THEY ARE 20-60% GROUP POLICY IS LESS EXPENSIVE $16,000 PER YEAR AND HAS INCREASED BY 182% IN THE LAST 15 YEARS. 24 THAN GROUP HEALTH 2$ INSURANCE POLICIES $16,000 THEY ARE RISKY 3 THEY ARE SAFE YOU LOSE COVERAGE IF YOUR POLICY CAN'T YOUR EMPLOYER SWITCHES BE CANCELLED SO TO A NEW HEALTH LONG AS YOU PAY YOUR MONTHLY INSURANCE COMPANY, FAILS TO MEET AN INSURANCE COMPANY'S PREMIUM REQUIREMENTS, OR GOES OUT OF BUSINESS. 4 THEY ARE LIMITED THEY OFFER CHOICE YOU HAVE 0 choice YOU GET TO PICK YOUR DOCTORS AND IN CHOOSING YOUR HOSPITALS FOR YOUR HEALTHCARE PROVIDERS FAMILY'S NEEDS THEY ARE ONE-SIZE-FITS-ALL THEY OFFER FULLY CUSTOMIZABLE YOU CANNOT CHOOSE YOUR DEDUCTIBLE, YOU GET TO One size SELECT YOUR COPAYS, OR COINSURANCE BASED DEDUCTIBLE fits all AND COPAYS. ON YOUR FAMILY'S SPECIFIC NEEDS. 6 THEY ARE UNFAIR THEY ARE SUBSIDIZED YOU ARE IMMEDIATELY DISQUALIFIED FROM RECEIVING $2,000 TO $12,000 PER YEAR OF THE TRILLION-DOLLAR YOU COULD QUALIFY FOR $2,000 to $12,000 PER YEAR OF A TRILLION-DOLLAR FEDERAL SUBSIDY FEDERAL SUBSIDY THEY ARE UNSTABLE THEY ARE STABLE YOUR HEALTH YOUR INSURANCE PREMIUM AFTER-SUBSIDY CAN DOUBLE COST ONLY DEPENDING ON THE INCREASES AS YOUR OUTCOME OF JUST INCOME GROWS ONE EMPLOYEE'S INSURANCE CLAIMS 8 THEY ARE BAD FOR YOUR CAREER THEY ARE GOOD FOR CAREERS DEPENDENCE ON GROUP YOU HAVE THE FREEDOM POLICIES LIMIT TO DO WHAT'S BEST FOR JOB MOBILITY AND STIFLE YOUR CAREER INSTEAD INDIVIDUAL OF WHAT'S BEST FOR CAREER POTENTIAL HEALTHCARE. THEY ARE BAD FOR YOUR BUSINESS THEY ARE GOOD FOR BUSINESS GROUP POLICIES REQUIRE COMPANY EXECUTIVES MANAGEMENT TO SPEND AND MANAGERS CAN VALUABLE TIME SORTING FOCUS ON WHAT THEY OUT HEALTH INSURANCE DO BEST: DELIVERING INSTEAD OF FOCUSING HIGH QUALITY SERVICES ON THEIR CORE AND PRODUCTS TO COMPETENCIES CUSTOMERS 10 THEY ARE BAD FOR AMERICA THEY ARE GOOD FOR AMERICA BECAUSE OF GROUP THEY ALLOW HEALTH INSURANCE AMERICAN POLICIES, AMERICANS BUSINESSES AND SPEND 2-3 TIMES PER EMPLOYEES TO PERSON WHAT OTHER MANAGE THEIR DEVELOPED NATIONS OWN HEALTHCARE. SPEND ON HEALTHCARE. HOW IT WORKS ZaneBenefits Employer sets monthly healthcare allowance Employees pay for their own health ZaneHealth reimburses employees for their health plan with their own money plan up to the employer healthcare allowance. WHY IT WORKS MORE MANAGEABLE EMPLOYEE EASILY LOWER FOR EMPLOYERS CHOICE IN TRANSFERABLE COSTS AND EMPLOYEES HEALTHCARE IZaneBenefits www.zan ebenefits.com FEFF Fluu