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The History & Future of Small Business Health Insurance

The History & Future of Small Business Heafth Insurance HISTORY OF EMPLOYER HEALTH INSURANCE We Can Do It! 1940'S 1960'S BIRTH OF TAX- FREE EMPLOYER HEALTH TODAY EMPLOYER HEALTH EMPLOYER HEALTH OLD NEw INSURANCE UNIVERSAL INSURANCE IS BROKEN INSURANCE DURING WWMI GROUP HEALTH INSURANCE WORKED WELL IN THE PAST WHEN EMPLOYEES STAYED WITH COMPANIES FOR A WHOLE CAREER, AND WHEN THERE WERE NOT COSTLY FROCEDURES SUCH AS MRIS AND TRANSPLANTS DRIVING UP THE COST OF HEALTH CARE THAT'S NOT THẺ CASE TODAY. TODAY - EMPLOYER HEALTH INSURANCE IS BROKEN THE COST IS UNSUSTAINABLE SMALL BUSINESSES WANT TO OFFER HEALTH INSURANCE... (to small businesses and emplayees) (but struggle to afford it) $16,351 61% 43% 2008 # OF +166% +191% SMALL BIZ OFFERING SING FAMILY "THE PRIMARY НEAL INSURANCE REASON I DON'T OFFER HEALTH 35% 2012 INSURANCE TO $6,615 $5,844 EMPLOYEES IS COST. $2,196 23 milfion 1999 2013 1999 2013 SMALL BUSINESSES IN THE U.S. DID NOT OFFER EMPLOYER IDn HEALTH INSURANCE IN 2012 ANNUAL COST TO COVER AN EMPLOYEE THE FUTURE - DEFINED CONTRIBUTION & INDIVIDUAL HEALTH INSURANCE "PURE" DEFINED CONTRIBUTION HEALTH REFORM FAVORS DEFINED CONTRIBUTION HEALTHCARE HEALTHCARE ALLOWANCES FOR BEFORE 2014 AFTER 2014 Aa EMPLOYEES TO USE ON INDIVIDUAL HEALTH INSURANCE • MEDICAL UNDERWRITING NO MEDICAL UNDERWRITING PLANS. EMPLOYERS REDUCE AND HEALTH (GUARANTEED-ISSUE) NO FEDERAL SUBSIDIES FOR REFORM INDIVIDUAL PLANS CONTROL COSTS. • FEDERAL SUBSIDIES FOR INDIVIDUAL PLANS EMPLOYER-DRIVEN 60% INDIVIDUAL/FAMILY DRIVEN OF EDUCATED EMPLOYERS "The shift to defined cortribution heafth PLAN TO PURSUE plans will gradually take over the health ALTERNATIVES TO OFFERING HEALTH INSURANCE BY 2014. insurance market INCLUDING 'DEFINED CONTRIBUTION". - ECONOMIST PETER ORSZAG, FORMER DIRECTOR OF -MCKINSEY STUDY THE OFFICE OF MANAGEMENT AND BUDGET HAPPY EMPLOYEES HELP BUSINESSES THRIVE WHAT EMPLOYEES WANT... WITH DEFINED CONTRIBUTION.... with small business health benefits employces take control of their heafthcare EMPLOYEES O PICK THE PLAN THAT BEST FITS THEIR NEEDS, INCLUDING THEIR DOCTOR 55% of younger employees say they will pay more for the ability to 38% said that benefits were an important reason for remaining with the company. 44% of employees worry their employer may O KEEP THEIR PLAN FOR AS LONG AS THEY WANT customize health benefits. reduce their health benefits. M SAVE MONEY WITH NEW HEALTH CARE SUBSIDIES EMPLOYERS CONTINUE TO OFFER A HEALTH BENEFITS PROGRAM THAT CREATES HAPPY, LOYAL EMPLOYEES. Zane Benefits is the #1 online health benefits solution. DEFINED CONTRIBUTION HEALTH BENEFITS Successfully transition to a health benefits solution that creates happier employees, reduces costs, and frees up time for meaningful work. Future of Smal Business Health insurance www.zanebenefits.com ZaneBenefits ZaneBenefits Creatad and Puhúnhed by Zane Benafita in Novambar 2013 with Facts and Figures From The Gude to Defined Contribution Health Benents (zanahenalits comhaalth-benstis-cesources) KFF Employer Hedlth Insurance Survey 13 (kff org/private insurancereport/2013-employer health-benefits) Health Benefits Employees Love Employer Health Insurance Facts and Figures 2013 (zaniebenefits.com/health benefits-resources)

The History & Future of Small Business Health Insurance

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Small business health insurance. Where have we been and what does the future look like? This new infographic takes a look at the history and future of small business health insurance.

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