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The Small Business Health Economy

THE SMALL $4 BUSINESS %24 %$4 Health Economy CURRENT STATE OF SMALL BUSINESS HEALTHCARE 60 MILLION 22.3 Million PEOPLE WHO WORK FOR SMALL BUSINESSES OR ARE PEOPLE WORKING IN THE SELF-EMPLOYED ARE PRIVATE SECTOR WORK FOR THEMSELVES OR FOR UNINSURED ! BUSINESSES WITH FEWER THAN 100 EMPLOYEES. %3D This makes up 1/2 of all uninsured Americans. Small businesses CREATE 75% OF NET NEW JOBS 75% 75% BUT ONLY % OF FIRMS WITH 10-24 78% 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 PERCENT IN INFLATION ADJUSTED TERMS 84% (148 PERCENT IN NOMINAL TERMS). 148% 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 1 THEY ARE TEMPORARY THEY ARE PORTABLE YOU CAN LOSE YOUR YOU KEEP YOUR HEALTH INSURANCE IF HEALTH INSURANCE YOU OR YOUR LOVED POLICY NO MATTER ONE GETS SICK, OR IF YOU LOSE YOUR JOB. WHERE YOU ARE OR WHO YOU WORK FOR 2 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. THAN GROUP HEALTH 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 INSURANCE COMPANY, FAILS YOUR MONTHLY TO MEET AN INSURANCE COMPANY'S PREMIUM REQUIREMENTS, OR GOES OUT OF BUSINESS. 4 THEY ARE LIMITED THEY OFFER CHOICE YOU HAVE YOU GET TO PICK 0 choice 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 YOU GET TO YOUR DEDUCTIBLE, Опe SELECT YOUR COPAYS, OR size DEDUCTIBLE COINSURANCE BASED fits all AND COPAYS. ON YOUR FAMILY'S SPECIFIC NEEDS. THEY ARE UNFAIR THEY ARE SUBSIDIZED YOU ARE IMMEDIATELY DISQUALIFIED FROM RECEIVING $2,000 TO $12,000 PER YEAR OF YOU COULD QUALIFY FOR $2,000 to $12,000 PER YEAR OF A THE TRILLION-DOLLAR TRILLION-DOLLAR FEDERAL SUBSIDY FEDERAL SUBSIDY 7 THEY ARE UNSTABLE THEY ARE STABLE YOUR HEALTH YOUR INSURANCE PREMIUM AFTER-SUBSIDY CAN DOUBLE DEPENDING ON THE COST ONLY 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 YOU HAVE THE FREEDOM TO DO WHAT'S BEST FOR DEPENDENCE ON GROUP POLICIES LIMIT JOB MOBILITY AND STIFLE YOUR CAREER INSTEAD INDIVIDUAL OF WHAT'S BEST FOR CAREER POTENTIAL HEALTHCARE. THEY ARE THEY ARE GOOD FOR BUSINESS BAD FOR YOUR 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 AN 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 DEVELOPED NATIONS MANAGE THEIR OWN HEALTHCARE. SPEND ON HEALTHCARE. HOW IT WORKS ZaneBenefits Employer sets monthly healthcare allowance Employees pay for their own health ZaneHealth reimburses plan with their own money employees for their health plan up to the employer healthcare allowance. WHY IT WORKS MORE MANAGEABLE EMPLOYEE EASILY LOWER FOR EMPLOYERS CHOICE IN TRANSFERABLE COSTS AND EMPLOYEES HEALTHCARE ZaneBenefits www.zan ebenefits.com %24 5 %24

The Small Business Health Economy

shared by ZaneBenefits on Dec 25
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Is your small business paying too much for or can't afford a group healthcare plan? Did you know that almost half of all uninsured Americans work in small businesses? The current state of small busine...

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