Since 2000, the percentage of Americans covered by job-based health insurance has steadily declined. Facing double-digit growth in health insurance premiums, many small businesses (defined as employers with less than 50 employees) have either eliminated health benefits or redesigned the plans to include higher deductibles, larger co-payments, and greater premium-sharing by employees.
This guide focuses on the first phase of this shift, which will be led by small businesses. Adopting Defined Contribution Healthcare and individual health policies will allow small business owners and their employees to save 20 to 60 percent ($4,000 to $12,000 in savings per family per year) on health insurance.
The current state of small business health insurance, and how we got here.
Why the individual market is expected to increase from 30 million to 150 million insured by 2025.
Why 60% of small businesses will eliminate employer-sponsored health insurance in favor of individual health insurance and Defined Contribution.