Home Advertise Contact Blog Advertiser Login RSS
Newsletter Signup

Buy A Business Opportunity of Franchise
Home-Based Businesses
Choosing a Business Opportunity Growth and Profit Marketing and Sales
Plans and Goals Running Your Own Business Start-Up
Working From Home Entrepreneur Exchange Feature Articles
Opportunity Community Opportunity Focus In The News
Come Read Our Featured Articles About Business Opportunities, Franchising, Business Opportunity News and More
Did you know that women-owned businesses are eligible for grants that are not available to other business owners? Receiving a grant is probably the best way to get funding for a business because, unlike a business loan,...
...an excerpt written by Lauren Diethelm in her article on Fundera. Night...

Sponsors

STARSCAPES®
Imagine making up to $500 to $1,800 a day! Call or click now see how you can get your business for FREE! (602) 679-0257
I-insureme
$$$ BUILD HUGE INCOME SELLING SOMETHING EVERYONE MUST HAVE $$$ Call our 24-hour message line at 301-276-5575 now!
Carelumina
Make up to $1,000/week! We are changing the industry with our physician formulated state-of-the-art products & services!
CTFO
TAKE A FREE POSITION NOW WITH CTFO SELLING CBD HEMP OIL! Join The Hottest Wellness Trend & Next Billion Dollar Industry.
Home-Based Travel Business Making $$$$
Cash in with us on the Multi-Trillion Dollar Travel Industry by working as an independent Affiliate for World Discovery!
Haney Hitting System
ENJOY BASEBALL/ SOFTBALL? WORKING WITH KIDS?WORKING @ HOME? EARNING EXCEPTIONAL INCOME? Email RAHANEY71@AOL.COM for info
 
Resource Center > Article
U.S. Employer-Based Health Coverage Continues To Decline
12 Apr 11 Posted by: Kathleen C Lanza
in Featured Articles
Share this Article:

A recent Gallup poll showed that 16.3% of adults in the U.S. were uninsured as of February 2011.  And the percentage of Americans who receive health insurance benefits through their employer dropped to a low of 44.6%, the lowest it has been in the past three years.  On the flip side, the percentage of Americans covered by government healthcare programs, such as Medicare, Medicaid or military/veterans’ benefits has been increasing, and now includes a little more than one in four adults.

The primary reason cited for the decline in employer-based coverage is unemployment.  However, many experts also cite the rising costs of healthcare as a key reason why businesses, especially small and mid-sized ones, are increasingly unable to offer benefits to their employees.

Even if a small business does offer healthcare coverage to its employees, its premiums are, on average, as much as 18% higher than are larger group premiums.  In addition, the benefits are oftentimes far less generous, and smaller employers don’t have the resources to pay as much of the premium for their employees as do the larger concerns.  Now add to that the fact that in any small group plan, if just one participant gets really sick, coverage can be dropped for the entire group or become so expensive that no one can afford it.  Is it any wonder the U.S. is facing a serious crisis when it comes to addressing the healthcare needs of hard-working people who just so happen to own or work for small and medium-sized companies?

In an effort to address these issues, the recently passed 2010 healthcare legislation contains a number of provisions that are designed to assist small business owners in their efforts to provide health insurance coverage for themselves and their employees.  First, there are tax credits of as much as 35% available to employers with fewer than 25 full-time employees who are paid an average salary of less than $50K annually.  In addition, the law allows for the creation of healthcare exchanges by 2014, which are designed to reduce costs by diffusing risk among greater numbers of participants in a given state or other region of the country.

Anyone who owns a home-based or other small business, or who is considering going into business for themselves, is advised to read up on the new healthcare law and its provisions to assist small and medium-sized businesses in particular.  For a comprehensive overview of the new healthcare reform laws and how they might impact you as both an individual and an employer, go to http://www.kff.org/healthreform/upload/8061.pdf to learn more.

Related Blog Posts
9 Dec 18 Posted by: Todd Hatch
in Featured Articles
Did you know that women-owned businesses are eligible for grants that are not available to other business owners? Receiving a grant is probably the best way to get funding for a business because, unlike a business loan,...
7 Dec 18 Posted by: Todd Hatch
in Featured Articles
...an excerpt written by Lauren Diethelm in her article on Fundera. Night...
5 Dec 18 Posted by: Todd Hatch
in Featured Articles
Every tech entrepreneur that starts a business has the same primary goal in mind. And getting there as fast as possible is understandably important. But 3 mistakes can kill a tech startup's ability to succeed. In her article on...
4 Dec 18 Posted by: Todd Hatch
in Featured Articles
2019 is sure to be a great year for budding entrepreneurs and small business owners. If you're planning on starting your own business in 2019, avoiding common mistakes is key to early success. In his article on Entrepreneur, Dillion Kivo...