Health Insurance :Small Busniesses Need health Insurance

Author: admin, May 19th, 2010

 Small Businesses Coping With Mandatory Health Insurance
 
Provide employee health insurance, or pay a penalty? This is a threat that’s constantly worrying small business owners. And it might just move a step closer to reality in mid-July, as three of five Congressional

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 Small Businesses Coping With Mandatory Health Insurance

 

Provide employee health insurance, or pay a penalty? This is a threat that’s constantly worrying small business owners. And it might just move a step closer to reality in mid-July, as three of five Congressional committees approved new legislation to re do American health care — legislation that could expand health insurance coverage to 46 million uninsured workers, bringing a dear price to pay for business owners.

This is a serious problem staring every small business owner in the face. With times the way they are just now its hard enough never mind adding this for extra stress. Small company’s are barely breaking even never mind having to deal with a fixed penalty for not having small business health insurance.

Company’s with less than 25 workers are spared from annual penalties because it would require a company with 25 employees or more to pay the 5-750 penalty if the company refused to offer health coverage.

All over the country there’s less company’s offering small business medical insurance because they can’t afford to do so. A 2008 National Small Business Association poll found that just 38 percent of small companies could afford health plans at all, compared to 67 percent of small businesses in 1995.

 

 

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Categories: Health Insurance Information Tags: Small Business Health Insurance