Small Business Owners Saving on Health Insurance

Health Insurance premiums for small business owners and their employees are now lower
Find out how new federal rules benefit you

Two rule changes on premium assistance for health insurance policies obtained through the ACA Health Insurance Marketplace can save money for small businesses owners (who don’t offer group health insurance) and the employees of those small business owners.

Rule changes:

  1. The income cap limiting who can receive premium assistance has been lifted. This means that small business owners who could not get subsidized premiums in the past and had to turn to low-benefit policies can now get premium assistance for good health insurance.
  2.  The premium subsidies have dramatically increased making the premiums workers pay much lower.
    Employees are now paying premiums that are now 27% lower on average than they paid last year.
    •   35% of all workers with individual plans are now paying less than $10 a month
    • Low-wage workers with incomes between 100% and 150% of poverty are now getting full coverage health plans that have no premium.

If less costly health insurance sounds good for either yourself or your employees, we can help you find out more.

Let us answer your questions. We can also arrange for assistance from a Marketplace navigator from a local non-profit near you or an agent/broker with experience with the new rules and the 4 insurance carriers offering policies in the Marketplace. The information and assistance are free. The SC Small Business Chamber does not sell insurance.

Don’t miss out on this opportunity for yourself and employees to save money on good health insurance. The open enrollment period only runs from November 1 to January 15th.

Contact us for more information