December 16, 2021
Contact: Frank Knapp, 803-600-6874
Charleston-based small business owner to share success story
Only one month left in open enrollment
Charleston, SC (December 16, 2021)—Today the South Carolina Small Business Chamber of Commerce (SCSBCC) gave examples of how small business owners are saving on health insurance for themselves and their employees.
Frank Knapp Jr., President and CEO of SCSBCC, gave background on federal rule changes that have allowed small business owners to receive premium subsidies for the first time and the increases in subsidies going to workers.
He gave examples of small business success stories of owners who have obtained comprehensive health insurance at less cost than the low-benefit, short-term plans for which they were paying more. Those success-story examples also showed how employees were finding very affordable rates on quality health insurance plans.
Mr. Knapp was joined by Charleston small business owner Rod Welch, owner of HotelGuides.com. Mr. Welch described how the federal Marketplace is saving money for his employees and getting better health insurance. His business also was able to reduce administrative costs by dropping the group insurance for those employees that the business was paying 80% of the premium. As a result, the reduced cost to the business alleviated the need to lay anyone off or cut employee hours.
Also speaking was Linda Lynah, a community health center Marketplace navigator with St. James Health and Wellness.
Mr. Knapp encouraged small business owners to quickly obtain information on the federal Health Insurance Marketplace because open enrollment ends January 15th.