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That’s basically what the health exchanges are. Small businesses do not have to provide health insurance; and in most cases the exchanges provide more choice an
by wayoutthere 7y ago
That’s basically what the health exchanges are. Small businesses do not have to provide health insurance; and in most cases the exchanges provide more choice and lower cost than small businesses would have access to.
But it does increase the gap in wages between the big corporates and small businesses. It’s very hard for small businesses to hire good talent when they can work in the corporate world for a higher salary plus benefits.
- war1025 7y agoAs someone who works for a small company (~10-15 people), it's possible we're missing out on something obvious, but two years ago we (my employer) looked pretty extensively into our different options and settled on our current plan as the best option. I have a 1500/3000 family plan with a sticker price of $32,000 / year. I pay a third of that and my employer picks up the rest. I guess it's possible that this is about the going rate and most employers just pick up more of the cost than mine. Either way, that seems like an unsustainable amount of money to be paying each year.
- wayoutthere 7y agoYeah, a family plan at my employer (a big corporate) with the same limits is about $5000/yr to the employee. And that’s on top of the fact my salary is already 25-50% higher than it would be at a small business. The deck is seriously stacked against smaller employers right now.