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Small Businesses Face Uphill Battle with Health Insurance Costs

    Submitted by Anonymous (not verified) on Sat, 04/03/2010 - 17:21

    Survey Finds that 46 Percent of Respondents Don’t Offer Health Insurance to Employees

    Small businesses continue to grapple with the costs of providing healthcare to their employees, but the challenge is becoming disastrous for many businesses that are just trying to stay afloat, according to George S. May International.

    A survey of small to medium-sized business owners found that 46 percent of respondents don’t offer health insurance to their employees. Of the 54 percent that do offer health insurance to their employees, the split between employer and employee paid premiums is as follows:

    Paid by employer:
    •    100%      13% of respondents
    •    90%        10% of respondents
    •    80%        20% of respondents
    •    70%        18% of respondents
    •    60%        17% of respondents
    •    50%        22% of respondents

    “This survey speaks volumes to what we’re seeing with troubled clients everyday,” said Paul Rauseo, managing director of the George S. May International Company. “The most glaring number is the fact that 22 percent of those small businesses that offer health insurance only pay 50 percent, which is a clear sign of being in survival mode.” HBM

    For more information, visit www.georgesmay.com.

    Previously published in the February 2010 issue of HOME BUSINESS® Magazine, an international publication for the growing and dynamic home-based market. Available on newsstands, in bookstores and chain stores, and via subscriptions ($19.00 for 1 year, six issues). Visit www.homebusinessmag.com
     

    V17-1 Add: 04/10

     

     

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